At Mercantile Bank of Michigan, we are dedicated to our Customers, Employees and Communities. Our exceptional team members are committed to maintaining an environment of personal growth and development while providing professional and personalized service to customers and supporting our diverse communities.
Employees are our most valuable asset! If you have an interest in joining a team that operates with INTEGRITY, DISCIPLINE and PURPOSE, consider Mercantile Bank as a potential employer.
Loan Review Specialist
SUMMARY
Performs a variety of duties related to monitoring and maintaining bank loan quality.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned:
- Reviews, spreads and analyzes customer financial information.
- Performs a rating analysis for commercial loans.
- Analyzes loans in the Bank's portfolio and renders judgments of the borrower's credit worthiness and the loan's collectability.
- Prepares loan review write-ups on the risk of default, risk of loss, quality of loan documentation, and condition of credit file.
- Detects potential problem loans at early stages.
- Detects adverse trends in credit quality, underwriting standards, and loan monitoring.
- Measures the appropriateness of and adherence to credit policies and procedures.
- Evaluates objectively loan officer performance.
- Interacts with loan officers and other loan personnel regarding lending issues.
- Assists with the training and mentoring of less experienced credit personnel.
- Maintains strong expertise in loan documentation and loan structuring.
- Develops and maintains knowledge and expertise in the area of regulatory compliance especially in relation to the lending function.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required:
- Bachelor's degree from a four-year college or university with a major in Accounting or Finance preferred; or three to five years related banking experience; or a combination of education and experience.
- 1-2 years of prior commercial credit experience desired.
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra and geometry as well as various concepts of corporate finance. Ability to calculate loan amortizations.
- Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.
- Ability to work in an office environment which may include many hours of computer and phone usage. Reasonable accommodations may be made to ensure individuals with disabilities can perform the essential functions.
We believe embracing human diversity makes us a better bank. We know it makes us better people.
Employees with dissimilar backgrounds, perspectives, opinions and lifestyles help us understand the motivations and desires of our many different customers. Thus, we will strive to maintain a workforce that reflects the increasing diversity of the communities we serve by ensuring equal employment opportunity for all persons without discrimination on the basis of race, color, religion, sex/gender (including gender identity), national origin, age, height, weight, disability, medical condition, genetic information, sexual orientation, disabled or Vietnam era veteran, other forms of military status, marital status, or other protected characteristics.
