Credit Analyst

Independent-Bank; Memphis (TN); On-site; USD 55,000 - 75,000; Full time

Job summary

Independent-Bank is seeking a Credit Analyst to collaborate with Commercial Lenders and Business Bankers to serve commercial clients. You will manage existing relationships and help bring in new ones, supporting loan approvals through thorough credit analysis.

The role emphasizes financial analysis, narrative credit reports, covenant review, and participation in visits to strengthen understanding of client needs and credit processes.

Qualifications

• Bachelor’s degree in business, Business Administration, Finance or Accounting is required.
• Knowledge and experience in banking, financial analysis, or a related field is required.
• Working understanding of accounting concepts and how they apply to businesses is required.

Responsibilities

• Analyzing financial reports, business plans, projections, and industry reports to understand customer/prospect creditworthiness.
• Preparing written narratives describing borrowers’ current financial condition and future outlook.
• Assisting lenders with daily credit monitoring tasks and monthly credit review.
• Reviewing covenant compliance for all commercial borrowers.
• Completing annual reviews on borrowing customers and reviewing ACH/ETL limits.
• Reviewing credit proposals for loan committee for accuracy and for continuing education.
• Participating in credit training opportunities.
• Accompanying lenders on customer/prospect visits to improve credit analysis understanding and to learn business development techniques.

Skills

Banking knowledge

Financial analysis

Accounting concepts

Education

Bachelor's degree in business/finance/accounting

Tools

MS Word

Excel

PowerPoint

Job description

Description

JOB SUMMARY:

The Credit Analyst works with our Commercial Lenders and Business Bankers to serve the needs of our commercial clients. This individual will work with our Commercial Lenders to manage existing commercial clients and develop new relationships. A key part of the Commercial Lending Team, the credit analyst helps usher loan requests through the approval process.

PRIMARY DUTIES:

1. Analyzing financial reports, business plans, projections, and industry reports to understand customer/prospect creditworthiness.
2. Preparing written narratives describing borrowers’ current financial condition and future outlook.
3. Assisting lenders with daily credit monitoring tasks and monthly credit review.
4. Reviewing covenant compliance for all commercial borrowers.
5. Completing annual reviews on borrowing customers and reviewing ACH/ETL limits.
6. Reviewing credit proposals for loan committee for accuracy and for continuing education.
7. Participating in credit training opportunities.
8. Accompanying lenders on customer/prospect visits to improve credit analysis understanding and to learn business development techniques.

SKILLS REQUIRED:

• Bachelor’s degree in business, Business Administration, Finance or Accounting is required.
• Knowledge and experience in banking, financial analysis, or a related field is required.
• Working understanding of accounting concepts and how they apply to businesses is required.

PREFERRED QUALIFICATIONS:

• 1-3 years of financial analysis or banking is preferred.
• Confidence and competency in oral and written presentation is preferred.
• A quick learner with the ability to self-direct on important tasks with little to no direction is preferred.
• Excellent computer skills including, MS Word, Excel, and PowerPoint.

This position is NOT remote and requires the employee to work onsite.