Credit Analyst

Independent Bank • Traverse City, MI

267d

About The Position

Independent Bank is on the lookout for a diligent Commercial Loan Credit Analyst to join our thriving team. Reporting to the VP/FVP Commercial Credit Officer, your primary role will be to perform comprehensive commercial loan credit analysis. You'll prepare detailed credit analyses and loan proposals, spread financial statements, and conduct thorough credit reviews. Your keen analytical skills will help determine cash flow, debt service ability, balance sheet strength, and collateral coverage. You'll review loan structures, assign credit risk ratings, and join officers on customer calls. Additionally, you'll assist in compiling monthly, quarterly, and annual financial reports. Help to inspire financial independence today, with tomorrow in mind at Independent Bank!

Requirements

• Bachelor's degree in Accounting, Business, Finance or equivalent years of working experience
• 2+ years commercial credit analyst experience preferred
• Excellent interpersonal, presentation and communication skills
• Must be conversant with (at least) intermediate level accounting (cash/accrual basis, cost, and contractor)
• Lending experience helpful

Responsibilities

• Spreading financial statements for borrowers, co-borrowers, guarantors, and others as requested
• Performing and reviewing credit inquiries
• Using independent judgment to analyze financial information in order to determine: Sufficiency of cash flow, Debt service ability, Collateral adequacy, and Borrower risk rating
• Reviewing/recommending loan structures consistent with bank policies and guidelines
• Preparing credit analysis and loan proposals that assist in the prudent granting of credit
• Performing trend analysis on financial reports of borrowers to evaluate their ongoing credit-worthiness
• Accompanying lenders on customer contact calls
• Performing other related duties as assigned

Benefits

• Comprehensive total rewards package
• Exposure to different areas of banking and the ability to work with leaders within the industry
• Community-focused events and volunteer opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree