Credit Analyst I
First Merchants Corporation•Royal Oak, MI
About The Position
First Merchants Bank is seeking a Credit Analyst I to perform credit analysis, underwriting, and monitoring of the commercial loan portfolio. The role includes completing credit analyses and portfolio-monitoring activities according to required timelines and standards, and using financial spreading software, loan systems, cash flow analysis, and other credit tools. Candidates must have a bachelor's degree; current students graduating in December 2026 are also invited to apply.
Requirements
- Bachelor's degree.
Nice To Haves
- Bachelor's degree in accounting, finance, or business, or completion of such a degree within the current semester.
Responsibilities
- Complete accurate, unbiased credit analyses within required timelines and according to established standards, including cash flow analysis, credit decision summary preparation, and credit processes.
- Complete credit monitoring for a designated portfolio, including spreading and reviewing financial statements, borrowing base and covenant testing, marketable securities and leveraged lending monitoring, and annual credit reviews.
- Accurately assign call codes, NAICS codes, risk grades, and risk rating score data.
- Review appraisals and real estate evaluations.
- Use financial spreading software, loan systems, cash flow analysis, and other credit systems and tools.
- Attend and participate in loan committees as requested.
Benefits
- Base pay plus bonuses
- Medical insurance
- Dental insurance
- Vision insurance
- 401(k)
- Health savings and flexible spending accounts
- Vacation and 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
