Dog's noses will peel much like people's skin does, although it takes much more severe sun, wind and rain to make it happen. These problem are compounded when you have a lightly colored dog.
There is a product called "bag balm" that's a moisturizer. You can get it at wal mart. It works great for dog noses.
If there are wounds on the nose, you can clean the nose with peroxide or betadine and then apply some neosporin ointment. If this does not help, you will want to see the vet for an antibiotic.
Thyroid problems CAN cause nose and foot problems so you might want to have the vet check her thyroid levels again and adjust her meds. Some people have to go so far as to tattoo the nose to promote healing.
Let me know if you still have questions.