Credit Analyst

Nicolet National Bank•Iowa City, IA

About The Position

The Credit Analyst analyzes credit information related to commercial loans. The role prepares or assists in preparing credit reports for loan committee presentation, provides information in response to credit inquiries, conducts credit investigations, and supports Commercial Lenders as requested. The analyst works with lending officers to underwrite and evaluate business credit requests, monitors loans and collateral, and helps ensure compliance with the bank’s credit policies and applicable regulations.

Requirements

Bachelor’s degree in Finance, Business Administration, Accounting, or Economics, or equivalent work experience.
Ability to maintain strict confidentiality.
Strong organizational, multitasking, and prioritizing skills.
Strong analytical skills.
Strong work ethic.
Solid judgment and decision-making skills.
Effective verbal and written communication skills and strong interpersonal skills.

Responsibilities

Spread and interpret financial statements, including historical analysis and financial forecasting using Baker Hill Statement Analyzer software.
Analyze repayment cash flows and identify and evaluate cash flow and ratio trends.
Identify and evaluate business and industry risks, management, and collateral support.
Prepare credit write-ups for credit committee meetings.
Work with lending officers to ensure thorough underwriting and evaluation of business credit requests and compliance with the bank’s credit policy and lending regulations.
Complete real estate evaluations for loans secured by real estate.
Review commercial loans to ensure required documentation is obtained, executed, and on file.
Assist with loan review to ensure appropriate credit grading, including credit analysis and documentation review.
Assist in preparing monthly and quarterly loan reports for management and the Board of Directors.
Monitor accounts receivable and inventory loans for adequate collateral coverage.
Monitor borrower compliance with loan covenants and financial reporting requirements, and track and report results using the bank’s exception tracking systems.
Assist in monitoring loans for compliance with federal banking laws and regulations, regulatory guidelines, and the bank’s lending policy; identify non-compliance and monitor the correction of exceptions.
Conduct and develop research projects useful to the lending function.
Maintain credit files, including filing credit information and purging outdated information.
Maintain appropriate controls to ensure compliance with applicable laws and regulations and uphold Nicolet’s philosophy and policies.
Communicate the value of workplace diversity and work successfully with others, supporting equal employment opportunity, non-discrimination, inclusion, and respect for different perspectives.
Perform other duties as assigned.