First Merchants Bank - Daleville, IN
posted 2 months ago
As a Commercial Collateral Operations Specialist at First Merchants Bank, you will play a crucial role in supporting the bank's mission to be the most attentive, knowledgeable, and high-performing bank for its clients, teammates, and stakeholders. This position involves performing a variety of commercial collateral requests to assist both internal and external customers, ensuring that all tasks are executed with precision and in compliance with regulatory requirements and departmental procedures. The role requires flexibility in daily responsibilities, the ability to learn quickly, and strong multitasking skills to manage the diverse demands of the position. Your primary responsibilities will include researching commercial loans to identify collateral that needs to be released, which involves reviewing supporting documents and verifying the MAP Authority of the submitter. You will also be responsible for reviewing and processing commercial collateral requests accurately and promptly, adhering to the established service level agreements (SLA). Daily tasks will involve managing the commercial collateral mailbox, preparing collateral releases for recording, and indexing and imaging supporting documents into the OnBase system. In addition to these tasks, you will conduct semiannual audits of the stock and bond portfolio, interact with commercial customers and various lines of business to resolve escalated matters, and actively participate in team meetings and special projects. Your contributions will support the overall efficiency and effectiveness of the commercial operations department, ensuring that all workflow and performance logs are completed daily and providing backup support to the team as needed.