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Collateral Analyst Jobs in Indiana (NOW HIRING)

First Merchants Bank

Collateral Analyst

Munster, IN · On-site

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

FIRST MERCHANTS

Collateral Analyst

Daleville, IN · On-site

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

First Merchants Bank

Collateral Analyst

Daleville, IN · On-site

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

FIRST MERCHANTS

Collateral Analyst

Fort Wayne, IN · On-site

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

First Merchants Bank

Collateral Analyst

Munster, IN

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

FIRST MERCHANTS

Collateral Analyst

Indianapolis, IN · On-site

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

FIRST MERCHANTS

Collateral Analyst

Munster, IN · On-site

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk ...

Do it Best Corp

Credit Analyst

Fort Wayne, IN · On-site

Credit Analyst Location: Fort Wayne, IN Level / Schedule: Salaried / M-F 8am-5pm Division ... Initiate and follow up on Letters of Credit, collateral deposits, wire transfers, cash applications ...

Do it Best Corp.

Credit Analyst

Fort Wayne, IN

Credit Analyst Location: Fort Wayne, IN Level / Schedule: Salaried / M-F 8am-5pm Division ... Initiate and follow up on Letters of Credit, collateral deposits, wire transfers, cash applications ...

Everwise Credit Union

Product Analyst

South Bend, IN · On-site

Share insights to assist in the development of marketing collateral, training tools, and content ... Strong analytical skills with the ability to interpret data and derive actionable insights.

Farmers State Bank

Credit Analyst

Lagrange, IN · On-site

$19.78/hr

This entails analyzing and documenting financial data, along with analyzing financial statement ratios, collateral adequacy, future repayment ability, reading credit reports, evaluating customer ...

Farmers State Bank

Credit Analyst

Lagrange, IN

$19.78 - $32.97/hr

This entails analyzing and documenting financial data, along with analyzing financial statement ratios, collateral adequacy, future repayment ability, reading credit reports, evaluating customer ...

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All JobsCollateral Analyst JobsCollateral Analyst Jobs in Indiana

Collateral Analyst information

See Indiana salary details

$17

$36

$53

How much do collateral analyst jobs pay per hour?

As of Jun 20, 2026, the average hourly pay for collateral analyst in Indiana is $36.27, according to ZipRecruiter salary data. Most workers in this role earn between $26.30 and $49.18 per hour, depending on experience, location, and employer.

How much do collateral analysts make?

Collateral analysts in New York City typically earn between $60,000 and $90,000 annually, depending on experience, certifications, and the employer. Entry-level positions may start around $50,000, while experienced analysts with specialized skills can earn higher salaries and bonuses.

What are some common challenges faced by Collateral Analysts and how can they be addressed?

Collateral Analysts often encounter challenges such as managing large volumes of complex data, keeping up with changing regulatory requirements, and ensuring the accuracy of collateral valuations. To address these, strong attention to detail, proficiency with financial software, and continuous professional development are essential. Regular communication with lending officers, risk teams, and clients also helps in identifying discrepancies early and maintaining compliance with industry standards.

What Does a Collateral Analyst Do?

A collateral analyst works for a loan company or financial institution. Their primary job duties include reviewing all collateral that is provided by a borrower to secure a potential loan. They consider all of the information provided and ensure that it meets the compliance and financial requirements for a loan. A collateral analyst may also coordinate with credit management if there are outstanding disputes over the collateral. They provide reports on all accounts and maintain a large quantity of documentation.

What is the difference between Collateral Analyst vs Credit Analyst?

AspectCollateral AnalystCredit Analyst
Primary FocusEvaluates and manages collateral assets to mitigate risk in lendingAssesses the creditworthiness of borrowers to approve or deny loans
Required CredentialsTypically a bachelor's degree in finance, accounting, or related field; certifications like CFA are a plusSimilar credentials; often holds degrees in finance or economics; certifications like CFA are common
Work EnvironmentFinancial institutions, banks, or investment firmsBanking, financial services, or lending institutions
Common UsageUsed when analyzing collateral assets such as securities or propertyUsed when evaluating overall borrower risk and credit profiles

While both roles require financial analysis skills and similar credentials, Collateral Analysts focus on assessing collateral assets to secure loans, whereas Credit Analysts evaluate the overall creditworthiness of borrowers. Both roles are vital in lending processes within financial institutions.

What does a collateral analyst do?

A collateral analyst evaluates and manages the collateral assets backing loans or credit agreements to ensure they meet the required standards and value. They analyze financial documents, assess risk, and use tools like spreadsheets or specialized software to monitor collateral performance and compliance throughout the loan lifecycle.

