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
Comerica Great Lakes Campus
8:00am - 5:00pm Monday - Friday (This position offers a hybrid work model that includes onsite and remote days as determined by the manager.)
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.