Credit Analyst - 6055

Midstates Bank; Le Mars (IA); On-site; USD 50,000 - 70,000; Full time

Job summary

Midstates Bank is seeking a Credit Analyst in Le Mars, Iowa, to provide essential administrative loan support for Commercial and Ag Loan Officers. This role involves financial analysis, client advisement, and supporting loan-related collections.

The ideal candidate will possess strong communication and analytical skills, a 2-Year college degree in Business Administration or similar, and proficiency in both Web Equity and Microsoft Office.

Join us in fostering community growth while upholding Midstates Bank's Core Values and Service Standards.

Qualifications

• Strong computer skills including Web Equity and Microsoft Office products.
• 2-Year college degree in Business Administration or related discipline, or equivalent experience.
• Accounting or bookkeeping experience forming financial statements and cashflows.

Responsibilities

• Prepares financial analysis on Ag / Commercial clients and makes recommendations.
• Assists other branches with credit analysis coverage.
• Maintains understanding of Midstates Bank Loan Policy and credit culture.
• Provides financial services and advises clients on business management.
• Supports business development efforts and collection on troubled loans.

Skills

Strong communication and analytical skills

Strong computer skills including Web Equity and Microsoft Office

Good interpersonal skills

Team orientation

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 Le Mars, Iowa location.

Job Purpose

The primary role of the Credit Analyst is to provide administrative loan support for Commercial / Ag 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 Ag / Commercial 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, specifically Kingsley and Sergeant Bluff, 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 Ag/Commercial 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.