Credit Analyst II- Munster

Peoples Bank; Munster (IN); On-site; USD 75,000 - 95,000; Full time

Job summary

Peoples Bank is seeking a Credit Analyst II in Munster, Indiana to join the Business Banking team. This role involves analyzing financial data for lending processes, risk management, and mentoring junior staff. The ideal candidate will have a strong background in finance, excellent analytical skills, and experience in credit analysis, ensuring efficient loan processing and risk evaluation.

Qualifications

• Bachelor's degree in related field required.
• Minimum two years of credit/lending experience necessary.
• Completion of corporate bank credit training preferred.

Responsibilities

• Analyze business plans and financial statuses for loans.
• Evaluate complex credits and identify key risk factors.
• Mentor junior analysts in financial interpretation.

Skills

Analytical skills

Interpersonal skills

Organizational skills

Written communication

Verbal communication

Education

Bachelor's degree in accounting, finance, or economics

Tools

Microsoft Office

Credit underwriting platform

Job description

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Job Summary

This position works in partnership with the Business Banking team and product partners to analyze, structure, risk rate, perform due diligence, document, and underwrite cash flow for credit exposures resulting from loans and other commercial banking products. The Senior Credit Analyst is also responsible for the on-going monitoring and risk management of an assigned portfolio. This role is required to develop a broad and deep understanding of the business, financial, and competitive risks faced by customers.

Job Summary

This position works in partnership with the Business Banking team and product partners to analyze, structure, risk rate, perform due diligence, document, and underwrite cash flow for credit exposures resulting from loans and other commercial banking products. The Senior Credit Analyst is also responsible for the on-going monitoring and risk management of an assigned portfolio. This role is required to develop a broad and deep understanding of the business, financial, and competitive risks faced by customers.

Duties And Responsibilities

• Analyzes applicant's business plan, financial status, loan repayment ability, net worth and earnings history for new, renewal and existing loans, identifies the risks of a credit, underwriting policy exceptions and assigns appropriate loan quality grades with approval of credit administration manager.
• Evaluates complex credits which include borrowers with multiple related entities, unique structures and large lending limits.
• Identifies the key risk factors and mitigants related to a specific transaction, as well as his/her assigned portfolio.
• Develops a well-informed and balanced view of the business, financial, and competitive risks faced by a company, sector, and industry.
• Interprets financial information, bank policies and prepares reports for the Business Bankers, Risk Management and other areas of the bank as needed and when required.
• Works independently with minimal assistance and provides support to the Credit Administration Manager, as needed.
• Mentors Credit Analysts and Credit Administrators in interpreting financial information, loan underwriting, risk assessment and training/development.
• Assists with the management of the credit underwriting platform including annual reviews, covenant testing, reporting, document management and financial tracking.
• Reviews appraisals and other third-party reports to assess collateral values and identify potential risks in a particular transaction.
• Maintains the commercial financial credit files with emphasis on the timely and accurate filing of financial data and due diligence items.
• Provides technical advice and assistance to Business Bankers, Chief Business Banking Officer, Loan Review personnel and other key positions, as assigned and needed.
• Participates in customer due diligence calls as necessary, attends client / bank meetings to develop a better understanding of the company, collateral and to assess management.
• Performs tasks and other duties as assigned, which are supportive in nature to the essential functions of the job but which may be altered or re-designed depending upon individual circumstances.
  
  

QUALIFICATIONS

• Bachelor's degree in related field (accounting/finance/economics) or equivalent work experience.
• Minimum two years of Commercial Real Estate and Commercial & Industrial credit/lending experience required.
• Completion of a major corporate bank credit training program preferred.
• Broad exposure to credit practices, including credit structuring helpful.
• Strong written, verbal, organizational, analytical and interpersonal skills necessary.
• Familiarity with financial institution's business banking procedures required.
• Must have computer software proficiency, particularly in Microsoft Office.
• Proficiency in a credit underwriting platform.
• Must be able to read, interpret and analyze credit information.
• Requires strong project management skills with the ability to prioritize and successfully handle multiple projects simultaneously.
  
  

About Us

For over a century, Peoples Bank has served as a cornerstone of customer commitment, helping our communities thrive and continuously supporting our community members. Proudly bearing the Finward name as a Finward Company, our logo symbolizes our unwavering dedication to financial excellence, advanced technology, and elevating the customer journey.

Headquartered in Munster, Indiana, Peoples Bank offers an extensive array of consumer, business, and wealth management solutions, alongside cutting-edge digital banking services. With 26 conveniently located Peoples Banking Centers spread across Northwest Indiana and Chicagoland, we uphold a tradition of delivering top-notch performance to our valued residents.

At Peoples Bank, we are driven by a passion for fostering success within our customer base and communities. Anchored in our core values of Stability, Integrity, Community, and Excellence, we are committed to building strong partnerships with our customers and communities to help them achieve financial success. Through innovative engagement and technology, we ensure an exceptional customer experience at every turn.

For more information on benefits visit the Careers page of our company website at https://www.ibankpeoples.com/resources/careers .

Peoples is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Equal Housing Lender/ Member FDIC

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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