Associate

First Merchants Brand•Indianapolis, IN

About The Position

First Merchants Bank is seeking an Associate to join our team! This position will partner with the Relationship Managers (RMs) to support the commercial sales strategy, interface directly with clients and lines of business partners, and serve as a key contributor to the structure of commercial business. The Associate may also be responsible for specializations in Investment Real Estate Banking, which includes direct accountability for loss prevention, extending credit, interviewing applicants, assessing credit risk, reviewing and approving letters of credit, cross-selling opportunities, and coordinating construction loan draws.

Requirements

Bachelor’s degree.

Nice To Haves

Bachelor’s degree in business, finance, economics, accounting or a related field.
Industry specialization – commercial and industrial, investment real estate, agriculture, dental, veterinarian, corporate or commercial client exposure.
Financial statement review, decision and/or financial modeling experience.

Responsibilities

Prepare and provide analytics in support to the commercial sales team.
Interface with client, gather credit and financial information.
Pre-screen and analyze pertinent financial data and Commercial Decision Summary underwriting data.
Prepare Opportunity Memos and other necessary sales presentations.
Assist with completion of annual review and loan covenant/trigger testing.
Ensure clients are in compliance with all covenants (financial and otherwise).
Participate in client meetings with Relationship Manager.
Interface with new and existing clients, work through referrals, build client relationship and extend credit within assigned limits.
Support Relationship Managers with Treasury/cash management needs and solutions.
Monitor loan maturity dates within the portfolio and recommend renewal strategy with the Relationship Manager.
Utilize bank reporting tools to ensure progress is documented and tracked, and prepare various scheduled management reports.
Support portfolio management, assist with loss prevention, identify risk and work delinquent loans up to 30 days.
Assist with projects and developing new or refining existing efficiencies and processes as required.
Review and understand credit agreements and all supporting documentation related to the relationship.
Direct accountability for loss prevention; determine necessary action to be taken on all loans, includes resolving marginal and delinquent loans.
Extend credit within assigned limits to commercial customers.
Interview applicants and obtain information concerning their business needs, abilities and earnings, and assess credit risk.
Review, validate and/or approve letters of credit.
Cross sell opportunities.
Coordinate all construction loan draws with clients and direct submission process with internal construction loan administration desk.
Support RMs in preparation of quarterly PLU’s.