First Merchants Corporation · 21 hours ago
Secured Credit Operations Analyst
Daleville, Indiana, United States
Full-time
Onsite
Entry Level
1+ years expFirst Merchants Bank is seeking a Secured Credit Operations Analyst to join our team! This position will carry out operational tasks related to secured credit delivery within the commercial banking portfolio, including approving draw requests and monitoring letters of credit.
Financial Services
Responsibilities
Exercise judgement for the approval or denial of draw requests. Approve daily draws and ensure backup processing in the event of an absence
Develop flow of funds documents and identify accounts needed for proper ABL monitoring
Create and maintain a working file for each followed account, containing relevant loan documents, customer information and collateral information
Review collateral and borrowing base reports. Validate the calculation of borrowing availability by analyzing accounts receivable, accounts payable and inventory as appropriate. Communicate line availability to loan services and account managers
Communicate over advances and other significant issues to management and participate in the resolution of such problems
Explain and communicate secured credit function and daily operations to customers
Provide trend reporting and analysis as requested and provide a weekly portfolio availability report
Interface with clients as needed for questions and resolution of issues on draws and availability
Monitor documentary collections, commercial letters and standby letters of credit
Monitor and manage the upcoming letter of credit expiration, auto-renewal and cancellation process
Provide consultation to RM/CA on information needed for FMB issued standby, international standby and commercial letters of credit
Establish and set-up/track FMB customer’s utilizing our correspondent to issue international letters of credit
Knowledge of documentary collections process for import or export
Provide timely and accurate customer service in a professional manner
Serve as backup for other cross-functional operating units within Credit
Complete compliance and assigned training and development
Qualification
Required
High School Diploma or equivalent (GED)
A minimum of one (1) year of related analytical or banking experience
Preferred
Bachelor's degree
Secured credit, StuckyNet system, commercial credit analysis or letters of credit domestic or international is preferred
Proficient use of MS Office products including Word, Outlook and Excel
Adobe Acrobat experience and the ability to learn job-related software
Benefits
Medical, Dental and Vision Insurance
401k
Health Savings and Flexible Spending Accounts
Vacation/Sick Time
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Additional Benefits
Company
First Merchants Corporation
First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Mark Hardwick
Chief Executive Officer
Mike Rechin
President and CEO
Recent News
Inside INdiana Business
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