Credit Operations Analyst - Hybrid

Don't let our name scare you, we are not your average bank.
With nearly a century of service, FHLBI is one of 11 independent regional cooperative banks across the U.S. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. As a cooperative, we are dedicated to strengthening communities throughout our region.
But enough about us, let's talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?
If you've said yes to these questions, then we might be a match!
Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!
• Tuition reimbursement assistance: To help you continue to develop personally and professionally.
• Student loan repayment assistance: That's right, we will help you repay outstanding student loans!
• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
• "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Purpose:
Perform credit analysis of FHLBI depository, CDFI and insurance company members to assist the front line in support of lending decisions. Conduct financial and economic studies of the banking industry to aid the FHLBI's efforts in the development of products and services to the banking industry from a credit risk perspective. Present related research and conclusions from credit analyses and to FHLBI management as needed.
Assist members and work with the Advances Desk with various daily activities including support of the initiation of loans (advances), and other products to assist members with their funding and risk management needs. The Credit Operations Analyst will also assist the advances desk with reporting.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:

• Credit Analyses - Perform credit analysis and monitor the financial condition of the FHLBI's depository institution members, and life, health, and P&C insurance company members, utilizing S&P Market Intelligence, regulatory call reports, SEC filings, business plans, annual reports, and confidential regulatory examination reports. Monitor CDFI members compliance with annual CDFI Fund certification. Credit reviews are used to formulate/support credit decisions.

• New Membership Applications - Assist in the review/processing of membership applications filed by prospective depository institutions, CDFI institutions, and insurance company members. Review application materials for completeness and regulatory/policy compliance, draft application digest (including a credit analysis of the prospective member), recommend approval/denial of the application, and recommend appropriate initial collateral status.

• Risk Assessment Evaluation - On an ongoing basis, responsible for assisting with the credit risk assessment evaluation regarding depository member and insurance companies. This includes reviewing the credit risk assessments and recommending to the Underwriting Manager any additions/modifications to the evaluation as needed.

• Financial Research & Reporting - Assist in the design of reports and interpret the output for use by the first line to assist in their lending, collateral and underwriting decisions pertaining to both depository and insurance company members, while maintaining adherence to FHLBI and regulatory credit risk parameters. On an on-going basis, collaborate with other Bank departments and integrate relevant data into existing or newly created reports. As needed, provide relevant reporting to internal FHLBI departments such as IT, Internal Audit and ERM as well as external parties such as the FHFA and state regulators.

• Advances Operations / Lending - As needs arise to assist other Advances Desk staff, the Credit Operations Analyst will consult with senior officers of our member institutions regarding the Bank's credit programs, pricing, alternatives, and other details to assist them in meeting their funding and risk management needs. Communicates Bank policies regarding credit products to members and supports the initial credit risk determination to a member's ability to access Bank products. Reviews and executes advance requests, collaborates with Treasury on advances pricing, manages transaction information in system to minimize operational risk, and produces advances documentation to recommend approval or denial of the credit extension to the Advances Manager, Lending Director, and the Chief Business Development Officer.

• Miscellaneous Duties - Develop expertise in credit analysis, and using subscription services, industry articles, regulatory guidance and publications, industry news, seminars, and training classes, remain current on banking industry events/developments which affect the extension of credit to FHLBI members. Complete special projects as assigned. Assists in the monitoring of: member behavior and changes, supporting analysis for policy exception requests, community-based financial institution / community-based AMA user annual updates, board of director blackout IFS updates, maintaining member information on FHFA portal and updating new applications, maintaining IFS / Business Partner member information, updating residential assets in IFS for insurance companies, providing total asset information to calculate capital stock holdings, CDFI quarterly certification check, and quarterly tangible capital determination.

Competencies:
Business

• Job Knowledge

General

• Decision Making/Judgment
• Dependability / Flexibility
• Productivity

People

• Communication
• Collaboration

Position Requirements:

• Bachelor's degree: Business Analytics, Business Administration, Finance, Economics, Accounting, or related field.
• Preferably a minimum of two years' experience working in or directly with a financial institution; preferably in a credit analysis, accounting and/or financial reporting function.
• Excellent analytical and communication skills. Ability to interact with top management of the FHLBI and of the members.
• Ability to use computer tools to analyze financial data. A strong understanding of Microsoft Excel, Access, Power BI, and/or Python is desirable.
• Must have the ability to uphold and model the Bank's Guiding Principles.
• Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.

FHLBank Indianapolis is an Equal Opportunity Employer.