Credit Analyst II

Jobtailor

Sioux Falls (SD)

On-site

USD 60,000 - 80,000

Full time

14 days+

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Benefits offered by this job

Generous Paid Time Off

Student debt employer repayment program

401(k) plan with a 6% match

Job summary

First Interstate in Sioux Falls seeks a Credit Analyst II to work closely with relationship managers in evaluating commercial credit information for both current and prospective clients. The position requires a Bachelor’s degree in Business or Finance, or equivalent banking experience. Responsibilities include analyzing financial statements and producing comprehensive reports on creditworthiness.

This role demands a strong analytical skill set and the ability to work efficiently in a fast-paced environment, ensuring compliance with federal regulations. Join us in fostering a community-focused environment.

Qualifications

Ability to develop and maintain relationships with stakeholders.
Self-motivated with strong credit risk decision skills.
Capacity to perform under pressure and adapt to changing priorities.

Responsibilities

Gather and evaluate commercial credit-related information.
Prepare written reports including financial analysis.
Ensure compliance with regulations and credit policies.

Skills

Strong organization and time management skills

Excellent written and verbal skills

Strong analytical and problem-solving skills

Proficiency with Microsoft Office Suite

Education

Bachelor's Degree in Business, Finance, or related field

7-9 years of banking experience

1-3 years experience in a similar position

Tools

Microsoft Excel

Financial spread software

Job description

This position can be located in Sioux Falls, SD; Aberdeen, SD or Rapid City, SD.

What’s Important to You

Generous Paid Time Off (PTO) in addition to paid federal holidays.
Student debt employer repayment program.
401(k) retirement plan with a 6% match.
The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.

SUMMARY

The Credit Analyst II collaborates with relationship managers in gathering and evaluating commercial credit related information on current and prospective customers by preparing written reports of analysis which include in-depth analysis of financial statements, historical and projection-based cash flow and ratio analysis, suggested credit structure, general industry analysis and identified risks.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reads, reviews, and understands various financial statements to include but not limited to; tax returns, balance sheets, profit and loss statements, agings, borrowing base certificates, debt schedules, equipment lists, credit bureau reports, rent rolls, lease agreements, and appraisals.
Prepares financial spreads for various types of commercial and real estate businesses, municipalities, non-profits, and individuals acting as direct obligation borrowers or guarantors.
Analyzes credit worthiness of commercial applicants and guarantors as appropriate by reviewing the loan application, spreading historical and projection based financial statements, calculating cash flows, leverage, and liquidity ratios, evaluating collateral, conducting research on the borrower(s) and key industries, and identifying risks.
Analyzes findings and authors a comprehensive report of analysis using a mix of data analysis (charts, formulas, graphs, etc.) and written narrative.
Evaluates credit quality and suggests proper risk rating based on analysis of most recent financial information.
Possesses proficiency relative to credit transactions and analytical skills sufficient to enable independent underwriting of commercial requests for streamlined to complex requests with limited guidance from immediate manager.
Ensures compliance to applicable regulations and keeps up-to-date with changes in federal regulations and FIB credit policy requirements.
Assists the Relationship Manager in the preparation of reports for quarterly monitoring of classified and criticized commercial relationships.
Completes financial performance metric covenant testing utilizing prepared financial spreads.
Participates in a quality control program that provides for the monthly review of general forms, spreads, and analysis with the provision of feedback and mentoring.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

KNOWLEDGE, SKILLS AND ABILITIES

Strong organization and time management skills.
Excellent written and verbal skills.
Able to develop and maintain internal and external relationships with individuals such as Relationship Managers, Credit Officers, and Risk Management Personnel.
Able to work in a fast-paced environment, set priorities, and establish and meet strict deadlines with the flexibility to adapt quickly to changing priorities.
Self‑motivated and possess the ability to assist with credit risk decisions.
Strong analytical and problem‑solving skills, as well as an attention to detail.
Able to prioritize and work with others in an integrated way to achieve individual objectives and team results with flexibility to adapt to changing volumes, requirements, and areas of focus.
Proficiency with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
Able to acclimate quickly to other programs.
Experience with financial spread software.

EDUCATION AND/OR EXPERIENCE

Bachelor's Degree in Business, Finance, or related field required or
7-9 years of banking experience and/or equivalent combination of education and experience required
1-3 years experience in a similar position required
Commercial banking experience preferred

PHYSICAL DEMANDS AND WORKING ENVIRONMENT

The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.