Credit Analyst II

First Interstate

Credit Analyst II collaborating with relationship managers to evaluate commercial credit information. Preparing analysis reports and assessing credit worthiness for prospective borrowers.

Posted 6/18/2026full-timeSioux Falls • South Dakota • 🇺🇸 United StatesMid-LevelSeniorWebsite

About the role

Key responsibilities & impact

Collaborates with relationship managers in gathering and evaluating commercial credit related information on current and prospective customers by preparing written reports of analysis which include in-depth analysis of financial statements, historical and projection-based cash flow and ratio analysis, suggested credit structure, general industry analysis and identified risks.
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.
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.
Evaluates credit quality and suggests proper risk rating based on analysis of most recent financial information.
Ensures compliance to applicable regulations and keeps up-to-date with changes in federal regulations and FIB credit policy requirements.

Requirements

What you’ll need

Bachelor's Degree in Business, Finance, or related field required or 7-9 years of banking experience and/or equivalent combination of education and experience required
1-3 years experience in a similar position required
Commercial banking experience preferred
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.
Proficiency with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
Able to acclimate quickly to other programs.
Experience with financial spread software.

Benefits

Comp & perks

Generous Paid Time Off (PTO) in addition to paid federal holidays.
Student debt employer repayment program.
401(k) retirement plan with a 6% match.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial analysiscredit analysiscash flow analysisratio analysisrisk assessmentfinancial statement analysiscredit worthiness evaluationdata analysisfinancial spreadingregulatory compliance

Soft Skills

organizationtime managementwritten communicationverbal communicationrelationship managementadaptabilityself-motivationanalytical skillsproblem-solvingattention to detail