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Covenant Jobs in Indiana (NOW HIRING)

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 ...

Bethel University

Custodian - Full Time

Mishawaka, IN · On-site

$13 - $16.75/hr

Cleaning dorm facilities in the summer monthsA commitment to support the university mission and Covenant of Lifestyle is also required.About Bethel UniversityFor more information visit our website at ...

Bethel University

Custodian - Full Time

Mishawaka, IN · On-site

$13 - $16.75/hr

Cleaning dorm facilities in the summer monthsA commitment to support the university mission and Covenant of Lifestyle is also required.About Bethel UniversityFor more information visit our website at ...

Fifth Third

Senior Credit Analyst

Indianapolis, IN

Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action. * Responsible for assessing covenant compliance reporting and identifying ...

Conveyance

Underwriter - CRE

Indianapolis, IN · On-site

This role supports early identification of credit concerns through financial review, covenant monitoring, and Watchlist analysis, while partnering with lenders to provide thoughtful, risk-based ...

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Showing results 41-60

All JobsCovenant JobsCovenant Jobs in Indiana

Covenant information

See Indiana salary details

$28.5K

$32.7K

$34.3K

How much do covenant jobs pay per year?

As of Sep 2, 2026, the average yearly pay for covenant in Indiana is $32,717.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,900.00 and $32,400.00 per year, depending on experience, location, and employer.

What is a covenant?

In the context of employment, 'covenant' jobs typically refer to positions that are governed by specific agreements or clauses—often called covenants—in an employment contract. These covenants usually outline certain restrictions or obligations, such as non-compete, non-solicitation, or confidentiality agreements that the employee must adhere to during and after their employment. The purpose of these covenants is to protect the employer's business interests, trade secrets, and client relationships. Covenant jobs can be found in various industries, especially where sensitive information or client relationships are critical. Understanding the covenants in your contract is important before accepting such a position.

What are common challenges faced by covenant analysts when managing complex agreements?

Covenant Analysts often face challenges such as interpreting nuanced legal language, coordinating with multiple stakeholders (like legal teams, finance, and clients), and ensuring compliance with evolving regulatory requirements. Staying organized while tracking multiple agreements and deadlines can be demanding. Analysts must also be proactive in identifying potential risks and communicating them promptly to relevant parties, helping to prevent breaches and maintain strong client relationships.

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

To thrive as a Covenant Analyst, you need a solid understanding of financial analysis, legal documentation review, and knowledge of debt covenants, typically supported by a degree in finance, accounting, or law. Familiarity with financial modeling tools, contract management systems, and advanced Excel skills is often required. Attention to detail, critical thinking, and strong communication skills help you interpret complex agreements and collaborate with stakeholders. These skills ensure accurate compliance monitoring, risk mitigation, and effective reporting for financial institutions or corporate borrowers.

What is the difference between Covenant vs Paralegal?

AspectCovenantParalegal
Required CredentialsLegal training, certifications often preferredLegal assistant training, certifications vary
Work EnvironmentLegal firms, courts, government agenciesLaw firms, corporate legal departments
Industry UsageLegal documentation, contract managementLegal research, document preparation

While both Covenant and Paralegal roles involve legal work, Covenant typically refers to a legal agreement or promise, whereas a Paralegal is a professional who supports lawyers with legal tasks. Understanding these differences helps clarify job responsibilities and career paths in the legal industry.

What are popular job titles related to Covenant jobs in Indiana?

For Covenant jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Covenant jobs in Indiana look for?

The top searched job categories for Covenant jobs in Indiana are:

Covenant jobs near you
Infographic showing various Covenant job openings in Indiana as of August 2026, with employment types broken down into 2% As Needed, 88% Full Time, 9% Part Time, and 1% Contract. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $32,717 per year, or $15.7 per hour.

Credit Analyst

United Leasing and Finance

Evansville, IN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Job description

Job Type
Full-time
Description
We are seeking a detail-oriented and analytical Credit Analyst to join our finance team on-site at our Evansville, IN headquarters location. In this role, you will evaluate the creditworthiness of potential and existing clients to support our company's financial stability and growth. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to make sound credit decisions in a fast-paced environment.
Key Responsibilities:
  • Analyze financial statements, credit reports, and other relevant data to assess clients' creditworthiness
  • Prepare detailed credit reports and recommendations for approval or decline of credit applications
  • Monitor existing clients' credit status and update credit limits as necessary
  • Collaborate with sales and collections teams to manage credit risk effectively
  • Conduct risk assessments and identify potential credit issues proactively
  • Maintain accurate and organized records of credit evaluations and decisions
  • Stay informed about industry trends, economic conditions, and regulatory changes affecting credit policies

Skills and Qualifications:
  • Bachelor's degree in Finance, Accounting, Economics, or related field or at least 10 years of relevant industry experience in lieu of a college degree.
  • Proven experience as a Credit Analyst or similar role in a financial or banking environment
  • Strong analytical and problem-solving skills
  • Excellent attention to detail and organizational abilities
  • Proficiency in financial analysis tools and Microsoft Office Suite
  • Knowledge of credit reporting agencies and credit scoring systems
  • Effective communication and interpersonal skills
  • Ability to work independently and as part of a team in a deadline-driven environment

Full-Time Employee Benefit Options Include:
  • Health, Dental, & Vision Insurance
  • 401(k) Retirement Savings Plan with Company Match, including Roth option
  • Flexible Spending Accounts and/or Health Savings Accounts, including potential for company contributions based on annual health risk assessments
  • Life and Accidental Death & Dismemberment Insurance
  • Short- and Long-Term Disability Insurance
  • Supplemental Voluntary Insurance Policies with options for Critical Illness, Hospital Indemnity, and Accidents
  • Paid Time Off for Vacation, Sick, and Holidays
  • Employee Assistance Program

