Commercial Collateral Operations Specialist

First Merchants Corporation • Fort Wayne, IN

3d

About The Position

First Merchants Bank is seeking a Commercial Collateral Operations Specialist to support internal and external customers, lines of business, and the commercial operations department. The role handles commercial collateral requests in a timely and accurate manner in accordance with regulatory requirements, departmental procedures, and service-level agreements. Success requires flexibility to shift responsibilities as needed, the ability to learn quickly, and strong multitasking skills.

Requirements

• High school diploma or equivalent (GED).
• At least two years of commercial collateral, commercial loans, commercial documentation, or related commercial experience.

Nice To Haves

• Three to five years of commercial collateral, commercial loan, or commercial documentation experience.
• Working knowledge of the Horizon core banking system, OnBase system, Simplifile recording system, and Wolters Kluwer Solutions.
• Proficiency in Microsoft Office, with strong Excel skills.
• Experience using government entity recording sites, such as state and local municipalities.

Responsibilities

• Research commercial loans to identify collateral eligible for release by reviewing supporting documents and verifying the submitter’s MAP Authority.
• Review and process commercial collateral requests accurately and promptly, meeting regulatory requirements and service-level agreements.
• Work in the commercial collateral mailbox to process requests and respond to questions.
• Prepare commercial collateral releases for recording, filing, terminating, and discharging collateral.
• Index and image supporting commercial documents in OnBase.
• Process incoming commercial workflow packets.
• Audit the stock and bond portfolio semiannually.
• Interact with commercial customers and lines of business on escalated matters to help resolve issues.
• Participate in team and department meetings, discussions, special projects, and strategy sessions.
• Complete workflow and performance logs daily.
• Provide backup support for the department and team as needed.

Benefits

• Base pay plus bonuses
• Medical, dental, and vision insurance
• 401(k)
• Health savings and flexible spending accounts
• Vacation and sick time
• Paid holidays
• Paid parental leave
• Tuition reimbursement
• Additional benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED