Credit Analyst

Mercantile Bank of Michigan; Michigan; On-site; USD 52,000 - 68,000; Full time

Benefits offered by this job

401k match

Life insurance

Tuition reimbursement

Vacation & holidays

Employee stock purchase plan

Job summary

Mercantile Bank of Michigan is hiring full-time Credit Analysts to support the Commercial Lending team across multiple Michigan markets. The role begins with best-in-class training and progresses as you analyze borrower financials, assess cash flow, and prepare credit presentations to guide lending decisions.

You will develop strong relationships with lenders and mentors, building skills for future leadership opportunities within the bank while contributing to community-focused banking in

Qualifications

• Requires a Bachelor's degree in finance, accounting or business economics.
• Completion of at least two accounting courses by May 2027 is required.
• Strong analytical and communication skills, with a focus on credit analysis.

Responsibilities

• Receive comprehensive training in commercial credit and banking.
• Analyze financial information to evaluate borrowers and understand cash flow.
• Prepare and present credit recommendations to support lending decisions.

Skills

Financial analysis

Credit analysis

Education

Bachelor's degree in finance, Accounting or Business economics

Two college-level accounting courses by May 2027

Job description

Start your career in banking with us! Mercantile Bank is looking to hire full-time Credit Analysts to support our Commercial Lending team in our Troy, Traverse City, Lansing, Mt. Pleasant, Kalamazoo and Grand Rapids markets. Receive the best commercial banking training in the state and join a team of ambitious professionals developing into the next generation of banking leaders.

Core Responsibilities:

• Receive best-in-class commercial credit and banking training
• Analyze financial information to evaluate commercial borrowers and understand how businesses operate and generate cash flow
• Prepare and present credit recommendations that support important lending decisions and drive the growth of local businesses
• Build relationships with lenders, mentors and industry professionals while developing the skills needed for future leadership opportunities within the bank

Why Mercantile Bank?

Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It's more than being a financial institution, it's being a trusted ally and community partner. As Michigan's largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do.

As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class benefit options.

• With a minimum of 3 weeks' vacation, sick time, 11 paid holidays
• generous 401k match of 5%
• company paid life insurance
• tuition reimbursement
• IVF and adoption assistance
• zero-interest loans for fitness equipment and business attire
• discounted bank services
• employee stock purchase plan
• 529 savings plans
• health savings accounts
• flexible spending accounts
• legal protection
• exceptional training and development opportunities
• encouragement to connect with community through volunteer opportunities

A Look into Your Day

You will begin your career as a Credit Analyst alongside a group of driven recent graduates who are eager to launch their careers in commercial banking. Your first eight weeks will consist of immersive commercial credit training in Grand Rapids, Michigan, where you will build a strong foundation in financial analysis, lending, and relationship banking.

Once training is complete, you will put your knowledge into practice by analyzing the financial health of businesses across a variety of industries. Through the review of financial statements, tax returns, cash flow, collateral, and guarantor support, you'll learn how companies operate, generate revenue, and manage risk. No two borrowers are alike, which means every credit request presents a new opportunity to learn and develop your expertise.

As your experience grows, you will prepare written credit presentations and communicate your findings to managers and lenders. Your analysis will play an important role in evaluating a borrower's ability to repay and helping the bank make sound lending decisions. You will develop strong analytical, communication, and presentation skills that will serve you throughout your career.At Mercantile, your career does not stop with the Credit Analyst role. Many of our commercial lenders, managers, and bank leaders began their careers as a Credit Analyst. Through mentorship, hands‑on learning, and exposure to experienced banking professionals, you will build the skills and relationships needed for long‑term success.

In addition to developing your banking knowledge, you will have opportunities to get involved in the communities we serve through volunteer initiatives, networking events, and professional development opportunities.

What We're Looking For

We're looking for ambitious, curious, and motivated individuals who want to build a long-term career in commercial banking. The most successful Credit Analysts enjoy understanding how businesses operate, solving complex problems, and continuously learning. They are naturally inquisitive and enjoy digging into financial information to understand what drives a company's success.

While this role begins with financial analysis, it is designed for individuals who aspire to grow beyond the numbers and into relationship-focused positions. Successful candidates are excited by the opportunity to develop strong credit and financial skills today while preparing for future roles that involve working directly with business owners, building client relationships, and helping companies achieve their goals. If you're analytical, detail-oriented, and eager to grow, this could be the perfect opportunity to launch your banking career!

Requirements:

• Bachelor's degree in finance, Accounting or Business economics
• Minimum cumulative GPA of 3.2
• Completion of at least two college-level accounting courses by May 2027

Preferred Qualifications:

• Cumulative GPA of 3.5 or higher
• Previous internship or relevant work experience in business, finance, banking, or accounting
• Completion of additional accounting coursework beyond the minimum requirement

Work Schedule

As a full-time Credit Analyst, you will typically work from 8am - 5pm, but more hours may be needed for extra study or for putting your best foot forward.