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Credit Analyst I Jobs in Indiana (NOW HIRING)

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

The Commercial Credit Analyst will support the lenders in underwriting requests for credit ... Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing ...

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Showing results 1-20

Credit Analyst I information

See Indiana salary details

$14

$28

$46

How much do credit analyst i jobs pay per hour?

As of Aug 6, 2026, the average hourly pay for credit analyst i in Indiana is $28.48, according to ZipRecruiter salary data. Most workers in this role earn between $21.97 and $32.02 per hour, depending on experience, location, and employer.

What is the difference between Credit Analyst I vs Credit Analyst II?

AspectCredit Analyst ICredit Analyst II
Required CredentialsBachelor's degree in finance, accounting, or related field; some roles may require relevant certificationsSame as Credit Analyst I, often with additional experience or certifications
Work EnvironmentEntry-level, supervised, team-based, in banking or financial institutionsMore independent, handling complex cases, in similar environments
Employer & Industry UsageCommon in banks, credit unions, and lending companiesUsed in similar settings, often as a step up role
Common Search & Comparison IntentYesYes

The main difference between Credit Analyst I and Credit Analyst II lies in experience and complexity of tasks. Credit Analyst II typically handles more complex credit evaluations and requires more experience, but both roles share similar educational backgrounds and work environments. The progression from Credit Analyst I to II involves increased responsibility and expertise within the same industry.

What cities in Indiana are hiring for Credit Analyst I jobs? Cities in Indiana with the most Credit Analyst I job openings:
Infographic showing various Credit Analyst I job openings in Indiana as of August 2026, with employment types broken down into 100% Full Time. Highlights an 93% In-person, and 7% Hybrid job distribution, with an average salary of $59,228 per year, or $28.5 per hour.

Credit Analyst I

First Merchants Bank

Lafayette, IN

Full-time

Posted 15 days ago


First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

89th of 170 rated banks


Job description

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio.

As part of this role you will:

  • Complete accurate, unbiased credit analyses within required timelines and according to standards including cash flow analysis, credit decision summary preparation and credit processes.
  • Complete credit monitoring functions for designated portfolio including spreading and review of financial statements, borrowing base and covenant testing, marketable securities and leveraged lending monitoring and annual credit reviews.
  • Assign call codes, NAICS codes, risk grade and risk rating score data accurately.
  • Review appraisals and real estate evaluations.
  • Use of financial spreading software, loan system, cash flow analysis and other credit systems and tools
  • Attend and participate in loan committees as requested.

To be successful in this position, we require the following:

  • Bachelor’s degree.

The following would be a plus:

  • Bachelor’s degree (or completion within current semester) in accounting, finance, or business.

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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