Senior Credit Analyst

Ready to put your credit expertise to work in a collaborative community banking environment? The Bank of Elk River is seeking a Senior Credit Analyst to support commercial lending through in-depth financial analysis, sound credit recommendations, and portfolio risk management. Join a team where your experience, insights, and leadership will help drive strong lending decisions and lasting customer relationships.

At The Bank of Elk River, we believe in the following core values:

• We put people first: Our customers, co-workers, and communities inspire us every day. We are dedicated to your success and believe that by building strong relationships, empowering our team to make decisions, and developing genuine connections, we all succeed.
• We build trust: Since 1885, trust has been the foundation of our business. Our unwavering commitment to integrity, honesty, and respect guides us today. You can count on us now and in the future.
• We pursue excellence: We embrace a culture of innovative thinking and continuous learning. We leverage diverse perspectives through communication and collaboration to deliver relevant progressive solutions that exceed expectations.
• We strengthen communities: We are driven to make a positive and lasting impact. By investing financial resources, sharing our expertise, and devoting our time, we strengthen the communities we serve.

SUMMARY 

The Senior Credit Analyst supports commercial lending by analyzing credit risk, evaluating borrower financial strength, and providing recommendations for new and existing credit relationships. This role serves as a resource to lenders and junior analysts, helping facilitate sound lending decisions while maintaining portfolio quality and regulatory compliance.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Analyze financial statements, cash flow, collateral, and creditworthiness of prospective and existing borrowers.
• Gather and evaluate credit information from financial reports, credit bureaus, industry sources, and other relevant resources.
• Prepare credit presentations, loan recommendations, and portfolio quality reports for lenders, management, and loan committees.
• Conduct industry, economic, and risk analyses to support lending decisions.
• Monitor loan relationships and portfolios for emerging risks and changes in borrower performance.
• Recommend loan structure, pricing, repayment terms, and collateral support.
• Assist lenders with loan origination, annual reviews, and high-priority credit requests.
• Ensure credit files meet bank policy and regulatory requirements.
• Review and interpret credit reports, D&B reports, UCC filings, and Secretary of State searches.
• Support and mentor Credit Analysts and coordinate workflow within the credit department.
• Maintain knowledge of SBA and other specialized loan programs.
• Adhere to bank security procedures, compliance requirements, and the Code of Ethics.
• Regular, reliable attendance is required.

EDUCATION/EXPERIENCE

• Bachelor’s degree in finance, Accounting, Business, or a related field preferred.
• 8+ years of commercial credit analysis, lending, or related banking experience; or an equivalent combination of education and experience.
• Strong financial analysis, credit underwriting, and communication skills.
• Ability to manage multiple priorities and work effectively with lenders, management, and credit committees.
• Abrigo Sageworks experience preferred.

PHYSICAL DEMANDS

Primarily office-based work requiring extended periods of sitting, computer use, and occasional standing, walking, reaching, or lifting of standard office materials. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of the position.

Equal Opportunity Employer, including Veterans and Individuals with Disabilities.

COMPENSATION

Starting Salary Range: $75,000-$100,000 per year

FULL TIME BENEFITS

• High-Deductible Health Plan on the 1^st of the month following hire date
• Health Savings Account on the 1^st of the month following hire
• Flexible Spending Accounts on the 1st of the month following hire
• Dental Insurance on the 1^st of the month following hire date
• Vision Insurance on the 1^st of the month following hire
• Company paid life insurance on your date of hire
• Supplemental life and AD&D insurance available on your date of hire
• Short-term disability insurance paid for by TBER
• Long-term disability insurance paid for by TBER
• Employee Assistance Program
• Well-Being program
• Long-term care insurance
• Pet Insurance
• Employee Stock Ownership Plan (ESOP) after 6 months of service
• 401(k) Safe Harbor match up to 4% on the 1^st of the month after 6 months of service
• Account fees waived and discounts on loans at The Bank of Elk River
• Discounts through Wellmark Blue365, LifeMart, Carhartt, and Microsoft Office
• Gym Membership/Fitness quarterly reimbursement up to $25 each month
• Company picnic, Christmas party, and employee appreciation events
• Casual dress days