Credit Analyst III

First Interstate Bank; Sioux Falls (SD); Hybride; USD 75 000 - 105 000; Plein temps

Résumé du poste

First Interstate Bank in Sioux Falls seeks a Credit Analyst III to independently evaluate and underwrite complex commercial credits, including CRE, C&I, and hospitality. You will gather financial statements, project cash flows, and collateral details to support lending decisions.

Working with Commercial Relationship Managers, you will assess risk, assign risk ratings, and prepare detailed reports. The role also mentors junior analysts and contributes to policy compliance and training initiatives.

Qualifications

• Strong analytical and problem-solving abilities with attention to detail.
• Bachelor's degree in Business, Finance, or related field is preferred.
• 7–9 years of banking experience and experience with financial spreads preferred.

Responsabilités

• Reads financial statements and prepares financial spreads for various commercial entities.
• Independently analyzes credit worthiness and reviews loan applications and projections.
• Assigns risk ratings and develops recommendations for credit approval or modification.
• Prepares comprehensive analysis reports combining data visuals and narrative.
• Mentors Credit Analysts I and II and supports training initiatives.

Connaissances

Credit analysis

Financial analysis

Cash flow analysis

Risk assessment

Underwriting

MS Office

Communication

Formation

Bachelor's degree in Business/Finance

Outils

Credit spread software

Excel

Banking systems

Description du poste

SUMMARY

The Credit Analyst III is responsible for independently evaluating and underwriting complex commercial credits including Commercial Real Estate (CRE), Commercial and Industrial (C&I), Hospitality, Municipalities and a variety of other commercial credit types. This role involves gathering, analyzing, and interpreting personal and business financial statements, projections, and internal/external reports to assess creditworthiness, repayment capacity, and compliance with bank policies and federal regulations. Working in an independent capacity, this position partners closely with Commercial Relationship Managers to support new and existing loan relationships, emphasizing credit quality, risk mitigation, and portfolio performance. The Credit Analyst III exercises discretion and independent judgement with respect to evaluating credit risk, determining appropriate risk ratings, recommending credit structures, identifying policy exceptions, and advising management on credit-related business decisions. The role will also assist with the training, mentoring, and work review of Credit Analysts I and II.

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.

Independently 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.

Exercises discretion and independent judgement in identifying, evaluating, and mitigating credit risk.

Determines appropriate risk ratings and develops recommendations regarding credit approval, modification, renewal, or denial.

Possesses proficiency relative to credit transactions and analytical skills sufficient to enable independent underwriting and evaluation of commercial requests for streamlined to complex requests with limited guidance from immediate manager.

Performs special projects related to credit administration, portfolio management, and regulatory compliance.

Ensures compliance to applicable regulations and keeps up to date with changes in federal regulations and FIB credit policy requirements.

Serves as an Anchor Analyst in the bank’s mentorship program, mentoring and developing junior analysts, sharing specialized credit expertise, and influencing underwriting quality and consistency throughout the organization.

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.

Portfolio management as assigned.

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.

Participates in the production and development of training materials and assists with the delivery of training through various channels.

Partakes in a mentorship program with lower-level analysts to assist in guidance and the overall development of credit acumen.

Acts as a resource for Relationship Managers and other analysts for questions relating to Loan Policy, loan structuring, and underwriting recommendations.

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.
• Possesses proficiency relative to credit transactions and analytical skills sufficient to enable underwriting of commercial requests for streamlined to complex requests, with limited guidance from immediate manager.
• Ability to make independent assessments and provide support for credit actions based on analysis and interpretation of Credit Policy.
• Proficient with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
• Able to acclimate quickly to other programs.

EDUCATION AND/OR EXPERIENCE

High School Diploma or General Education Degree (GED) required

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

7-9 years of banking experience and/or equivalent combination of education and experience required and Experience with financial spread software required and 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.

Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently Sitting - Frequently Standing - Occasionally Noise Level - Moderate Typical Work Hours - M-F (8-5) Regular and Predictable Attendance - Required

EEO STATEMENT

First Interstate Bank is an equal opportunity employer committed to a diverse workforce and a barrier-free employment process. Employment is based solely on an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition or any other characteristics protected under law.

We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws. In order to ensure reasonable accommodations for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Era Veterans' Readjustment Assistance Act of 1974, and Title I of the Americans with Disabilities Act of 1990, as amended, individuals that require accommodation in the job application process for a posted position may contact us Monday through Friday, 8 am to 5 pm MST.

All applicants must pass pre-employment screenings including a background check.

First Interstate BancSystem participates in E-Verify which will require new employees to verify their identity and employment eligibility through the internet-based system operated by the Social Security Administration (SSA) and the Department of Homeland Security (DHS). E-Verify Notice English or Spanish Right to Work Notice English or Spanish