SBL Credit Analyst II

First Merchants Corporation•Columbus, OH

16d•Onsite

About The Position

First Merchants Bank is seeking an SBL Credit Analyst II to join their team. This position is responsible for financial analysis and review of SBA program eligibility requirements on assigned loan submissions. Utilizing designated lending authority, the analyst will provide complete and accurate credit memos with justified recommendations to management for final credit decision.

Requirements

Bachelor’s degree in Business, Finance, Accounting or relevant field required.
3+ years related work experience required.
Flexibility and adaptability/collaboration skills.
Good listening skills and coachability.
An ability to problem-solve and think proactively.
Excellent technical and computing skills, including proficiency in Microsoft Office – Word, Outlook, Excel.
Strong Critical thinking, problem solving, and excellent written and verbal communication skills.
Strong attention to detail.
Ability to manage multiple loan submissions/tasks in various stages simultaneously.

Nice To Haves

7+ years related work experience preferred.
Sageworks Analysis experienced desired.
Credit Risk Certifications, Certified Public Accountant, Certified Commercial Investment, or other lending/credit certification.
Lending Authority experience.

Responsibilities

Financial analysis and review of SBA program eligibility requirements on assigned loan submissions.
Utilize designated lending authority to provide complete and accurate credit memos with justified recommendations to management for final credit decision.
Knowledge and understanding of Bank Loan Policy.
Basic knowledge of SBA SOP and eligibility requirements.
Stay up to date with economy related knowledge.
Be compliant with all regulations and compliance requirements pertaining to job function.
Run and review all relevant third-party reports and search for available data on public websites as necessary to support the loan presentation including Credit Reports, CLEAR Reports, etc.
Financial collections.
Covenant tracking.
Support the Servicing Team with all Credit Administration needs.
Prepare credit memos.
Complete tax verifications of sellers and borrowers.
Complete assigned re-approval loan presentations and change memos.
Complete Adverse Action requirements.
Attend National Markets Committee to provide commentary as needed in support of loan requests.
Review original documents to understand the nature of loan requests.
Spread financial statements/tax returns and complete preliminary analysis of repayment capacity.
Generate and communicate to customers the credit needs list within approved service level obligations.
Complete credit memos with justified and accurate narratives/information for final review by management while meeting SBA requirements for the small loan credit memo.
Conduct communication with customers to facilitate the gathering and synthesis of all relevant and necessary information.
Effectively manage time and priorities to meet deadlines, dealing with multiple loan requests simultaneously in a time-sensitive environment.
Achieve and maintain base level of knowledge of commercial banking regulations, financial and cash flow analysis, and loan structuring.
Complete internal loan reviews.
Recommend loan structures, working with lenders.
Determine risk rating.
Actively participate in loan committee.
Role will have designated lending approval authority.
Maintain a superior level of customer service with both external and internal customer and favorably represent the Bank to such customers.
Carry out such other duties as may be assigned or requested.