Manager, Credit Department

First Merchants Bank is seeking a Manager, Credit Department to join our team! This position will be responsible for a team of Credit Analysts and Credit Administrative Specialists who perform credit analysis, underwriting and monitoring of a designated commercial loan portfolio, as well as administration within the department.

Essential Duties and Responsibilities:

• Manage staff, includes interview, hire, train and mentor, evaluate performance, recommend salary adjustments and career changes, recommend disciplinary counseling and terminations.
• Provide leadership of the credit analysis function for the assigned Credit Analysts and Credit Administrative Specialists, including:
  
  
  
  • Conduct training for the assigned Credit Analysts to supplement corporate training in all required areas including cash flow analysis, credit decision summary preparation and credit processes.
  • Conduct review of the credit decision summary packages for accuracy and completeness for Credit Analyst I's and other as needed.
  • Manage workflow of the assigned Credit Analysts to completion within expected timeframes
  
  
  
  
• Manage completion of all credit monitoring functions for the designated portfolio including spreading and review of financial statements, borrowing base and covenant testing, marketable securities and leveraged lending monitoring and annual credit reviews.
• Manage data integrity for call codes, NAICS codes, risk grade and risk rating score accuracy.
• Credit analysis duties for more complex or other credits as workflow requires.
  
  
  
  • Assist with underwriting for complex credits to assure accuracy and depth of analysis strength within team
  • Hands on and familiar use with financial spreading software, loan system, cash flow analysis and other credit systems and tools.
  
  
  
  
• Manage the ordering and review of appraisals and completion of real estate evaluations.
• Manage the SAM (special asset management) credit process for designated portfolio including data quality, attending SAM meetings and monitoring risk grade changes.
• Monitor loan review and audit communications to provide timely response to findings.
• Conduct routine department meetings and maximize engagement of the team.
• Participate in the development and delivery of corporate training for credit analysts.
• Participate in loan committees where assigned analyst's credit decision summaries are being presented.
• Participate in credit initiatives as assigned.

To be successful in this position, we require the following:

• Bachelor's degree in accounting, finance, business or related field.
• Four (4) years of related analytical experience; One (1) year of managing others.

The following would be a plus:

• Master's degree in business administration (MBA)
• Prior experience in credit department management.

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!