Tradition Capital Bank
Edina, MN
Description:
Job Purpose:
The Credit Associate will work in a collaborative environment that is focused on learning the foundational elements required to recognize and evaluate credit risks. The proficiencies gained over time will serve as a launching pad for a career in providing high-quality credit and banking services.
Skills and Proficiencies to be Developed:
- Analysis & Underwriting: Review borrower financial reporting as received and spread statements using BakerHill software. Understand the basics of credit risk assessment, mitigation, and structuring. Learn to recognize the suite of financial products we offer at the bank and the scenarios they are most applicable to our customers. After developing a mastery of the primary job skills listed above, the Credit Associate will have the opportunity to start working directly on credit underwriting assignments. Additional skills to be developed may include drafting credit presentations, calculating risk ratings, analyzing personal and business financial documents and tax returns, analyzing collateral, and interpreting loan policy.
- Credit Administration: Learn the 5 C's of Credit and how to recognize them in common loan structures. Understand the typical lifecycle of a loan, from origination to the final loan payment. Perform core system inquiries and updates on Fiserv. File, upload, index and search for credit and collateral loan documents using the bank's document imaging software (KnowledgeLake). Understand the basics of loan documentation.
- Collaboration: Collaborate with other roles involved in managing the credit portfolio at the bank, including but not limited to, Credit Analysts, Relationship Officers, Portfolio Managers, Coordinators, Loan Administrators, and Credit Officers.
Primary Accountabilities:
- Maintain our financial document tracking system. This includes collecting documents from lending teams, filing documents into our imaging software, creating and updating due date tracking, spreading financial statements, and initiating core system updates, when applicable.
- Maintain our financial covenant tracking system. This includes collecting documents from lending teams, reviewing calculations for accuracy, confirming language in loan documents, and logging defaults, when applicable.
- Work collaboratively with Relationship Officers and related staff to anticipate, identify, and collect documents needed for efficient and timely approvals on new and existing credits.
- Compare credit presentations to loan documents to ensure consistency. The Credit Associate may assist with drafting waiver amendment modifications and file comments to acknowledge or fix discrepancies when identified.
- Prepare basic credit presentations consistent with the knowledge and experience of the Credit Associate.
- Assist with other credit administration projects, as assigned.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time without notice.
Requirements:
Expectations, Skills & Qualifications:
- Acts as a role model for our core values: Do the Right Thing, G.S.D. (Get Stuff Done), One Team, and Give Generously.
- Demonstrates commitment to timely, defect free and caring customer service. Works collaboratively with commercial relationship staff, loan operations, compliance, and other bank departments to help create a productive, team-oriented work environment that leads to customer service excellence.
- Demonstrates self-motivation and present a resourceful work ethic.
- Demonstrates the ability to learn quickly and independently.
- Performs at a high level in a fast-paced environment.
- Displays adaptability in response to organizational change and growth.
- Conveys excellent verbal and written communication skills.
- Possesses strong technical skills, including proficiency with Microsoft Excel, Word, Outlook and PowerPoint.
- Shows an ability to manage multiple projects and tasks with efficiency and clarity.
- Exhibits respect for others.
- Delivers a high level of organization and attention to detail.
- Demonstrates an aptitude for problem solving and analytical thinking.
- Possesses knowledge of accounting concepts and experience reviewing financial statements, including but not limited to balance sheets, profit and loss statements, and statements of cash flows.
Education & Experience:
- A bachelor's degree from a four-year college or university with an emphasis on business, finance, accounting, statistics, or a related field, and a minimum of two years of MS Office experience, including Excel and Word.
- Alternatively, an associate's degree with an emphasis on business, accounting, or a related field, and a minimum of two years of work experience in financial services. Banking experience preferred. Work experience must include a minimum of two years of MS Office experience, including Excel and Word.
Benefits & Compensation
Tradition Capital Bank recognizes and values everyone's unique needs for their careers, families, and individual health. That's why we offer competitive benefits to promote wellness in our employees and their loved ones, including:
- Healthcare (medical with HSA, dental, and voluntary vision)
- Short-term and long-term disability
- Basic and voluntary life & AD&D insurance
- EAP – Employee Assistance Program
- Flexible spending accounts
- 401(k) with employer match; ability to purchase Bank stock through 401k
- Paid time off & paid holidays
- Family Care Reimbursement (up to $500 annually for 2025)
- Wellness Time (up to 2 hours/week)
- Keystone employee directed giving opportunities (annual Insight Trip opportunities, up to $500 for grants and double match dollars)
For this position, we anticipate a pay range between $20 and $30 hourly. Final offers will vary based on individual job-related knowledge, skills, and abilities. This position is eligible for a discretionary annual bonus based on individual and Bank performance.
Work Environment:
- While performing the duties of this job, the employee is regularly required to stand, walk, use hands to type, carry, handle and feel objects, reach with hands and arms, talk or hear. The employee must occasionally lift and/or move up to 25 pounds and more with assistance. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception in the window environment and the ability to adjust focus.
- This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
- Local travel may be required for this position.
*The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Equal employment opportunity, including veterans and individuals with disabilities.
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