Job Description

Description

Position Goals:

Provide an independent evaluation of the quality of the bank’s commercial loan portfolio, including large or high risk lending products and credit administration procedures.

Essential Duties and Responsibilities:

Conduct loan reviews in accordance with Loan Review Manual verifying cash flow analysis is accurate and meets corporate standards, loans are in compliance with corporate loan policies and to review and evaluate credit administration procedures.
Meets goals of loan review plan for the year and for the individual unit review.
Determine if assigned grades are accurate in accordance with the grade definitions established in the FMB loan policies and ensure problem credits are identified in a timely manner.
Determine if impairment, impairment reserves and nonaccrual decision are proper and supported by appropriate documentation in accordance with the bank’s loan policies and accounting and regulatory guidance.
Prepare ongoing written communication of loan review findings and properly supported risk grade conclusions in the Loan Review Worksheets.
Assist in the coordination of any outsourcing loan review engagements and external auditors/regulatory agencies as needed.
Assist in the preparation and upgrade of any new loan review software applications.
Attend various loan committee meetings to remain current on new commercial loan products.
Stay current on new regulatory guidance pertaining to large complex credit facilities.
Identify existing and emerging risks trends within commercial portfolios through quarterly trend analysis, and make applicable recommendations for additional portfolio reviews.
Participate in due diligence activities of potential acquisitions.

Position Requirements:

Education - Bachelor’s degree in accounting, finance, business or related field.

Experience - Seven (7) years of related experience in loan review and/or commercial underwriting and cash flow analysis.

Other - None.

Preferred Requirements:

Experience in access database software with ability to write queries, produce reports and gather additional information upon request.

Loan Review Certification

Qualifications

Education

Required

Bachelors or better in Accounting or related field.

Experience

Required

Seven (7) years of related experience in loan review and/or commercial underwriting and cash flow analysis.

Valid through: 3/4/2021

About First Merchants

First Merchants Corporation is the largest financial holding company based in Central Indiana, headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors. First Merchants Corporation's common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. As of July 2020, total asset size of First Merchants Corporation was $13.8 billion. First Merchants offers customers broad financial services throughout locations in Indiana, Ohio, Illinois and Michigan providing: In January 2019 First Merchants Bank was ranked #2 on the “America's Best Bank list compiled by Forbes, up from their #4 ranking in 2018. First Merchants Bank was listed as one of the “Best Places to Work in Indiana” by the Indiana Chamber of Commerce in 2018 for Major Companies with 1,000+ employees and again in 2019. First Merchants Bank was also named as one of the “Best Places to Work” by Columbus Business First for 2018 and as one of the 2019 Best Employers in Ohio, a list created by the Ohio SHRM State Council, Crain's Cleveland Business and Best Companies Group. First Merchants was also named one of the “Best Places to Work” in the state of Illinois in 2018 and again in 2019.

Total Jobs:

Total Experts:

Average Pay:

$103,333

Total value of jobs:

$1,860,000

% Masters:

26%

Learn More About First Merchants view all icon

* Ladders Estimates