Credit Analyst I

First-Merchants-Bank; Royal Oak (MI); On-site; USD 50,000 - 65,000; Full time

Benefits offered by this job

Medical/Dental/Vision insurance

401k

HSAs/FSAs

Vacation/Sick time

Paid holidays

Tuition reimbursement

Additional benefits

Job summary

First Merchants Bank is seeking a Credit Analyst I to join our team. You will perform credit analysis, underwriting and monitoring of the commercial loan portfolio, with a bachelor’s degree required. We will consider current students graduating in December 2026 as well as degree-holders.

You will analyze cash flows, assign risk ratings, review appraisals, and use credit systems. The role includes committee participation, and offers health benefits, 401k, and tuition reimbursement.

Qualifications

• Bachelor’s degree in accounting, finance, or business.
• Current students who will graduate in December 2026 are eligible.
• Bachelor’s degree or completion within current semester required.

Responsibilities

• Perform accurate, unbiased credit analyses within required timelines and according to standards including cash flow analysis and credit decision summaries.
• Complete credit monitoring for designated portfolio including spreading, reviewing financial statements, covenant testing, and annual reviews.
• Assign call codes, NAICS codes, risk grades and risk rating scores accurately.
• Review appraisals and real estate evaluations.
• Utilize financial spreading software, loan systems and other credit tools.
• Attend and participate in loan committees as requested.

Skills

Credit analysis

Financial statement analysis

Attention to detail

Time management

Education

Bachelor’s degree in accounting/finance/business

Tools

Financial spreading software

Loan system

Credit systems/tools

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:

The following would be a plus:

• Bachelor’s degree (or completion within current semester) in accounting, finance, or business.

First Merchants offers the following:

• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• 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.\"

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.