Credit Analyst Intern
Job Type
Internship
Description

Deerwood Bank is seeking a Credit Analyst intern to work in its Baxter, MN branch. This role provides opportunities to learn how to analyze and spread commercial/business financials for the purposes of loan approvals. The successful candidate will enjoy working in a team environment and possess a strong desire to learn.  

 

  • Meet with lender’s monthly to go over loans coming due/Annual Review list/Ticklers
  • Request financial information from borrower’s on upcoming annual reviews and renewals.
  • Update ticklers when financials received
  • Run credit reports
  • Pull Secretary of State – Good Standing Certificates and UCC Searches
  • Assist in spreading of financial statements
  • Enter financial information into the Excel loan presentation spreadsheet 
  • Do prep work on the loan presentation, updating loan balances, NAICS information, etc.
  • Enter work requests into the queue
  • Pull comps for real estate evals
  • Scan loan documents. 
  • Spread and analyze interim and year-end financial statements, borrowing base certificates, personal financial statements and tax returns, ensuring timely completion of required reports. 
  • In conjunction with Business Bankers, assist in the preparation of written commercial loan analyses in a concise but complete format identifying major trends, issues. Develop a strong foundation in analysis in order to understand and to identify credit risks. Use that foundation to help Business Bankers make informed lending decisions.
  • Work with Business Bankers to ensure financial information from clients and prospects is processed and distributed in an accurate, timely and consistent manner to ensure financial risk is managed appropriately.
  • Monitor loan covenants and reporting requirements as necessary. Check covenant compliance as annual and interim financial statements are received and spread. 
  • Coordinate with other staff to ensure timely completion of month-end reporting as necessary.
  • Build on acquired skills to analyze increasingly complex companies and industries, eventually assuming more responsibility for credit approval presentations.
  • Perform annual reviews of existing credit relationships as required by policy.
  • Perform other duties as apparent or assigned.
Requirements
  • Working towards a bachelor's degree in business, finance, or accounting, preferred. Ideally, in the last semester or 2 of college, but not required.
  • Proficiency with MS Word, Excel (capabilities, design, and manipulation of data), Outlook, Teams, and SharePoint.
  • Strong interpersonal skills, including working in a team environment.
  • Attention to detail.
  • Ability to work independently, multi-task, and meet deadlines.
  • Strong written, verbal, and analytical skills.
  • Must be able to maintain a professional image.
  • Comfortable in interaction with Business Bankers, senior management, and customers.
  • Responsible for meeting timelines for production
  • Occasional travel may be required for training or other business-related issues.