WHO WE ARE:
At Riverland, we specialize in building community wherever our clients are. By bringing a personal touch to banking, we focus on the relationships behind the finances. It is our mission to provide first choice banking on a first name basis. We believe that community banks should benefit everyone in their local area and beyond – from small towns to big cities. In 2005, Riverland Bank was founded in Jordan, Minnesota. Today, our experienced team of banking experts proudly serve the Twin Cities metro and suburban communities with an office also in Northeast Minneapolis. Join our growing team to help our customers, offer a better banking experience, and make a greater impact in the community.
WHAT YOU’LL DO:
This position is responsible for analyzing credit and financial information from current and prospective clients to complete a thorough analysis of the customers’ risk profile and credit worthiness. Underwrite loans for Bank Lenders while ensuring compliance with loan policy and appropriate regulations. Evaluate policy and procedures while making recommendations for changes to keep the credit process operating efficiently and effectively. Essential duties include:
- Examine and evaluate documents such as application forms, appraisals, financial reports and other data to determine the degree of loan risk during the underwriting process. Assist Lenders in resolving questions and issues.
- Prepare credit presentations on new and renewing loans, including exposure summary, financial and cash flow analysis, collateral analysis, covenant and risk rating review.
- Complete annual reviews on all required relationships including a complete analysis of annual financial statements, collateral evaluation and payment history, risk rating review and any adverse industry or economic changes.
WHAT YOU’LL BRING:
Availability to work 40 hours per week Monday through Friday between the hours of 8:00am – 4:30pm; exempt. Position is on-site at our Minneapolis office. One day a week for work-from-home opportunities may be available after an initial training period.
Required Experience:
- Bachelor’s degree in Business, Accounting, Finance, Economics, a related field or equivalent work experience.
- 3+ years credit analysis and commercial underwriting experience.
- Excellent customer service skills. Previous customer service experience in a financial institution, preferred.
- Strong analytical skills needed to integrate and interpret data from diverse sources and find optimal solutions to strategic or process-related problems.
- Strong business acumen and an understanding of how the industry operates, partnered with attention to the credit element of the business.
- Ability to interact in a positive manner with all individuals, both within the company and with external contacts in the public/community.
- Outstanding verbal and written communication skills, including strong public speaking skills.
- Ability to pass a pre-employment background check.
- Regular and reliable attendance at the workplace.
Preferred Experience:
- C&I
- Appraisal Review
- BBC monitoring
WHAT WE OFFER:
- Competitive pay and incentives
- Health insurance with the ability to choose which plan option is best for you – a Traditional Health Plan or Health Savings Plan.
- Affordable dental and vision insurance coverage.
- Earn 20 days of paid time off annually for full-time employees – and, the longer your tenure, the more PTO you’ll have to enjoy.
- 11 paid holidays each year.
- Sabbatical leave is available to eligible employees who have provided eight years of service.
- 401(k) is a 6% automatic employer contribution regardless if you are contributing or not.
- Eligibility for profit sharing opportunities in the form of a contribution to your 401(k) account.
- Employer-paid Short Term and Long Term Disability benefits.
- $50,000 of employer-provided life insurance with the option to purchase additional coverage for yourself, spouse and eligible dependents.
Riverland Bank is an Affirmative Action and Equal Opportunity Employer of Protected Veterans, Individuals with Disabilities and all Protected Classes.
Job Type: Full-time
Pay: $70,000.00 - $85,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Retirement plan
- Vision insurance
Physical setting:
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
- No weekends
Experience:
- commercial underwriting: 3 years (Preferred)
- credit analysis: 3 years (Preferred)
Ability to Commute:
- Minneapolis, MN 55414 (Preferred)
Ability to Relocate:
- Minneapolis, MN 55414: Relocate before starting work (Preferred)
Work Location: Hybrid remote in Minneapolis, MN 55414