Job Description
Commercial Loan Analyst
The Commercial Analyst analyzes loan documents of a high degree of complexity, identify terms of the loan to setup on the Commercial Loan Accounting system.
Please Note: This position can be performed nationally
What we can offer you:
• Competitive compensation starting at $44,000 - $55,000
• This position has the potential for a signing bonus
• Flexible Schedule
• Paid Time Off (PTO)
• Paid Holidays for Full Time Employees as well as Part Time individuals
• Health, Dental, Vision and Life Insurance
• Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
• 401(k) and Retirement Account Plan
• Tuition Assistance
• The opportunity for career advancement
Position Responsibilities:
• Setting up loans on the Commercial loan system for Balance sheet reporting and customer billing.
• Analyze the loan documents of various complexity levels, to identify loan terms for the new loans, renewals, payments, and rate changes; credits and debits to GL accounts, repricing's, advances, fees, DDA transactions, and other miscellaneous transactions.
• Independently analyze loan transactions for proper system processing, completeness of information, and verify that documentation meets Comerica's credit policy and department procedures.
• Utilize 10 different systems (Mainframes, Imaging systems, Access, Applications, etc.) to complete analysis and booking of transactions.
• Reconcile new and existing loan balances, fee transactions and funds flow documentation to understand financial structure for booking.
• Maintains and set up commercial loan accounts using the AFS system, while meeting production standards with a very high degree of accuracy.
• Handle different loan types that requires utilizing multiple systems to view and research documents to determine correct loan data to book.
Position Qualifications:
• Accounting course or two years of experience in Financial Services or Lending Operations
• 2 years banking, accounts payable or accounts receivable experience
• 1 year of commercial lending documentation experience
• 1 year of customer service experience
• 1 year of experience with PC based mainframe systems, loan accounting systems, and Microsoft products
Work Best Category:
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours:
8:00am - 5:00pm Monday - Friday
Salary:
To Be Determined Based on Individual Experience
The Commercial Analyst analyzes loan documents of a high degree of complexity, identify terms of the loan to setup on the Commercial Loan Accounting system.
Please Note: This position can be performed nationally
What we can offer you:
• Competitive compensation starting at $44,000 - $55,000
• This position has the potential for a signing bonus
• Flexible Schedule
• Paid Time Off (PTO)
• Paid Holidays for Full Time Employees as well as Part Time individuals
• Health, Dental, Vision and Life Insurance
• Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
• 401(k) and Retirement Account Plan
• Tuition Assistance
• The opportunity for career advancement
Position Responsibilities:
• Setting up loans on the Commercial loan system for Balance sheet reporting and customer billing.
• Analyze the loan documents of various complexity levels, to identify loan terms for the new loans, renewals, payments, and rate changes; credits and debits to GL accounts, repricing's, advances, fees, DDA transactions, and other miscellaneous transactions.
• Independently analyze loan transactions for proper system processing, completeness of information, and verify that documentation meets Comerica's credit policy and department procedures.
• Utilize 10 different systems (Mainframes, Imaging systems, Access, Applications, etc.) to complete analysis and booking of transactions.
• Reconcile new and existing loan balances, fee transactions and funds flow documentation to understand financial structure for booking.
• Maintains and set up commercial loan accounts using the AFS system, while meeting production standards with a very high degree of accuracy.
• Handle different loan types that requires utilizing multiple systems to view and research documents to determine correct loan data to book.
Position Qualifications:
• Accounting course or two years of experience in Financial Services or Lending Operations
• 2 years banking, accounts payable or accounts receivable experience
• 1 year of commercial lending documentation experience
• 1 year of customer service experience
• 1 year of experience with PC based mainframe systems, loan accounting systems, and Microsoft products
Work Best Category:
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours:
8:00am - 5:00pm Monday - Friday
Salary:
To Be Determined Based on Individual Experience
💡 Quick Summary
Seeking a career-building opportunity? The Commercial Loan Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Farmington Hills offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
