Credit Analyst I

First-Independent-Bank; Marshall (MN); On-site; USD 52,000 - 65,000; Full time

Benefits offered by this job

Health Insurance

Vision Insurance

Life & AD&D Insurance (Bank-Paid)

Voluntary Life & AD&D Insurance

Paid Time Off

Paid Holidays

401(k) with Employer Match

ESOP

Job summary

First Independent Bank in Marshall, MN is seeking a Credit Analyst I to support lending decisions by analyzing financial information and preparing credit presentations with loan officers for loan committees.

You will review borrower financial statements, perform risk assessments on agricultural and commercial requests, and contribute to annual reviews, while delivering prompt, accurate customer service.

Qualifications

• Minimum 1-3 years in a credit analyst, portfolio management, or similar banking role.
• AA or Bachelor's in Finance, Accounting, or related field; equivalent experience considered.
• Basic understanding of tax returns; strong interpretation preferred.
• High school diploma required.

Responsibilities

• Enter financial statements into financial analysis software (FINPACK, Suntell, Excel).
• Analyze financials for Agricultural and Commercial loan requests.
• Assist with risk assessment per bank standards and guidelines.
• Prepare credit approval analyses and internal reviews for loan committees.
• Present findings on borrower creditworthiness and support annual reviews.

Skills

Analytical skills

Problem solving

Communication skills

Attention to detail

Multitasking

Independent work

Education

AA or Bachelor's Degree in Finance/Accounting or related field

Tools

FINPACK

Suntell

Microsoft Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Credit Analyst I

Full Time Marshall, MN, US

Salary Range: $52,000.00 To $65,000.00 Annually

Credit Analyst I

Join a Community-Focused Bank Where Your Expertise Makes a Difference

At First Independent Bank, we're more than a place to work. We're a team that values relationships, collaboration, and helping our customers and communities thrive. As a Credit Analyst I, you'll play a key role in supporting sound lending decisions while partnering with lenders and customers.

If you enjoy analyzing financial information, solving problems, building trusted relationships, and being part of a team that genuinely cares about its customers and each other, we'd love to hear from you.

Primary Purpose

The Credit Analyst is responsible for analyzing and evaluating credit information, preparing credit presentations in collaboration with loan officers for submission to loan committees, and completing annual reviews on designated loans through the collection and analysis of customer financial information.

This position also supports our commitment to providing prompt, accurate, and exceptional customer service while promoting the products and services of First Independent Bank.

What You'll Do

Credit Analysis

• Enter financial statements and related information into financial analysis software and maintain a strong working knowledge of FINPACK, Suntell, and Microsoft Excel.
• Analyze financial information related to new and renewal Agricultural and Commercial loan requests.
• Assist with risk assessment for Agricultural and Commercial loan requests by conducting thorough credit analysis in accordance with bank standards and industry guidelines.
• Regularly research and analyze macroeconomic and sector-specific trends in the Agricultural and Commercial industries to accurately evaluate borrower repayment capacity and inform credit underwriting decisions.
• Prepare credit approval analysis, including evaluation of credit suitability within bank policy guidelines.
• Prepare and complete independent internal evaluations for Ag Real Estate, Ag Machinery, Commercial Real Estate, and Consumer Real Estate in accordance with bank policy and regulatory guidelines.
• Provide ongoing credit management support through quarterly and annual reviews, evaluating customer financial performance and overall financial condition.
• Present findings and recommendations regarding a customer's creditworthiness.
• Participate in ongoing and annual reviews of loans and commitments to:
  • Assign objective credit grades
  • Evaluate the adequacy of loan documentation
  • Identify existing or potential credit concerns
  • Ensure compliance with bank policies
  • Prepare written review reports
• Work alongside Lenders on larger and more complex lending relationships.
• Meet with customers as needed to gather financial information and better understand their business operations.

Teamwork & Customer Service

• Collaborate with lending and credit teams to support quality credit decisions and exceptional customer experiences.
• Build positive working relationships with colleagues and customers through professionalism, responsiveness, and attention to detail.
• Help promote the bank's products and services by understanding customer needs and delivering personalized support.

What We're Looking For

Education & Experience

• Minimum of 1-3 years of experience in a credit analyst, portfolio management, or similar banking position.
• Associate's Degree (AA) or Bachelor's Degree in Finance, Accounting, or a related field preferred; equivalent experience will be considered.
• Basic understanding of tax returns required; strong knowledge and interpretation of tax returns preferred.
• High school diploma or equivalent required.

Skills & Qualifications

• Strong analytical and problem-solving abilities.
• Excellent written and verbal communication skills.
• Attention to detail and the ability to manage multiple priorities.
• Proficiency in Microsoft Office and Microsoft Windows applications.
• Ability to work independently while contributing to a collaborative team environment.

Why First Independent Bank?

We believe that great banking starts with great people. That's why we invest in our employees by offering meaningful work, supportive leadership, opportunities for growth, and a culture built on respect, integrity, and teamwork.

• Health Insurance
• Vision Insurance
• Bank-Paid Basic Life, AD&D, and Long-Term Disability Insurance
• Voluntary Life & AD&D Insurance
• Paid Time Off
• Paid Holidays
• 401(k) with Employer Match
• Employee Stock Ownership Plan (ESOP)

First Independent Bank is an EEO/AA employer. All qualified applicants will be considered for employment without regard to race, religion, color, sex, national origin, age, disability, veteran status, or any other characteristic protected by local, state, or federal law. Member FDIC.