Credit Analyst III - Ag

First Interstate Bank; Omaha (NE); On-site; USD 68,000 - 105,000; Full time

Benefits offered by this job

Generous PTO

Student debt repayment

401(k) match

Job summary

First Interstate Bank in multiple U.S. locations is seeking a Credit Analyst III to evaluate complex AgriBusiness and commercial credits, supporting loan relationships with analytical rigor and sound judgment.

You will gather financial data, run projections, and prepare detailed analyses to inform credit decisions while mentoring junior analysts and ensuring compliance with policy and regulations.

Qualifications

• Proven ability to analyze financial statements and assess credit risk.
• Experience spreading historical and projection-based financials to evaluate cash flows.
• Knowledge of bank policies and federal regulations relevant to credit.
• Proficient in Microsoft Office Suite and related tools.

Responsibilities

• Read and interpret financial statements including tax returns, balance sheets, and P&L statements.
• Prepare and review financial spreads for various agri-business and CRE credits.
• Independently assess creditworthiness and determine risk ratings and credit structure recommendations.
• Develop comprehensive analysis reports with data visuals and narrative.
• Mentor junior analysts and support lending relationships.
• Ensure compliance with regulations and bank credit policy.

Skills

Analytical skills

Credit underwriting

Regulatory knowledge

MS Office

Education

Bachelor's degree in Business/Finance

HS diploma or GED

Tools

Financial spread software

Excel

Job description

This position may be located in Omaha, NE; Lincoln, NE; Boulder, CO; Fort Collins, CO; Greeley, CO; Rapid City SD; Sioux Falls, SD, or Des Moines, IA.

What’s Important to You

We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

• 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.

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 III is responsible for independently evaluating and underwriting complex AgriBusiness 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

COMPENSATION & BENEFITS

We offer a competitive total compensation package including base salary and benefits. The anticipated pay range for this position is $67,870 to $105,270 per year in CO and depends on a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills and experience, education, and geographic location. Additionally, this role is eligible to receive annual discretionary cash and stock bonuses.

• Benefits available for this position include, but are not limited to, medical, dental, vision, short-term and long-term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hours worked which equates to approximately 18 days per year inclusive of paid sick time) and up to 11 paid Federal holidays.

Please note this information is provided for those hired in Colorado and this role is open to candidates outside of Colorado with compensation that aligns with your location. For more information regarding our benefits, please visit https://www.firstinterstatebank.com/company/about/employee-benefits.php

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 by 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 at [e-mail]. 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