Entry-Level Credit Analyst – Underwriting & Analysis

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. 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.