What jobs pay 500,000 a year in the US?

High-level roles such as senior investment bankers, hedge fund managers, and certain executive positions in finance and technology can reach or exceed $500,000 annually. These roles typically require extensive experience, advanced skills, and often involve performance-based bonuses or profit sharing. Compensation varies widely depending on industry, location, and individual performance.

What are the key skills and qualifications needed to thrive as a Collateral Analyst, and why are they important?

To thrive as a Collateral Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or a related field—often supported by a relevant degree. Familiarity with financial analysis software, loan management systems, and tools like Excel is typically required, and certifications such as CFA or CPA can be advantageous. Effective communication, problem-solving abilities, and organizational skills help set top performers apart in this role. These competencies are crucial for ensuring accurate collateral valuation and risk assessment, which support sound lending decisions and reduce financial risk for institutions.

What jobs pay 200,000 a year in the USA?

In the USA, senior-level roles such as investment bankers, corporate lawyers, specialized physicians, and certain executive positions can earn $200,000 or more annually. For Collateral Analysts, reaching this salary level typically requires extensive experience, advanced certifications, and working in high-paying financial institutions or investment firms.

What are Collateral Analysts?

Collateral Analysts are financial professionals who assess, monitor, and manage the value of assets pledged as collateral for loans or other financial agreements. They ensure that the collateral meets lending requirements, track its value over time, and help mitigate the lender’s risk by verifying that the collateral is sufficient to cover the loan. Their role often involves analyzing financial statements, appraisals, and market trends to make informed recommendations. Collateral Analysts typically work for banks, financial institutions, or lending companies.
More about Collateral Analyst jobs
What are popular job titles related to Collateral Analyst jobs in Indiana? For Collateral Analyst jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Collateral Analyst jobs in Indiana look for? The top searched job categories for Collateral Analyst jobs in Indiana are:
What are popular job titles related to Collateral Analyst jobs in IN? For Collateral Analyst jobs in IN, the most frequently searched job titles are:
Collateral Analyst jobs near you
Infographic showing various Collateral Analyst job openings in Indiana as of June 2026, with employment types broken down into 2% Locum Tenens, 70% Full Time, 16% Part Time, and 12% Contract. Highlights an 80% Physical, 9% Hybrid, and 11% Remote job distribution, with an average salary of $75,445 per year, or $36.3 per hour.
Collateral Analyst

Collateral Analyst

First Merchants Bank

Fort Wayne, IN

Full-time

Posted 19 days ago

First Merchants Bank rating

8.0

Company rating: 8.0 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

54th of 141 rated banks

Job description

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk grading of the commercial banking portfolio.

As part of this role you will:

  • Complete accurate, unbiased collateral analyses within required timelines and according to standards.
  • Complete collateral monitoring functions for designated portfolio including:
    • Review of borrowing base requirements detailed within the Credit Decision Summary prior to or commensurate with loan closing.
    • Provide the Commercial Lending Team with borrowing base templates for Client use with on-going monitoring requirements as approved in the CDS and documented in the credit agreement.
    • Establish and maintain Client profiles within the borrowing base monitoring software.
    • Confirm appropriate ticklers are set up within the Bank’s core system for monitoring the receipt of required financial reporting documents for borrowing base reporting.
    • Assist the Commercial Lending Team with the collection of necessary Financial Reporting Documents for the completion of borrowing base testing.
    • Ensure the timely and accurate filing of all borrowing base reports and supporting documentation in the bank’s imaging system.
    • Assist the Client and Commercial Lending Team with modifications to borrowing base submission and reporting process to ensure compliance detailed within the credit agreement.
    • Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings, accounts payable agings, perpetual inventory reports, and other supplied information as appropriate.
    • Identify and communicate deteriorating liquidity and over-advance issues found during borrowing base testing to department management.
    • Update borrower loan availability in Bank’s core system.
    • Interface with clients as needed for questions and resolution of issues on draws and availability.
    • Maintain the Regional Borrowing Base Utilization Report.
    • Provide collateral trend reporting and analysis as requested.
    • Review real estate appraisals and evaluations as needed.
  • Reconcile borrowing base to credit agreement.
  • Attend and participate in loan committees as requested.

In order to be successful, we require the following:

  • Bachelor’s degree (or completion within current semester)

The following would be a plus:

  • Bachelor’s degree in accounting, finance, or business.
  • Prior Asset Based Lending or Collateral Monitoring experience
  • Proficient use of MS Office products including Word, Outlook and Excel.
  • Adobe Acrobat experience and the ability to learn job-related software.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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