Credit Analyst

Full Time Credit Analyst

South Ottumwa Savings Bank is seeking an experienced Credit Analyst to become a member of our Bank Team at our Church Street location in Ottumwa, Iowa.

SOSB’s Credit Analyst supports the bank’s objective of maintaining a high-quality loan portfolio through comprehensive financial analysis to quantify and estimate the degree of risk associated with the extension of credit to companies and individuals. The Credit Analyst will collaborate with and support the loan department and all loan officers through the loan process by gathering documents, analyzing financials, preparing loan presentations, and reviewing loan documents and files for accuracy and completeness, while ensuring applicable regulations and bank policies and procedures are complied with in the process of transacting business.

RESPONSIBILITIES AND DUTIES:

This is a salary exempt from overtime position based on a normal 40 hour work week Monday through Friday with some scheduled Saturday mornings.

Develops credit presentations for agricultural and commercial loan requests and loan renewals.

Communicates with the borrower and/or borrowers’ financial representative to gather all pertinent financial information necessary to review the loan request.

Analyzes borrower financial information including but not limited to:

• Financial statements and cash flows.
• Calculation of applicable financial ratios.
• Historical trends of tax returns and financial statements.
• Projected cash flow and stress testing of cash flow.
• Loan collateral and its adequacy including stress testing.

Manages appraisals, internal evaluations, and the review process.

Maintains and monitors an auditing system for loan file documentation.

Participates in customer meetings as requested by the loan officer.

Attends loan committee meetings as appropriate to answer questions regarding loan analysis.

Assists with internal and external loan reviews and audits.

Adheres to loan policy, procedures, guidelines and regulations.

Represents the bank in various community activities.

Gains familiarity with all Bank products and services and promotes the products and services of South Ottumwa Savings bank; using bank products and services is highly encouraged.

Performs all other duties as assigned by management.

We offer a competitive benefit package associated with this position including options for medical, dental, vision, short term & long term disability and life insurance, a generous 401K plan with employer match, an employee assistance program and paid vacation, PTO, and holiday time off.

Applications may be requested by emailing hr@sosb-ia.com or via our website at https://www.sosb-ia.com.

Equal Opportunity Employer/Vet/Disabled

Work Remotely

• No

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) 5% Match
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Profit sharing
• Referral program
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• Weekends as needed

Work Location: In person