First Merchants Bank is seeking an Associate to join our team! This position will partner with the Relationship Managers (RMs) to support the commercial sales strategy, interface directly with clients and lines of business partners, and serve as a key contributor to the structure of commercial business.
As part of this role you will:
1. Prepare and provide analytics in support to the commercial sales team.
- Interface with client, gather credit and financial information.
- Pre-screen and analyze pertinent financial data and Commercial Decision Summary underwriting data.
- Prepare Opportunity Memos and other necessary sales presentations
2. Assist with completion of annual review and loan covenant/trigger testing.
- Ensure clients are in compliance with all covenants (financial and otherwise).
3. Participate in client meetings with Relationship Manager. Interface with new and existing clients, work through referrals, build client relationship and extend credit within assigned limits.
4. Support Relationship Managers with Treasury/cash management needs and solutions.
5. Monitor loan maturity dates within the portfolio and recommend renewal strategy with the Relationship Manager.
6. Utilize bank reporting tools to ensure progress is documented and tracked, and prepare various scheduled management reports.
7. Support portfolio management, assist with loss prevention, identify risk and work delinquent loans up to 30 days.
8. Assist with projects and developing new or refining existing efficiencies and processes as required.
9. Review and understand credit agreements and all supporting documentation related to the relationship.
In addition to the above, the Associate may be responsible for one of the specializations below:
Investment Real Estate Banking
1. Direct accountability for loss prevention; determine necessary action to be taken on all loans, includes resolving marginal and delinquent loans.
2. Extend credit within assigned limits to commercial customers.
- Interview applicants and obtain information concerning their business needs, abilities and earnings, and assess credit risk.
- Review, validate and/or approve letters of credit.
- Cross sell opportunities.
3. Coordinate all construction loan draws with clients and direct submission process with internal construction loan administration desk.
4. Support RMs in preparation of quarterly PLU’s.
To be successful in this role, we require the following:
- Bachelor’s degree.
The following would be a plus:
- Bachelor’s degree in business, finance, economics, accounting or a related field.
- Industry specialization – commercial and industrial, investment real estate, agriculture, dental, veterinarian, corporate or commercial client exposure.
- Financial statement review, decision and/or financial modeling experience.
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 DisabilitiesThis 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.
Top Skills
What We Do
First Merchants Corporation is the largest financial services holding company 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 (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. First Merchants offers customers broad financial services throughout locations in Indiana, Ohio, Illinois and Michigan providing: • Commercial Banking (business) – checking, treasury management, card services, financing, loans, electronic banking, online and mobile banking. • Personal Banking (consumer) – checking, savings, CDs, mortgages, loans, IRAs, HSAs, online and mobile banking. • Private Wealth Advisors - trusts, investments, 401(k) plans, 403(b) plans, profit sharing plans, pension plans, cross-tested plans, cash balance plans, Flexible Spending Accounts, IRAs, SEP IRAs, and succession planning. First Merchants is committed to customers by: • Developing strong relationships. o As financial advisors – our professionals listen and provide solutions o The tenure of our professionals averages eight years, meaning you will enjoy continuity of service o We hire local professionals from the communities we serve • Customers benefit from local decision making. o Decisions are made faster o The process is streamlined, with each customer having a single point of contact. o Our financial professionals are empowered to develop tailored solutions. • The local communities we serve benefit from First Merchants’ involvement and support.
