Credit Analyst I: Underwriting & Financial Analysis

First Merchants Brand; Detroit (MI); On-site; USD 60,000 - 75,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

401k

Health Savings and Flexible Spending

Vacation/Sick Time

Paid Holidays

Tuition Reimbursement

Additional Benefits

Job summary

First Merchants Bank is seeking a Credit Analyst I to join our team in Detroit, MI. The role involves credit analysis, underwriting, and monitoring of the commercial loan portfolio, with a bachelor’s degree required. Current students graduating in December 2026 are encouraged to apply.

Responsibilities include preparing credit analyses, monitoring portfolio performance, and supporting loan committees. Applicants should have strong analytical skills and knowledge of financial statements.

Qualifications

• Bachelor’s degree in accounting, finance, or business.
• Current students graduating in December 2026 are welcome to apply.
• Strong analytical and financial statement/cash flow skills required.

Responsibilities

• Perform credit analyses within required timelines and standards, including cash flow analysis and credit decision summaries.
• Monitor designated portfolios: spreading, financial statements, covenants, and credit reviews.
• Assign call codes, NAICS codes, risk grades and risk ratings accurately.
• Review appraisals and real estate valuations.
• Utilize spreading software, loan systems and other credit tools.
• Attend and participate in loan committees as requested.

Skills

Credit analysis

Underwriting

Financial statement analysis

Cash flow analysis

Attention to detail

Education

Bachelor's degree in accounting, finance, or business

Tools

Spreading software

Loan system

Credit systems & tools

Job description

First Merchants Bank is seeking a Credit Analyst I to join our team in Detroit, MI. The role involves credit analysis, underwriting, and monitoring of the commercial loan portfolio, with a bachelor’s degree required. Current students graduating in December 2026 are encouraged to apply.

Responsibilities include preparing credit analyses, monitoring portfolio performance, and supporting loan committees. Applicants should have strong analytical skills and knowledge of financial statements.