Credit Analyst I
About The Position
First Merchants Bank is seeking a Credit Analyst I to join our team! This position will provide upfront and ongoing credit risk assessment support for the cash flow lending portfolio. As part of this role you will: Master basic skills and developing complex skills required to complete the following tasks: Complete accurate, unbiased credit analyses according to standards: Spread and analyze financial data; and Credit risk assessment and analysis for credit requests, renewals, and reviews. Complete interim risk monitoring: Spread and review of financial data; Complete trend reports for borrowing base certificates; Complete covenant monitoring; Report concerns to management and relationship managers; Compile quarterly portfolio review reports for cash flow portfolio; Assist with ongoing stress testing of cash flow portfolio Perform enterprise valuation (EV) work for trouble credits. Order and review third party field work, including field exams, inventory & equipment appraisals Attend and participate in Specialty Lending Committee, Corporate Special Assets (as requested) and Executive Loan Committee (as requested). Attend and participate in department and policy meetings as requested.
Requirements
- Bachelor’s degree
- One (1) year of related commercial credit or related analytical experience
Nice To Haves
- Bachelor’s degree in accounting, finance or business
Responsibilities
- Complete accurate, unbiased credit analyses according to standards
- Spread and analyze financial data
- Credit risk assessment and analysis for credit requests, renewals, and reviews
- Complete interim risk monitoring
- Spread and review of financial data
- Complete trend reports for borrowing base certificates
- Complete covenant monitoring
- Report concerns to management and relationship managers
- Compile quarterly portfolio review reports for cash flow portfolio
- Assist with ongoing stress testing of cash flow portfolio
- Perform enterprise valuation (EV) work for trouble credits
- Order and review third party field work, including field exams, inventory & equipment appraisals
- Attend and participate in Specialty Lending Committee, Corporate Special Assets (as requested) and Executive Loan Committee (as requested)
- Attend and participate in department and policy meetings as requested
Benefits
- Base Pay PLUS Bonuses
- Medical, Dental and Vision Insurance
- 401k
- Health Savings and Flexible Spending Accounts
- Vacation/Sick Time
- Paid Holidays
- Paid Parental Leave
- Tuition Reimbursement
- Additional Benefits
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
