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Collateral Analyst Jobs in Indiana (NOW HIRING)

World Business Lenders, LLC

Review Appraiser

Indianapolis, IN · On-site +1

$86K - $94K/yr

... collateral risks. * Provides clear, well-supported recommendations to credit and investment committees. * Maintains high-quality, consistent appraisal review standards and supports junior analysts.

New

Northwest

Portfolio Manager II or III

Fishers, IN · On-site +1

$61K - $110K/yr

Document historic and proforma cash flows, covenant calculations, sensitivity analysis, guarantor statement review, and collateral valuation as appropriate. * Analyze financial information and ...

Northwest

CRE Portfolio Manager II or III

Fishers, IN · On-site +1

$61K - $110K/yr

Document historic and proforma cash flows, covenant calculations, sensitivity analysis, guarantor statement review, and collateral valuation as appropriate. * Analyze financial information and ...

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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 Aug 21, 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.

What is a collateral analyst?

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.

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 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 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 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.

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Collateral Analyst jobs near you
Infographic showing various Collateral Analyst job openings in Indiana as of August 2026, with employment types broken down into 67% Full Time, and 33% Part Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $75,445 per year, or $36.3 per hour.

Quantitative Modeling and Research Analyst (II or Senior)

Federal Home Loan Bank of Indianapolis

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 19 days ago

Job description

Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
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 equal opportunity within an inclusive culture, 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 remote flex days!
  • 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.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
Purpose:
The Quantitative Modeling and Research Analyst (II or Senior) is responsible for the development and maintenance of various financial models used across the organization. The role resides in the Modeling & Analytics Group (M&A) within the Enterprise Risk Management (ERM) department. Through these responsibilities, the M&A Group works closely with several lines of business, as well as with Information Technology, Model Risk Management, and Internal Audit.
The following statements are intended to describe the general nature and level of work being performed by people assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:
  • Implements, tests, and operates a diverse range of models for loan valuation, pledged collateral hair-cut, probability of default, loss estimation, etc.
  • Utilizes modeling, statistical, and computational techniques to test, evaluate, and calibrate/tune various credit and market risk models, as well as to set data analytics complementary to model use.
  • Establishes and maintains model documentation for theory, settings, assumptions, change control, model performance monitoring, and model use guides in coordination with the Model Risk Management Group, as well as the Regulatory Advisory Bulletins.
  • Explains model details, theory, assumptions, and settings to Model Users and others across the organization.
  • Supports model validation requests and resolves model validation findings or recommendations.
  • Interacts directly with Model Validators and Regulators with regard to model settings, assumptions, implementation, etc.
  • Leads the process to develop required model enhancements.
  • Stays current on methodologies, statistical, mathematical, analytical, and computational techniques related to model management and development.

Competencies:
Business
  • Analytics Knowledge
  • Research Knowledge
  • Quantitative Implementation Knowledge

General
  • Maintaining Institutional Knowledge
  • Results-driven
  • Time Management

People
  • Communication
  • Interpersonal Skills

Position Requirements:
  • Graduate degree, Master's or PhD, in Mathematics, Quantitative Analysis, Statistics, Operations Research, Financial Engineering, or any other quantitative field. CFA or/and FRM certifications are a plus.
  • Preferred 2 years of experience for an Analyst II and 3+ years of experience for a Senior Analyst doing quantitative research, risk management, or any other quantitative related work. Previous experience in model development is desired.
  • Preferred 2 years of experience for an Analyst II and 3+ years of experience for a Senior Analyst in a commonly used programming language, such as Python, C/C++.
  • Experience with Asset/Liability and valuation software models, such as Polypaths, QRM is a plus.
  • Experience with database management concepts and tools, such as SQL is a plus.
  • Attention to detail, ability to multi-task, and high degree of initiative and independence.
  • Verbal, written, and interpersonal skills to communicate effectively with all levels of Bank personnel.
  • Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.
  • Ability to work full-time.
  • Ability to uphold and model the Bank's Guiding Principles.

Hiring Range: Senior Analyst: $93,000 - $110,000, Analyst II: $85,000 - $100,000
Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
FHLBank Indianapolis is an Equal Opportunity Employer.

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