Credit Analyst I

First Merchants Bank - Indianapolis, IN

Full-time - Entry Level

Indianapolis, IN

Credit Intermediation and Related Activities

About the position

First Merchants Bank is seeking a Credit Analyst I to perform credit analysis, underwriting, and monitoring of the commercial loan portfolio. This entry-level position involves completing accurate credit analyses, monitoring financial statements, and participating in loan committees to support the bank's mission of enhancing financial wellness in the communities served.

Responsibilities

• Complete accurate, unbiased credit analyses within required timelines and according to standards including cash flow analysis, credit decision summary preparation, and credit processes.
• Complete credit monitoring functions for designated portfolio including spreading and review of financial statements, borrowing base and covenant testing, marketable securities and leveraged lending monitoring, and annual credit reviews.
• Assign call codes, NAICS codes, risk grade, and risk rating score data accurately.
• Review appraisals and real estate evaluations.
• Use financial spreading software, loan system, cash flow analysis, and other credit systems and tools.
• Attend and participate in loan committees as requested.

Requirements

• Bachelor's degree in accounting, finance, or business (or completion within current semester).

Nice-to-haves

• Bachelor's degree in accounting, finance, or business (or completion within current semester).

Benefits

• Paid parental leave
• Paid holidays
• Health insurance
• Dental insurance
• 401(k)
• Flexible spending account
• Tuition reimbursement
• Vision insurance