Join our dynamic organization that values professional growth, innovation, and collaboration. We offer a supportive work culture, competitive benefits, and opportunities for career advancement.
See below for the full position description
PURPOSE OF JOB:
The Credit Analyst is a non-supervisory, individual-contributor role responsible for evaluating the creditworthiness of prospective and existing borrowers across United Leasing & Finance's (ULF) equipment finance portfolio. The role combines traditional credit fundamentals, tangible net worth analysis, cash flow and leverage review, guarantor liquidity, PayNet and credit bureau data, with an increasing emphasis on data-driven decisioning, portfolio analytics, and syndication reporting. The Credit Analyst prepares clear, well-supported written credit narratives and risk ratings that drive sound, timely lending decisions.
JOB DUTIES:
Credit Analysis & Underwriting
  • Perform credit reviews and prepare a written credit narrative with a clear recommendation for transactions within assigned deal-size thresholds or as requested by management, within an agreed-upon turnaround time after receiving complete underwriting information.
  • Prepare a consolidated financial analysis from tax returns, reviewed or audited financial statements, and interim financials, identifying trends, red flags, and areas requiring follow-up.
  • Calculate and interpret core financial ratios, including tangible net worth, debt service coverage, leverage, liquidity, and profitability measures.
  • Analyze personal guarantor liquidity, net worth, and contingent liabilities as part of the overall credit picture.
  • Pull and interpret PayNet MasterScore and consumer credit bureau reports (e.g., FICO) to evaluate commercial repayment history and guarantor personal credit.
  • Assign an internal risk grade to each transaction using ULF's risk rating framework and clearly document the rationale.
  • Draft financial covenant language for lease and loan documentation, commitment letters, and related credit agreements.
  • Conduct discussions with customers' senior management regarding significant credit factors, accounting policies, and business trends, and incorporate relevant industry analysis into the credit write-up.
  • Perform annual or periodic credit reviews on existing exposures with significant or ongoing business flow and summarize findings for senior credit management.

Credit Administration & Portfolio Monitoring
  • Track financial covenant compliance, gather required financial statements, calculate covenant-related ratios, and process covenant violations or waiver requests.
  • Maintain internal risk ratings across the assigned portfolio in accordance with policy thresholds, ensuring ratings stay current as new information becomes available.
  • Support the reporting and information requests associated with ULF's syndicated bank group and capital/syndication partners, helping ensure timely and accurate portfolio reporting.
  • Participate in the annual review of Credit Department policies and procedures. Evaluate forms, templates, and workflows and recommend improvements.

Technology, Data & Continuous Improvement
  • Use spreadsheet-based credit and pricing tools, internal credit models, and scoring frameworks to support analysis and speed up turnaround.
  • Identify opportunities to apply automation, data analytics, and reporting tools to streamline credit workflows and reduce manual effort.
  • Participate in teams that research, measure, and address process issues, and actively contribute ideas for continuous improvement of the credit function.
  • Stay current on evolving underwriting technology, data sources, and industry practices relevant to commercial equipment finance.

General Duties
  • Maintain prompt, regular attendance and reliable availability during core business hours, and as business needs require.
  • Perform other duties as assigned by management.
  • Travel occasionally as business needs require.

Quality & Continuous Improvement
  • Personally commit to quality in all aspects of work.
  • Provide "World Class Customer Service" for internal and external customers.
  • Participate in and promote the established Quality Improvement Process (QIP) for continuous improvement.
  • Participate on teams to research, measure, and correct problems and to strive for process improvement.
  • Communicate and exemplify the Company's Mission Statement, Vision Statement, Values, and Philosophy.
  • Attend at least ten (10) credit hours of training each calendar year to continue development of work-related skills.

This does not necessarily list all responsibilities, duties, requirements, or efforts associated with the job. While this list is intended to be an accurate reflection of the job, the company reserves the right to review and modify as circumstances or business needs require.
Requirements
Education:
  • Bachelor's degree in Accounting, Finance, Business, Economics, or a related field is preferred. 10+ years of relevant experience will be considered in lieu of a lack of a Bachelor's degree.

Experience:
  • 3+ years of experience in equipment finance underwriting, commercial or retail bank lending, commercial credit analysis.

Other Knowledge, Skills, Abilities & Competencies:
  • Strong working knowledge of underwriting processes, financial markets, interest rates, and lease/loan structures and documentation.
  • Ability to read and interpret business financial statements, including reviewed and audited statements and accompanying notes, as well as individual, corporate, and partnership tax returns.
  • Strong analytical skill set: financial modeling, ratio analysis, data manipulation, and research, performed accurately and within tight deadlines.
  • Proficiency with Microsoft Excel and Word; comfort working within loan origination, CRM, or credit workflow systems.
  • Familiarity with PayNet and commercial/consumer credit bureau data is strongly preferred.
  • Ability to manage multiple transactions and competing priorities simultaneously without sacrificing quality or turnaround.
  • Excellent verbal, written, and presentation communication skills, with the ability to interact professionally with customers, sales partners, and senior management.
  • Prior experience partnering with sales or business development personnel in a credit capacity is a plus.
  • Sound judgment regarding the confidentiality of business-sensitive information.
  • Exposure to portfolio analytics, expected-loss modeling, or credit scorecard frameworks is preferred.
  • Experience supporting syndicated lending or capital markets reporting is preferred.
  • Working familiarity with Microsoft 365 applications, data visualization, or reporting tools (e.g., Power BI) to support portfolio-level insights is preferred.
  • Experience with Baker Hill (NextGen) and/or LTi (Aspire) software platforms is preferred.

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