Credit Support Specialist
The Credit Support Specialist is responsible for performing various departmental functions including reporting, loan covenant tracking, statement tracking, risk rating, credit reviews, and credit file maintenance, also assists with the processing of credit approval documents and assists Relationship Managers (RMs) and/or Portfolio Managers (PMs) and the Commercial Underwriting Center with preparation of financial statement spreading, loan requests, monitoring loan covenants, and other credit analysis as requested.
Position Competencies
Successful incumbents possess basic financial accounting knowledge, time management skills, strong communication skills, are accountable, strong teamwork skills, strong attention to detail and ability to multi-task.
Reporting Information
The Credit Support Specialist reports to the Commercial Credit Support Center Manager.
Position Responsibilities
1. Financial Statement Spreading & Tracking
•Accurately spreads financial statements and identifies inconsistencies and inaccuracies.
•Maintains statement tracking system and prepare reports to ensure timely receipt of customer financial information.
•Monitors financial covenant tracking system to ensure compliance.
2. RECAP Preparation
•At the request of the underwriting center, may assist with the preparation of the RECAP (Record Evidencing Credit Approval Package) shell and basic attachments.
•Orders required personal credit reports, background checks, OFAC (Office of Foreign Asset Control) checks and other due diligence reports as required.
3. Reporting
•May assist in the preparation of Credit Quality Review (CQR) packages.
•Prepares various reports. Reports include but are not limited to: Delinquent Statement Report, Past Due Loans, Covenant Exception Report and/or Input risk rating changes/updates accurately and timely.
4. Other Duties
•Uses SharePoint workload tool to capture work completed.
•Strives to meet or exceed SLAs (Service Level Agreements), or when not possible, communicates to Commercial Credit Support Center Manager.
•Other duties as required by the Commercial Credit Support Center Manager.
Relocation
Relocation assistance is not provided for this position.
Travel
Travel is not required for this position.
Work Schedule
This positions work schedule may require overtime.
About Comerica
We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.
Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
