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Merchants Bank Equipment Finance , located in Edina, has an opening for an experienced Credit Analyst. This is an in-office position with the opportunity to go hybrid after 6-9 months based on performance.

Primary duties include analyzing financial statements and tax returns accompanying a lease/loan request. This includes inputting information into financial spreading software, recognizing trends, and preparing the final lease/loan request presentation.

Requires BS/BA Degree, preferably with a Business Administration, Accounting or Finance degree, and 3-5 years previous credit analyst experience preferred. Would be beneficial to have a background in a Leasing, Commercial or Agriculture lending environment.

Merchants offers competitive wages and benefits for our full-time employees including health, dental, life, disability and vision insurance; flexible spending accounts, 401(k) and ESOP retirement plans; bonus plan; paid time off; tuition reimbursement; and a variety of voluntary supplemental insurance options.

Please click on Apply Now. Questions can be emailed to [email protected] Merchants Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Primary Duties :

+ Complete an interpretive analysis of financial statements for lease/loan relationships and prepare lease/loan presentations for the successful approval of commercial and agriculture leases/loans. This includes developing credit information for use by the Merchants Bank Management Loan Committee in making lending decisions on new and renewal leases or loans.

+ Review and analyze all pertinent credit and financial information, including PayNet reports, credit bureau reports, financial reports, cash flow analysis, ratio analysis, and presents to MBEF internal credit approval individuals or Merchants Bank Management Loan Committee.

+ Review and analyze all pertinent credit and financial information for credits submitted under MBEF’s Scorecard Program. Decision the submission.

+ Work directly with MBEF Sales and Merchants Bank Commercial/Ag lenders to prepare Loan Committee credit lease/loan presentations on new and existing relationships that require Loan Committee approval on very complex relationships. Complete credit lease/loan presentations including financial analysis collateral valuations, payment history, risk rating review, and any adverse industry or economic changes. Work directly with Lessee/Borrower when necessary to obtain additional information.

+ On all new credit submissions that are approved either internally or by Merchants Bank Management Loan Committee establish required contract documentation for each submission.

+ Assist with MBEF quarterly Liquidation Capital Analysis reporting requirements.

+ Work with MBEF Sales staff and MBEF Management on any new industry vertical opportunities and next step discussions; including documentation review.

+ Work with external and internal customers regarding new business opportunities, modification and deferral requests and related documentation.

+ Attend customer calls and trade shows with MBEF Sales and Merchants Bank Commercial/Ag lending officers from time to time as requested by the lending officer.

+ Regular and dependable attendance is an essential function of this job.

+ Employee will be expected to contribute to a positive working environment through words and actions.

+ Employee will be expected to greet internal and external customers in a friendly and outgoing manner.

+ Employee will be expected to take responsibility to ensure that internal and external customers receive outstanding customer service.

+ Employee may be asked to perform other duties as required by business needs.

+ Employee will be expected to complete compliance and product knowledge assignments in a timely manner.

Working Conditions :

Work will primarily be performed inside working environment, low noise level, comfortable physical conditions.

Physical Demands:

Work will be performed primarily sitting at a desk, very low degree of lifting. Requires average finger dexterity to operate normal office equipment, such as computer, adding machine, etc. Requires good eye/finger coordination.

Mental Demands/Education:

Requires BS/BA Degree, preferably with a Business Administration, Accounting or Finance degree, and 3-5 years previous credit analyst experience preferred. Strong analytical skills; excellent people skills. Requires individual with strong oral and written communication skills; ability to express ideas in a clear, thorough, and concise manner.

Requires above-average aptitude in the area of math/number skills. Above-average ability in written communication, including word process and Excel proficiency. Strong ability in problem analysis. Amiable personality. Must be an excellent team worker.

Relationships:

Responsible to the Credit Manager/Officer for fulfillment of duties, responsibilities, authority, and for proper interpretation.

Will have a high degree of contact with other MBEF and Bank personnel and direct personal contact with customers. Must have the ability to develop customer rapport; must show genuine interest in others’ needs and opinions.

In day-to-day function, will have contact with customers, public, and staff, and is to conduct self in a manner that will enhance the overall marketing effort of MBEF and the Bank.

Job Details

Job Family MBEF Processor

Pay Type Salary

Hiring Min Rate 64,100 USD

Hiring Max Rate 87,900 USD