Credit Analyst I

RiseMe; Marshall (MN); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Time Off & Holidays

401(k) with Employer Match

Employee Stock Ownership Plan (ESOP)

Job summary

First Independent Bank is seeking a Credit Analyst I in Minnesota to support sound lending decisions and customer relationships. You’ll analyze financial information, prepare presentations with loan officers, and contribute to annual reviews of designated loans in agricultural and commercial portfolios.

You’ll collaborate with lenders, research macroeconomic trends, and help ensure compliance with bank policies, delivering prompt, accurate service to internal teammates and customers alike.

Qualifications

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

Responsibilities

• Enter financial statements into analysis software and maintain knowledge of FINPACK, Suntell, and 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.
• Regularly research and analyze macroeconomic and sector-specific trends in the Agricultural and Commercial industries to evaluate borrower repayment capacity.
• Prepare credit approval analyses and internal evaluations for various loan types.
• Provide ongoing credit management support through quarterly and annual reviews and present findings.
• Work with lenders on larger and more complex lending relationships and meet customers to gather financial information.

Skills

Analytical thinking

Communication skills

Attention to detail

MS Office

Independent work

Education

AA/BA in Finance or Accounting

Tax return knowledge

High school diploma

Tools

FINPACK

Suntell

Excel

Job description

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.

Benefits

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

Equal Employment Opportunity

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.