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Nicolet National Bank · 1 day ago

Credit Analyst

Traverse City, MI

Full-time

Onsite

New Grad, Entry Level

Nicolet National Bank is committed to community banking and serving their customers with excellence. The Credit Analyst is responsible for analyzing credit information related to commercial loans and preparing credit reports for loan committees, while also assisting Commercial Lenders as needed.

BankingFinanceFinancial Services

Responsibilities

Spread and make interpretive analysis of financial statements, to include historical analysis and financial forecasting using the Baker Hill Statement Analyzer software; Analyze sources of cash flow used for repayment 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 presentation at credit committee meetings. Work closely with lending officers to ensure thorough underwriting and evaluation of business credit requests and ensure compliance with the bank’s credit policy and lending regulations

Complete real estate evaluations for loans secured by real estate

Review commercial loans granted to ensure proper documentation is obtained, executed, and on file

Assist with the Loan Review function to ensure appropriate credit grading, including but not limited to credit analysis and documentation review

Assist in the preparation of monthly and quarterly loan reports for use by 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; 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 for correction of exceptions

Conduct and develop research projects useful to the lending function

Assist in the ongoing maintenance of all credit files, including filing of credit information and the purging of outdated information that is no longer needed in the credit files

Uphold Nicolet’s philosophy and policies by maintaining appropriate controls to ensure full compliance with applicable laws and regulations, thereby fulfilling legal responsibilities and enhancing the quality of services provided by Nicolet

Understand and communicate the value of diversity within the workplace and to work successfully with others without regard to age, gender, race, sexual orientation, ethnicity, culture, religion, disability status, socioeconomic status, or other non-job-related classification, including a commitment to Nicolet’s policies on equal employment opportunities and non-discrimination with a willingness to pursue efforts of inclusion and respect toward different perspectives

Performs all other duties as assigned

Qualification

Financial analysisCredit analysisBaker Hill Statement AnalyzerLoan documentation reviewReal estate evaluationsResearch skillsCompliance knowledgeTeam collaborationCommunication skills