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Credit Analyst Jobs in Minnesota (NOW HIRING)

Cargill

Credit Senior Process Analyst

Wayzata, MN · On-site

$97K - $125K/yr

Job Purpose and Impact The Credit Senior Process Analyst job performs day-to-day process management activities, including process mapping and documentation, process current state assessment and ...

CoBank

Credit Officer- Leasing

Minneapolis, MN · On-site

$100K - $123K/yr

Provides leadership and guides the work of credit analysts. Adds value to account relationships and supports the achievement of profitability and credit quality goals through interactions with staff ...

Minnesota Jobs

Credit Manager

Saint Paul, MN · On-site

$50K - $65K/yr

Credit Manager We are seeking an experienced Credit Manager to oversee credit approvals ... Excellent analytical, negotiation, and communication skills. * Proficiency with Microsoft Excel and ...

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All JobsCredit Analyst JobsCredit Analyst Jobs in Minnesota

Credit Analyst information

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$14

$29

$48

How much do credit analyst jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for credit analyst in Minnesota is $29.31, according to ZipRecruiter salary data. Most workers in this role earn between $22.60 and $32.98 per hour, depending on experience, location, and employer.

What does a credit analyst do?

A Credit Analyst evaluates the creditworthiness of individuals or businesses applying for loans or credit. They review financial statements, credit reports, and economic conditions to assess the risk of lending money. Based on their analysis, they make recommendations to approve or deny credit applications and may suggest terms for repayment. Their work helps financial institutions minimize losses and make informed lending decisions.

What does a credit analyst do?

As a credit analyst, you evaluate customer credit history to determine the risk level for giving out loans or lines of credit to clients. You’ll use statistical software to help you decide which clients are eligible for loans and which ones aren’t. Your job duties include analyzing your clients’ financial statements and credit history, establishing credit limits, informing clients of payment policies, and resolving disputes. Your decisions impact whether the bank or financial institution you work for makes money or loses money, so your responsibilities make you a crucial part of the team.

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

To thrive as a Credit Analyst, you need strong analytical skills, financial acumen, and typically a degree in finance, accounting, or a related field. Proficiency in financial modeling, Microsoft Excel, and experience with credit risk assessment software such as Moody’s or S&P Global Market Intelligence are highly valued. Excellent attention to detail, effective communication, and sound judgment are essential soft skills for assessing clients and presenting findings. These abilities ensure accurate credit evaluations, mitigate risk, and support informed lending decisions.

What are the typical challenges a credit analyst faces when evaluating complex loan applications?

Credit Analysts often encounter challenges such as incomplete financial information, inconsistent documentation, and the need to assess risk in rapidly changing market conditions. Evaluating applicants from diverse industries may require specialized knowledge to accurately interpret financial statements and cash flow projections. Strong analytical skills and effective communication with both clients and internal stakeholders are essential to resolve ambiguities and ensure sound credit decisions.

What is the difference between Credit Analyst vs Loan Officer?

AspectCredit AnalystLoan Officer
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFA or credit analysis coursesBachelor's degree in finance, business, or related; often requires mortgage or loan origination licenses
Work EnvironmentOffice setting, analyzing financial data, assessing creditworthinessOffice or branch, meeting clients, processing loan applications
Employer & Industry UsageBanks, credit unions, financial institutionsBanks, mortgage companies, credit unions

While both roles involve financial assessment, a Credit Analyst primarily evaluates credit data to determine risk, whereas a Loan Officer interacts directly with clients to approve and process loan applications. Understanding these differences helps in choosing the right career path or job search focus.

Are credit analysts paid well?

Credit analysts typically earn a competitive salary that varies based on experience, education, and location. According to industry data, the median annual wage for credit analysts is around $70,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often offers opportunities for bonuses and career advancement.

What qualifications do you need to be a credit analyst?

To become a credit analyst, candidates typically need a bachelor's degree in finance, accounting, economics, or a related field. Strong analytical skills, proficiency with financial analysis tools, and knowledge of credit reporting and risk assessment are also important. Some roles may require relevant certifications such as the Chartered Financial Analyst (CFA) or Credit Risk Certification.
More about Credit Analyst jobs

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Credit Analyst jobs near you
Infographic showing various Credit Analyst job openings in Minnesota as of August 2026, with employment types broken down into 1% Internship, 80% Full Time, 18% Part Time, and 1% Contract. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $60,961 per year, or $29.3 per hour.

Credit Analyst - Capital Finance

Bell Bank

Bloomington, MN • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Bell Bank rating

6.5

Company rating: 6.5 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

147th of 174 rated banks

Job description

The Credit Analyst - Capital Finance is responsible for evaluating, structuring, and monitoring credit exposures related to capital finance transactions. This role supports disciplined capital deployment through rigorous financial analysis, collateral evaluation, and risk assessment, ensuring alignment with the Bank's credit policy, risk appetite, and return objectives.
Responsibilities
Credit Analysis & Underwriting
  • Evaluate borrower creditworthiness through detailed analysis of financial statements, cash flow, liquidity, leverage, and capital structure.
  • Assess transaction structure, including debt capacity and repayment sources.
  • Analyze sponsor strength, industry dynamics, and enterprise valuation where applicable.
  • Prepare credit memoranda with clear risk identification, mitigants, and recommendation.
  • Support credit approval process and documentation requirements in coordination with legal and credit risk teams.

Capital Finance Structuring
  • Support structuring of complex capital finance transactions.
  • Assess collateral quality, advance rates, borrowing base mechanics, and eligibility criteria.
  • Partner with relationship managers and deal teams to optimize risk-adjusted returns.
  • Participate in transaction due diligence, including review of third-party reports, appraisals, and field exams.

Portfolio Monitoring & Risk Management
  • Monitor existing portfolio exposures for compliance with credit terms and performance expectations.
  • Perform ongoing financial analysis and collateral monitoring.
  • Identify emerging risks and recommend risk mitigation strategies or credit actions.
  • Provide insights to inform credit strategy, portfolio trends, and capital allocation decisions.

Bell Bank Culture, Policy and Accountability Standards
  • Know by name and face as many customers and employees as possible, calling them by name as often as possible.
  • Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.
  • Know, understand, and live the company values and bottom line.
  • Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
  • All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
  • Prompt and reliable attendance.
  • Perform other duties as assigned.

Education, Experience, and Other Expectations
  • Bachelor's degree in finance, accounting, or a business-related field; or equivalent amount of experience.
  • 2 - 4 years of experience in commercial credit analysis, commercial lending, or bank examination.

Skills and Knowledge
  • Advanced spreadsheet skills, including comfort with financial formulas, data sorting, and formatting.
  • Exceptional organizational skills with a proven ability to prioritize tasks, manage workload independently, and consistently hit strict project deadlines.
  • Above-average written and verbal communication skills, with the ability to clearly articulate financial findings to senior staff and Portfolio Officers.
  • Solid foundational knowledge of financial accounting, with the ability to read and understand financial statements (Income Statement, Balance Sheet, Cash Flow).
  • Strong analytical mindset with the capability to accurately spread financial statements and monitor client performance trends through monthly financials.
  • High proficiency with modern computer technology and a quick learning curve for proprietary banking software and systems.

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