Credit Analyst

Midstates Bank; Council Bluffs (IA); On-site; USD 55,000 - 75,000; Full time

Job summary

Midstates Bank in Council Bluffs, IA seeks a Credit Analyst to provide administrative loan support for Commercial Loan Officers and to assist with credit analysis for Commercial, Ag, and Consumer clients. The role emphasizes financial analysis, memo preparation for loan committees, collaboration with branches, and adherence to loan policies while supporting business development and community engagement.

Strong communication, analytical and computer skills are essential; experience with Web

Qualifications

• 2-year college degree in business administration or related discipline.
• Accounting or bookkeeping experience and knowledge of financial statements and cashflows.
• Strong communication, analytical and interpersonal skills; team oriented.

Responsibilities

• Prepares financial analysis through Web Equity for Commercial and Ag clients and writes credit memoranda for loan committees.
• Assists other branches with credit analysis coverage as needed.
• Maintains understanding of Loan Policy and writes memoranda accordingly.
• Advises Commercial and Ag clients on business finance matters.
• Supports business development with loan officers and joint sales calls.
• Supports collections on troubled loans including inspections and modifications.
• Assists Loan Administrator to ensure complete files and timely loan closings.
• Participates in civic activities to promote growth and a positive bank image.
• Other duties as assigned.

Skills

Communication

Analytical skills

Interpersonal skills

Team orientation

Credit analysis

Education

2-year college degree in Business Administration or related discipline

Tools

Web Equity

Microsoft Office

Job description

Job Location:

This position is fully onsite at our Council Bluffs, Iowa location.

Job Purpose:

The primary role of the Credit Analyst is to provide administrative loan support for Commercial Loan Officers. In addition, this position will provide financial services to Commercial, Ag and Consumer clients. This position will perform assigned duties in accordance with Midstates Bank's Core Values and will adhere to Quality Service Standards.

Essential Functions:

• Prepares financial analysis through Web Equity software program on Commercial and Ag clients and make recommendations to lenders. This will include preparing credit memorandum write-ups on loan credits to be presented to loan committees.
• Assists other branches with credit analysis coverage as needed.
• Maintains a full understanding of Midstates Bank Loan Policy and credit culture. Prepares credit memorandum write-ups in accordance with Loan Policy.
• Provides financial services to Commercial and Ag clients. Advises clients, where possible, concerning business management and financial matters.
• Supports business development efforts including joint sales calls with loan officers.
• Supports collection efforts on trouble loans including inspections of properties, client consultations, loan modifications, etc.
• Assists Loan Administrator in performing their function when necessary to ensure files are complete, documentation is accurate, and loan closings happen as scheduled.
• Participates in civic activities to promote growth and development of the community and a positive image for the bank.
• Other duties as assigned.

Skills/Qualifications:

Strong communication and analytical skills; strong computer skills including Web Equity and Microsoft Office products; good interpersonal skills and team orientation.

Education:

2-Year College Degree in Business Administration or related discipline or equivalent combination of course work and work experience.

Experience:

Accounting or bookkeeping experience in formation of financial statements and cashflows. Previous bank experience preferred.