Credit Analyst III

First Interstate

Credit Analyst III underwriting commercial credit requests for First Interstate Bank. Analyzing financial statements, cash flow, collateral, risk ratings, and portfolio performance.

Posted 8/20/2026full-timeSioux Falls • South Dakota • 🇺🇸 United StatesMid-LevelSeniorWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in commercial credit analysis, financial statement evaluation, and risk assessment while effectively collaborating with relationship managers. Proficient in preparing comprehensive credit reports and mentoring junior analysts to enhance their credit acumen.

Highest-signal resume keywords

Commercial Credit AnalysisFinancial Statement EvaluationRisk AssessmentFinancial Spread SoftwareBanking Experience

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Credit AnalysisFinancial SpreadsCash Flow AnalysisRatio AnalysisCollateral EvaluationUnderwritingCredit Quality EvaluationCovenant TestingData AnalysisReport Writing

Soft Skills

Strong Organization SkillsTime ManagementExcellent Written SkillsExcellent Verbal SkillsAnalytical Problem-Solving

Tools & Technologies

Microsoft Office SuiteFinancial Spread Software

Industry Keywords

Commercial BankingCredit PoliciesRisk RatingsPortfolio ManagementLoan Structuring

About the role

Key responsibilities & impact

Collaborate with relationship managers to gather and evaluate commercial credit information for current and prospective customers
Prepare written credit analysis reports including financial statement, cash flow, ratio, industry, credit structure, and risk analysis
Review 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
Prepare financial spreads for commercial and real estate businesses, municipalities, non-profits, and individuals acting as borrowers or guarantors
Analyze creditworthiness, cash flows, leverage, liquidity ratios, collateral, borrower research, industry conditions, and risks
Author comprehensive reports using charts, formulas, graphs, data analysis, and written narrative
Evaluate credit quality and suggest appropriate risk ratings
Independently underwrite streamlined to complex commercial credit requests with limited manager guidance
Ensure compliance with applicable regulations and First Interstate Bank credit policies
Assist relationship managers with quarterly monitoring reports for classified and criticized commercial relationships
Complete financial performance metric covenant testing
Manage portfolios as assigned
Participate in monthly quality control reviews and provide feedback and mentoring
Develop training materials and assist with training delivery
Mentor lower-level analysts and support their credit acumen development
Serve as a resource to relationship managers and analysts on loan policy, loan structuring, and underwriting recommendations

Requirements

What you’ll need

Bachelor's Degree in Business, Finance, or related field required
7-9 years of banking experience and/or equivalent combination of education and experience required
4-6 years experience in a similar position required
Experience with financial spread software required
Commercial banking experience preferred
Strong organization and time management skills
Excellent written and verbal skills
Ability to develop and maintain internal and external relationships
Ability to work in a fast-paced environment, set priorities, meet strict deadlines, and adapt to changing priorities
Strong analytical and problem-solving skills and attention to detail
Proficiency with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint
Ability to acclimate quickly to other programs
Regular and predictable attendance required
Must pass pre-employment screenings including a background check
Must verify identity and employment eligibility through E-Verify

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
Reasonable accommodations for qualified individuals with disabilities
Equal opportunity employment and barrier-free employment process