Job Description
Description
First Merchants Bank is seeking a Loan Review Officer to join our team! This position will 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 & 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.
To be successful in this position, we require the following:
Bachelor's degree in accounting, finance, business or related field.
A minimum of seven (7) years of related experience in loan review and/or commercial underwriting and cash flow analysis.
The following would be a plus:
Experience in access database software with ability to write queries, produce reports and gather additional information upon request
Loan Review Certification
First Merchants offers the following:
Base Pay PLUS Bonuses
Medical, Dental and Vision Insurance
401k
Health Savings and Flexible Spending Accounts
Vacation/Sick Time
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Additional Benefits
A little about us:
First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.
Our Vision is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Apply today to begin your career with us!
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
First Merchants Bank is an Equal Opportunity Employer and E-Verify participant (M/F/D/V).
