Secured Credit Operations Specialist Job Plainfield area,Indiana USA,Finance & Banking

Join the First Merchants Bank Team as a Secured Credit Operations Specialist!

We are looking for a motivated individual to handle operational tasks related to secured credit delivery within our commercial banking portfolio. This is an exciting opportunity to develop your skills in a rewarding environment.

In this role, you will:

Secured Credit Tasks:

Exercise judgment for the approval or denial of draw requests and manage daily draws, ensuring seamless processing during absences.
Develop flow of funds documents and identify essential accounts for effective ABL monitoring.
Create and maintain comprehensive files for each account, including loan documents, customer details, and collateral information.
Review collateral and borrowing base reports, validating calculations of borrowing availability by analyzing accounts receivable, accounts payable, and inventory as needed. Share line availability updates with loan services and account managers.
Communicate significant issues over advances to management and play a key role in problem resolution.
Explain the secured credit function and daily operations to customers effectively.
Provide trend reporting and analysis as requested, including a weekly portfolio availability report.
Engage with clients to address questions and resolve issues related to draws and availability.

Letters of Credit Tasks:

Monitor documentary collections, commercial letters, and standby letters of credit.
Manage letter of credit expirations, auto-renewals, and cancellation processes.
Consult with Relationship Managers on information necessary for issuing standby, international standby, and commercial letters of credit.
Set up and track customers utilizing our correspondent for issuing international letters of credit.
Understand the documentary collections process for imports or exports.
Deliver timely and accurate customer service in a professional manner.

Provide backup support for cross-functional operating units within Credit.

Complete compliance and assigned training and development initiatives.

To be successful in this position, we require:

High School Diploma or equivalent (GED).
At least one (1) year of relevant analytical or banking experience.

Preferred Qualifications:

Bachelor's degree.
Experience in secured credit, Stucky Net system, commercial credit analysis, or letters of credit (domestic or international).
Proficiency in MS Office products including Word, Outlook, and Excel.
Familiarity with Adobe Acrobat and the ability to learn job-related software quickly.

First Merchants Bank offers:

Competitive Base Pay PLUS Bonuses
Comprehensive Medical, Dental, and Vision Insurance
401k Plan
Health Savings and Flexible Spending Accounts
Generous Vacation/Sick Time
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Additional Employee Benefits

About First Merchants:

Our philosophy is centered around creating a meaningful workplace and making a positive impact across the communities we serve. Our Vision and Mission statements reflect our commitment to excellence and responsive service.

Our Vision:

To enhance the financial wellness of the diverse communities we serve.

Our Mission:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

We are a dynamic group of colleagues from various backgrounds, united by our passion for making a positive difference in the lives of others. We appreciate diversity and embrace inclusion.

Apply now to start 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.

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