Credit Analyst

Socket.dev; Traverse City (MI); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical, Dental, Vision, & Life Insure

401(k) with a company match

PTO &11 1/2 Paid Holidays

Job summary

Nicolet National Bank is seeking a Credit Analyst to analyze credit information for commercial loans, prepare reports for the loan committee, and support Commercial Lenders. This developmental role aims to lead into a Commercial Banker position, fostering growth within a community-focused bank with locations across several states.

You will evaluate cash flows, assist with documentation, loan reviews, and ongoing compliance, delivering accurate credit assessments to help manage risk and serve

Qualifications

• Bachelor's degree in Finance, Business Administration, Accounting, or Economics.
• Ability to maintain strict confidentiality.
• Strong analytical and financial forecasting skills.
• Excellent written and verbal communication.
• Strong judgment and decision-making.

Responsibilities

• Spread and interpret financial statements and forecast cash flows.
• Prepare credit write-ups for loan committee.
• Complete real estate evaluations for real estate loans.
• Review commercial loans for proper documentation.
• Assist with loan reviews and credit grading.
• Prepare monthly and quarterly loan reports for management and board.
• Monitor collateral coverage and covenant compliance.
• Ensure compliance with banking laws and lending policies.

Skills

Analytical skills

Organizational skills

Multitasking

Written and verbal communication

Interpersonal skills

Confidentiality

Education

Bachelor's degree or equivalent in Finance/Business/Accounting/Economics

Tools

Baker Hill Statement Analyzer

Job description

At Nicolet National Bank, our culture is based on the principles of community banking, putting the needs of our customers at the forefront of our decision-making. Our Core Values drive everything we do, and we are committed to serving our customers with excellence. We believe that every job in our organization is critical to our success, and we are dedicated to creating a work environment where our employees feel valued, respected, and supported. With locations in Wisconsin, Michigan, Minnesota, Iowa, and Florida we are proud to service our local communities and make a positive impact on the lives of our customers. At Nicolet National Bank, we believe that our people are our most valuable asset, and we are committed to investing in their growth and development.

The Credit Analyst is responsible for analyzing credit information pertaining to commercial loans. The Credit Analyst prepares or assists in the preparation of credit reports for presentation to loan committee, furnishes information in relation to credit inquiries, conducts credit investigations, and provides assistance to the Commercial Lenders as requested. This is a developmental role designed to lead into a Commercial Banker role.

As a Credit Analyst, you will:

• Spread and make interpretive analysis of financial statements, to include historical analysis and financial forecasting using the Baker Hill Statement Analyzer software; Analyze sources of cash flow used for repayment and identify and evaluate cash flow and ratio trends; Identify and evaluate business and industry risks, management and collateral support.
• Prepare credit write-ups for presentation at credit committee meetings. Work closely with lending officers to ensure thorough underwriting and evaluation of business credit requests and ensure compliance with the bank's credit policy and lending regulations.
• Complete real estate evaluations for loans secured by real estate.
• Review commercial loans granted to ensure proper documentation is obtained, executed, and on file.
• Assist with the Loan Review function to ensure appropriate credit grading, including but not limited to credit analysis and documentation review.
• Assist in the preparation of monthly and quarterly loan reports for use by management and the Board of Directors.
• Monitor accounts receivable and inventory loans for adequate collateral coverage; monitor borrower compliance with loan covenants and financial reporting requirements; track and report results using the bank's exception tracking systems.
• Assist in monitoring loans for compliance with federal banking laws and regulations, regulatory guidelines, and the bank's lending policy; Identify non-compliance and monitor for correction of exceptions.
• Conduct and develop research projects useful to the lending function.
• Assist in the ongoing maintenance of all credit files, including filing of credit information and the purging of outdated information that is no longer needed in the credit files.
• Uphold Nicolet's philosophy and policies by maintaining appropriate controls to ensure full compliance with applicable laws and regulations, thereby fulfilling legal responsibilities and enhancing the quality of services provided by Nicolet.
• Understand and communicate the value of diversity within the workplace and to work successfully with others without regard to age, gender, race, sexual orientation, ethnicity, culture, religion, disability status, socioeconomic status, or other non-job-related classification, including a commitment to Nicolet's policies on equal employment opportunities and non-discrimination with a willingness to pursue efforts of inclusion and respect toward different perspectives.
• Performs all other duties as assigned.

Qualifications

• Bachelor's degree in Finance, Business Administration, Accounting or Economics or equivalent work experience.
• PC, phone system, general office equipment.
• Ability to maintain strict confidentiality.
• Strong organizational, multi-tasking and prioritizing skills.
• Strong analytical skills.
• Strong work ethic.
• Solid judgment and decision-making skills.
• Effective verbal and written communication skills and strong interpersonal skills.

Benefits

• Medical, Dental, Vision, & Life Insurance
• 401(k) with a company match
• PTO &11 1/2 Paid Holidays

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities and skills required for the position.

Equal Opportunity Employer/Veterans/Disabled