Credit Analyst I: Underwrite & Monitor Commercial Loans

First Merchants Brand; Monroe (MI); On-site; USD 52,000 - 66,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

401k

Health Savings Accounts

Flexible Spending Accounts

Vacation/Sick Time

Paid Holidays

Paid Parental Leave

Tuition Reimbursement

Additional Benefits

Job summary

First Merchants Bank is seeking a Credit Analyst I to join our team. This role will perform credit analysis, underwriting and ongoing monitoring of the commercial loan portfolio to support sound credit decisions.

You will analyze cash flows, prepare credit decision summaries, and participate in loan committees as needed, with opportunities to grow your expertise in credit systems and marketable securities monitoring.

Qualifications

• Bachelor’s degree.
• Strong ability to perform credit analyses within required timelines and standards.
• Experience with cash flow analysis and credit decision summaries is advantageous.

Responsibilities

• Complete accurate, unbiased credit analyses within required timelines and according to standards.
• Perform credit monitoring: spreading and review of financial statements, covenant testing, 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 tools.
• Attend and participate in loan committees as requested.

Skills

Credit analysis

Underwriting

Credit monitoring

Financial spreading

Credit systems

Education

Bachelor’s degree

Accounting, Finance, or Business degree

Tools

Credit systems

Financial spreading software

Job description

First Merchants Bank is seeking a Credit Analyst I to join our team. This role will perform credit analysis, underwriting and ongoing monitoring of the commercial loan portfolio to support sound credit decisions.

You will analyze cash flows, prepare credit decision summaries, and participate in loan committees as needed, with opportunities to grow your expertise in credit systems and marketable securities monitoring.