Credit Underwriter IV
Career Agencies
Career Fields
Career Locations
Closing Date
Full Time/Part Time
Full Time
Job Url
https://www.cnd.nd.gov/psc/recruit/EMPLOYEE/HRMS/c/HRS_HRAM_FL.HRS_CG_SEARCH_FL.GBL?Page=HRS_APP_JBPST_FL&Action=U&SiteId=11000&FOCUS=Applicant&JobOpeningId=3029294&PostingSeq=1
Career Description
Hiring Range: $79,210 - $99,007This position has the option of working remotely while located within the State of North Dakota.If unable to find qualified candidates, the hiring authority will consider an underfill as a Credit Underwriter III. The level III requires 4 years experience and has a hiring range of $66,743 - $83,429. The Bank of North Dakota (BND) is seeking a Credit Underwriter IV to join our team! The Bank was established to promote agriculture, commerce, and industry in the State. Its loan programs work in conjunction with private financial institutions to finance economic development throughout the State. It is the legal depository for all state funds unless provided otherwise by law. The Bank also serves as a central clearing agency and provides many other services to North Dakota banks and other financial institutions.
This position will conduct credit analysis and underwriting services for commercial, agriculture, political subdivisions, and/or economic development projects. Primary duties include gathering and analyzing financial information of the overall loan package.Complete credit presentations Perform moderate to highly complex commercial and agricultural credit analysis which involves investigating financial statements to determine if cashflow is sufficient to repay business and personal debt. Total aggregate dollar exposure of credits analyzed typically ranges from $500,000 to $10,000,000.Perform break even repayment analysis, stress testing, scenario analysis, UCA cash flow analysis, and capitalization ratios for real estate valuation.Make recommendations related to structuring of credits being analyzed as it relates to repayment terms, financial covenants, construction projects and ongoing monitoring of business entity.Underwrite loan requests with strict deadlines for presentation to committees including BND Investment Committee, BND Advisory Board and Industrial Commission.Travel may be required to visit the site based on the complexity of credit being analyzed. This requirement becomes more frequent based on the complexity of the credit.Review moderately complex appraisals and internal evaluations to determine reasonableness and compliance with regulations. Complete annual reviews of existing loans.Prepare problem loan reports which may initiate collection or foreclosure activities for delinquent loans; analyze and determine loan classifications and assess risk ratings. Lead or participate in projects that contribute to the initiatives and goals of Credit Administration.
Minimum Qualifications
This position requires a bachelor's degree in accounting, banking, business administration, economics, or a closely related field and six years of commercial and/or agriculture lending, credit or financial analysis work experience. Additional work experience as described may substitute for the education requirement on a year-for-year basis.
About Team ND
"Far and away the best prize life offers is the chance to work hard at work worth doing." - Theodore RooseveltMore than 7,500 talented, hard-working people across sixty-three agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success. Join us in being legendary.Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.
Application Procedures
Please attach a resume to your electronic application. All application material must be received by 11:59 pm on the closing date. Application form and resume should demonstrate the knowledge, skills, and abilities that are needed to meet the minimum qualifications for this position. Application materials will be scored based on a 100-point job related personnel system. Applications should include information which directly addresses how the applicant meets the minimum qualifications and . It is very important to be thorough and detailed on all your application materials.Applicants who experience technical difficulties during the application process should contact recruiter@nd.gov or 701.328.3290. If accommodations or assistance is needed in the application or interview process, please contact Melanie Moen at moen@nd.gov 701.328.5616 or TTY users may use Relay North Dakota at 711 or 800.366.6888.Notice to prospective employees that the Bank of North Dakota complies with the U.S. Dept. of Labor Family and Medical Leave Act (FMLA); and all information contained within, at www.dol.gov/whd/fmla.A credit, state and federal background check will be conducted on the final candidate.
Equal Employment Opportunity
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. Sect. 23-12-10.
This position will conduct credit analysis and underwriting services for commercial, agriculture, political subdivisions, and/or economic development projects. Primary duties include gathering and analyzing financial information of the overall loan package.Complete credit presentations Perform moderate to highly complex commercial and agricultural credit analysis which involves investigating financial statements to determine if cashflow is sufficient to repay business and personal debt. Total aggregate dollar exposure of credits analyzed typically ranges from $500,000 to $10,000,000.Perform break even repayment analysis, stress testing, scenario analysis, UCA cash flow analysis, and capitalization ratios for real estate valuation.Make recommendations related to structuring of credits being analyzed as it relates to repayment terms, financial covenants, construction projects and ongoing monitoring of business entity.Underwrite loan requests with strict deadlines for presentation to committees including BND Investment Committee, BND Advisory Board and Industrial Commission.Travel may be required to visit the site based on the complexity of credit being analyzed. This requirement becomes more frequent based on the complexity of the credit.Review moderately complex appraisals and internal evaluations to determine reasonableness and compliance with regulations. Complete annual reviews of existing loans.Prepare problem loan reports which may initiate collection or foreclosure activities for delinquent loans; analyze and determine loan classifications and assess risk ratings. Lead or participate in projects that contribute to the initiatives and goals of Credit Administration.
Minimum Qualifications
This position requires a bachelor's degree in accounting, banking, business administration, economics, or a closely related field and six years of commercial and/or agriculture lending, credit or financial analysis work experience. Additional work experience as described may substitute for the education requirement on a year-for-year basis.
About Team ND
"Far and away the best prize life offers is the chance to work hard at work worth doing." - Theodore RooseveltMore than 7,500 talented, hard-working people across sixty-three agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success. Join us in being legendary.Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.
Application Procedures
Please attach a resume to your electronic application. All application material must be received by 11:59 pm on the closing date. Application form and resume should demonstrate the knowledge, skills, and abilities that are needed to meet the minimum qualifications for this position. Application materials will be scored based on a 100-point job related personnel system. Applications should include information which directly addresses how the applicant meets the minimum qualifications and . It is very important to be thorough and detailed on all your application materials.Applicants who experience technical difficulties during the application process should contact recruiter@nd.gov or 701.328.3290. If accommodations or assistance is needed in the application or interview process, please contact Melanie Moen at moen@nd.gov 701.328.5616 or TTY users may use Relay North Dakota at 711 or 800.366.6888.Notice to prospective employees that the Bank of North Dakota complies with the U.S. Dept. of Labor Family and Medical Leave Act (FMLA); and all information contained within, at www.dol.gov/whd/fmla.A credit, state and federal background check will be conducted on the final candidate.
Equal Employment Opportunity
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. Sect. 23-12-10.
Job Id
3029294