Description
First Merchants Bank is seeking a Senior Centralized Funding Specialist to join our team! This position plays a critical role in supporting the commercial lending process by reviewing and managing loan documentation, boarding and funding in accordance with regulatory requirements and internal policies. Supports First Merchants vision by delivering high performing, knowledgeable, and responsive service to our internal commercial teams and external bank partners. Foster strong relationships through consistent communication, and operational coordination. Demonstrate a commitment to continuous learning and adaptability as Centralized Funding evolves.
Essential Duties & Responsibilities:
Review commercial loan documentation operational mechanics to determine compatibility with the loan system
Collaborate with relationship managers, closer and other LOB personnel to gather necessary information and resolve documentation, closing, boarding and funding
Oversee the funding of new and amended loan transactions, ensuring timely disbursement and adherence to approval conditions
Maintain detailed records and documentation in loan systems and databases
Act as a subject matter expert to guide team members in loan documentation, boarding and funding processes
Assist in the development and refinement of documentation procedures and best practices
Proficient in syndicated and participation loan transactions
Demonstrates strong organizational skills and multitasking proficiency
Adapts quickly to changing circumstances and implements effective solutions
Engage in cross-functional project teams
Oversee and authorize all outgoing wire transfers and OTEs (Online Transaction Entry)
Engage in pipeline, pre and closing calls
Identify and escalate any deal attributes that are not supported by the servicing system or require significant workarounds or manual intervention
Support loan operations with the onboarding, funding, and quality review of new or amended attorney-prepared facilities
Prepare and send advance notice and clear to close funding and fee notices to participating banks
Use Design, Measure, Analyze, Improve, and Control (DMAIC) methodology to improve processes when possible
To be successful in this position, we require the following:
High school diploma or equivalent (GED).
A minimum of five (5) years of loan administrative or operations experience, in commercial loans.
The following would be a plus:
Bachelor's degree.
Lean Six Sigma - Yellow Belt Certified.
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 Disabilities
This 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.
First Merchants Bank is an Equal Opportunity Employer and E-Verify participant (M/F/D/V).
