Credit Analyst I

First Merchants Corporation; Royal Oak (MD); On-site; USD 60,000 - 75,000; Full time

Benefits offered by this job

Base Pay

Bonuses

Medical Insurance

Dental Insurance

Vision Insurance

401k

HSA

FSA

Paid Holidays

Paid Parental Leave

Tuition Reimbursement

Additional Benefits

Job summary

First Merchants Bank seeks a Credit Analyst I to join our team in Maryland. You will perform credit analyses, underwriting and ongoing monitoring of the commercial loan portfolio.

A bachelor’s degree is required, and we welcome current students who will graduate in December 2026 or graduates already holding a degree. The role emphasizes accurate financial review, cash flow analysis, risk scoring, and participation in loan committees to ensure sound lending decisions.

Qualifications

• Bachelor’s degree required.
• We welcome current students who will graduate in December 2026.

Responsibilities

• Perform credit analyses and underwriting for the commercial loan portfolio.
• Monitor portfolio including financial statement spreading and covenant testing.
• Assist in loan decision processes and participate in loan committees as needed.
• Assign call codes, NAICS codes, risk grades and risk ratings accurately.
• Review appraisals and real estate evaluations.

Skills

Credit analysis

Cash flow analysis

Financial statement spreading

Risk scoring

Loan committee participation

Education

Bachelor's degree

Tools

Credit systems

Spreading software

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. A bachelor's degree is required for this position. We are excited to consider current students who will graduate in December 2026, as well as candidates who have already earned their degree.

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."