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Credit Risk Analyst Jobs in Indiana (NOW HIRING)

First Merchants Bank

Credit Analyst I

Lafayette, IN · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

FIRST MERCHANTS

Credit Analyst I

Lafayette, IN · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

First Merchants Bank

Credit Analyst I

Lafayette, IN · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

FIRST MERCHANTS

Credit Analyst I

Fort Wayne, IN · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

FIRST MERCHANTS

Credit Analyst I

Indianapolis, IN · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

New

Old National Bank

Credit Data Steward

Evansville, IN · On-site

$121K/yr

Reporting and Analytics Support * Ensure data supports accurate regulatory reports, credit risk reporting, portfolio management reporting, concentration monitoring and commercial loan analytics Key ...

First Merchant's Bank

Credit Analyst I

Lafayette, IN · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

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Showing results 41-60

All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Indiana

Credit Risk Analyst information

See Indiana salary details

$35.2K

$108.4K

$187.9K

How much do credit risk analyst jobs pay per year?

As of Aug 19, 2026, the average yearly pay for credit risk analyst in Indiana is $108,365.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,500.00 and $133,700.00 per year, depending on experience, location, and employer.

What does a credit risk analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

What does a credit risk analyst do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

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

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

What are some common challenges faced by credit risk analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What is the difference between Credit Risk Analyst vs Credit Analyst?

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

How much does a credit risk analyst earn?

The average salary for a credit risk analyst typically ranges from $60,000 to $90,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries and bonuses.

Is a credit risk analyst entry level?

A credit risk analyst can be an entry-level position, often requiring a bachelor's degree in finance, economics, or related fields. Some roles may require prior internship experience or familiarity with financial analysis tools, but many companies offer training for new graduates. Advancement typically depends on experience, skills, and certifications such as the CFA or credit analysis courses.

What is the average salary of a Credit Risk Analyst?

The average salary of a Credit Risk Analyst typically ranges from $60,000 to $85,000 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.
More about Credit Risk Analyst jobs

What are the most commonly searched types of Credit Risk Analyst jobs in Indiana?

The most popular types of Credit Risk Analyst jobs in Indiana are:

What are popular job titles related to Credit Risk Analyst jobs in Indiana?

For Credit Risk Analyst jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Credit Risk Analyst jobs in Indiana look for?

The top searched job categories for Credit Risk Analyst jobs in Indiana are:

What cities in Indiana are hiring for Credit Risk Analyst jobs?

Cities in Indiana with the most Credit Risk Analyst job openings:

What are popular job titles related to Credit Risk Analyst jobs in IN?

For Credit Risk Analyst jobs in IN, the most frequently searched job titles are:

Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Indiana as of August 2026, with employment types broken down into 56% Full Time, and 44% Part Time. Highlights an 50% In-person, and 50% Hybrid job distribution, with an average salary of $108,365 per year, or $52.1 per hour.

Credit Analyst I

First Merchants Bank

Indianapolis, IN

Full-time

Posted 2 days ago

New

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 171 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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