Commercial Loan Analyst

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