Credit Analyst

About The Company Midland States Bank is a reputable financial institution committed to providing exceptional banking services to its clients. With a strong focus on community engagement and personalized financial solutions, Midland States Bank has established itself as a trusted partner for individuals and businesses alike. The bank prides itself on fostering a collaborative and inclusive work environment that encourages growth, innovation, and professional development. Through its comprehensive suite of banking products and services, Midland States Bank aims to deliver value and support the financial goals of its customers while maintaining high standards of integrity and excellence. About The Role The Intern - Credit Analyst position offers a unique opportunity for students pursuing degrees in Finance or Accounting to gain practical experience in the banking industry. Based in Rockford, IL, this role involves assisting the Commercial Credit Department with financial analysis, credit evaluations, and special projects. The internship is designed to provide exposure to the commercial lending process, emphasizing the importance of credit analysis in managing risk for the bank. Interns will work closely with senior credit professionals and commercial lenders, developing foundational skills that are essential for a successful career in banking, finance, or credit analysis. This position is ideal for individuals eager to learn about credit risk management, financial statement analysis, and the broader commercial lending landscape. Qualifications Qualified candidates should be enrolled in a Finance or Accounting degree program at a college or university, with at least two years of coursework completed. Applicants must reside locally in the Rockford, IL area and be able to report to the office regularly. The internship requires a commitment to a 40-hour work week, Monday through Friday, between 8 a.m. and 5 p.m. Candidates should demonstrate proficiency in Microsoft Excel and Teams, along with the ability to quickly learn new software applications. Strong analytical skills, attention to detail, and excellent communication abilities are essential. Prior interest or experience in commercial lending, credit analysis, or banking is preferred but not mandatory. The ideal candidate will be a team player, highly organized, and eager to develop their financial analysis capabilities. Responsibilities Assist in analyzing financial statements to evaluate the creditworthiness of commercial borrowers and support credit requests. Participate in the commercial loan structuring process and learn about credit approval procedures, including documentation and decision-making criteria. Help identify potential credit risks through thorough financial analysis and support risk mitigation strategies. Collaborate with Commercial Credit leadership to develop a solid understanding of financial analysis techniques and credit responsibilities. Engage with Commercial Lenders and Market Presidents to gain insights into the relationship between lending activities and credit management. Support special projects and perform additional duties as assigned to enhance learning and contribute to departmental goals. Ensure compliance with all applicable regulations, including the Bank Secrecy Act (BSA) and other banking policies. Benefits Midland States Bank offers a competitive compensation package for this internship, including an hourly wage of $18. In addition, interns gain access to a comprehensive benefits program that includes healthcare coverage, well-being initiatives, paid family leave, and generous paid time off. The bank also provides various banking perks, such as an Employee Stock Purchase Plan, a 401(k) plan with company matching contributions, and the opportunity to participate in the Non-Qualified Deferred Compensation Plan. These benefits are designed to support the overall well-being and financial security of our interns and employees. The internship provides valuable networking opportunities, mentorship, and professional development resources to help interns build a strong foundation for their future careers. Equal Opportunity Midland States Bank is proud to be an Equal Opportunity and Affirmative Action employer. We are committed to fostering an inclusive environment where all individuals are treated with respect and dignity. We recruit, employ, train, compensate, and promote based on merit and qualifications without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We believe that diversity enhances our workplace and strengthens our ability to serve our customers effectively. If you require reasonable accommodation during the application or employment process, please contact Midland States Bank Human Resources. We encourage all qualified individuals to apply and join our team, because at Midland States Bank, you belong here. … mais