Credit Analyst

Nicolet National Bank•Iowa City, IA

About The Position

At Nicolet National Bank, the Credit Analyst analyzes credit information related to commercial loans. The role prepares or assists with credit reports for loan committee presentations, responds to credit inquiries, conducts credit investigations, and supports Commercial Lenders. The analyst works with lending officers to underwrite and evaluate business credit requests and to ensure compliance with bank credit policy and lending regulations. The position also assists with loan review, reporting, monitoring, research, and credit-file maintenance.

Requirements

Bachelor’s degree in Finance, Business Administration, Accounting, or Economics, or equivalent work experience.
Knowledge of PCs, phone systems, and general office equipment.
Ability to maintain strict confidentiality.
Strong organizational, multitasking, and prioritizing skills.
Strong analytical skills.
Strong work ethic.
Sound 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 sources of repayment cash flow 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 on thorough underwriting and evaluation of business credit requests and compliance with 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, including credit analysis and documentation review, to support appropriate credit grading.
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.
Help monitor loans for compliance with federal banking laws and regulations, regulatory guidelines, and bank lending policy; identify non-compliance and monitor 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 and comply with applicable laws and regulations.
Support diversity, equal employment opportunity, and inclusion, and work respectfully with people from different backgrounds and perspectives.
Perform other duties as assigned.