Credit Analyst III

Bank-Iowa-1; West Des Moines (IA); On-site; USD 75,000 - 105,000; Full time

Benefits offered by this job

Competitive pay

Bonus opportunity

401k match

Profit sharing

Health insurance

Paid holidays

Parental leave

Tuition reimbursement

Job summary

Bank Iowa in West Des Moines, IA, is seeking a Credit Analyst to analyze loan requests, establish submission standards, and manage the commercial loan workflow bank-wide, typically handling large commitments.

You will evaluate financial statements, prepare credit presentations, determine risk ratings, and guide loan officers on covenants and monitoring, while upholding confidentiality and high-quality client service.

Qualifications

• Bachelor’s degree in finance, accounting, or related major.
• 4–6 years’ experience as a Commercial Credit Analyst or similar role.
• Experience using Moody’s Lending Cloud and strong MS Office skills.

Responsibilities

• Analyze commercial loan requests and determine risk and structure.
• Prepare credit presentations and document policy exceptions.
• Maintain submission standards and bank-wide underwriting queue.
• Spread and analyze client financials and assess trends.
• Provide guidance to loan officers on covenants and monitoring.

Skills

Commercial Credit Analysis

Moody's Lending Cloud

Financial Analysis

Communication Skills

Microsoft Office

Education

Bachelor’s degree in finance or accounting

Tools

Moody's Lending Cloud

Microsoft Excel

PowerPoint

Job description

Description

What You’ll Be Doing

As a Credit Analyst at Bank Iowa, you will analyze loan requests, establish standards and manage submission and completion process for commercial loan requests bank-wide, generally in excess of $500M of total commitments. This role analyzes complex commercial loan requests, identifying strengths and weaknesses, providing recommendations for both loan structure and monitoring, and noting any deviations from loan policy, as appropriate. Also reports on on-going status of submissions in commercial credit request queue.

Core Responsibilities

• Develops and maintains submission standards to commercial credit underwriting department.
• Maintains bank-wide commercial credit underwriting queue, ensuring timely completion of all requests
• Reads and comprehends complex accounting and financial transactions necessary in the analysis of commercial credit requests
• Evaluates and spreads client financial information within Lending Cloud, the bank’s analytical and spreading platform
• Analyzes and comments on client financial information as it relates to performance, efficiency, and trends of the following: Balance sheets, income statements, tax returns and supplemental schedules, such as accounts receivable agings, accounts payable agings, rent rolls, and other common accounting information.
• Calculates risk ratings based on available financial information
• Provides recommendations for industry standard loan covenants, tracking mechanisms, reporting quality and frequency based on available information.
• Prepares credit presentations for commercial credit requests which serve as the basis for bank-wide approval processes.
• Documents known exceptions to loan policy within credit presentations.
• Has access to confidential information relating to customers and accounts.
• Protects the privacy and confidentiality of customers, other employees, and work.
• Responsible for respectful and constructive interaction with both internal clients (loan officer staff) and possibly external clients at the direction of loan officer staff.
• Provides guidance and recommendations to loan officer staff in a professional manner consistent with high-quality client service standards.
• Provides guidance and personal development feedback for credit analyst staff as a mentor and trainer.
• Interacts with a variety of professionals and represents the bank in interactions with bank clients and other professionals.

This is a full-time position and typical work hours and days are Monday through Friday 8:00 AM to 5:00 PM.

Requirements

Skills/Experience You’ll Need

• Bachelor’s degree in finance, accounting, or other applicable majors.
• 4-6 years' experience as a Commercial Credit Analyst, or comparable role.
• Ideal candidates will have experience using Moody’s Lending Cloud, have excellent verbal, written and interpersonal communication skills, show strong financial and analytical skills, and have proficiency with Microsoft Office applications.

What you’ll love about us

Our team members love working here, and the prevailing reason is this: our people. In addition to the great team you will be a part of, here are some of the other reasons why our team members love working here:

• A competitive financial package we want you to bring your best so in addition to your compensation, every team member receives a bonus opportunity, a generous 401k match, and discretionary profit sharing.
• Robust benefits and wellness - we are proud to offer health, dental and vision insurance as well as a wellness program designed to help drive down your premiums for benefits-eligible team members. Our wellness initiatives promote positive change and allow our team members to think big.
• Blending work and life - As a people-centered organization, each team member is provided a generous PTO bank. Bank Iowa team members receive 11 paid observed holidays, 100% paid parental leave, an opportunity for sabbatical leave, generous bereavement, and an employee assistance program designed to support team members throughout various stages in their lives.
• Continued learning opportunities - Bank Iowa enables great things and supports team member development at every stage of your career. Our development approach focuses on your innate talents and developing those into areas of strengths. Learning experiences are available in formal & informal training settings, as well as, on-the-job training. Development programs are available in-person and online. Our tuition reimbursement program is available to support formal education programs.
• Community Involvement - Our team members are active members of their communities and people-centered. Bank Iowa aspires to be a center of influence in each of the 22 communities we are located in. In addition to company-sponsored volunteer opportunities, we offer paid volunteer time off (VTO), which allows team members to give their time to organizations they care about, without having to use PTO.
• Recognition - Bank Iowa is proud of our team members who Live our Values. Our peer nominated recognition program presented annually, recognizes and celebrates team members who exemplified our values from the past year.

Our People-Centered Culture

At Bank Iowa our purpose is to Empower People, Inspire Success and Foster Growth. Bank Iowa is one of the leading independent Ag banks and the second-largest family-owned bank in the state of Iowa. Our bank family consists of team members and clients throughout Iowa who we serve in our 22 communities.

At Bank Iowa, we’re proud to put people first, and we value our team members as much as our clients. We support team member development by focusing on their innate talents and developing those into areas of strength. We offer an environment where people care about each other like family. If you’re looking for a career with colleagues who have the opportunity to bring their best, think big, and enable great things, Bank Iowa is the place for you.

Bank Iowa is an equal opportunity employer with a passion for creating an inclusive environment where all people are truly welcomed, valued and respected – for all of who they are – regardless of differences. All applicants will be considered for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.