Credit Analyst

Nicolet National Bank; Traverse City (MI); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

401(k) with 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 and prepare reports for loan committee. This developmental role leads toward a Commercial Banker path.

You will work with lending officers, assist in underwriting, and help maintain credit files in a compliant environment, supporting the bank’s policy and regulatory requirements.

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.
• 401(k) with a company match
• PTO & 11 1/2 Paid Holidays

Responsibilities

• Spread and interpret financial statements, analyze cash flow and forecast trends.
• Prepare credit write-ups for presentation at credit committee meetings.
• Complete real estate evaluations for real estate loans.
• Review commercial loans for proper documentation and filing.
• Assist with Loan Review for credit grading and documentation review.
• Prepare monthly and quarterly loan reports for management and the Board.
• Monitor accounts receivable and inventory loans for collateral coverage and covenants.
• Ensure compliance with federal banking laws, regulations and bank policy.
• Conduct research projects useful to lending functions.
• Maintain credit files and purge outdated information.
• Uphold policies and compliance with laws and regulations.
• Support diversity and inclusion initiatives.
• Perform other duties as assigned.

Skills

Analytical skills

Communication skills

Confidentiality

Organizational skills

Multi-tasking

Attention to detail

Education

Bachelor’s degree in Finance, Business Admin, Accounting or Economics or equivalent

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.
• 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