About Company
Mercantile Bank of Michigan is a community-focused financial institution dedicated to serving individuals and businesses across Michigan. Since our inception, we have built a reputation for fostering strong client relationships, delivering exceptional financial solutions, and deeply investing in the communities we serve. We pride ourselves on a culture of integrity, innovation, and unwavering commitment to both our customers and our team members. At Mercantile Bank, we understand that our success is directly tied to the talent and dedication of our employees. We empower our team with the resources and support needed to thrive professionally, while also promoting a healthy work-life balance. Joining Mercantile Bank means becoming part of a trusted institution that values its people, embraces new ideas, and actively contributes to the economic vitality of Michigan.
Job Description
Mercantile Bank of Michigan is seeking a highly analytical and detail-oriented Remote Credit Analyst to join our dynamic team. This is an exciting opportunity for an experienced professional to leverage their expertise from the comfort of their home, with the added benefit of a flexible work schedule designed to accommodate a modern lifestyle. As a Remote Credit Analyst, you will play a critical role in supporting our commercial lending operations by conducting thorough financial analysis, assessing credit risk, and preparing comprehensive credit reports. You will work independently, collaborating virtually with our lending officers and management to facilitate sound credit decisions. Your day-to-day will involve analyzing financial statements, evaluating industry trends, and providing insightful recommendations that contribute to the bank’s portfolio growth and risk management strategies. We are looking for someone who thrives in an autonomous environment, possesses strong communication skills, and is adept at managing multiple priorities effectively. This role requires a proactive individual who can maintain the highest standards of accuracy and compliance while working remotely. If you are passionate about finance, possess a keen eye for detail, and are looking for a role that offers flexibility without compromising professional growth, we encourage you to apply.
Key Responsibilities
- Conduct comprehensive financial analysis of commercial loan applicants, including historical performance, projections, and industry comparisons.
- Evaluate creditworthiness, identify key risks and mitigating factors, and determine appropriate loan structures.
- Prepare clear, concise, and well-supported credit memorandums and reports for presentation to lending committees.
- Collaborate virtually with lending officers to gather necessary information, discuss credit requests, and articulate analysis findings.
- Monitor existing loan portfolios for adherence to covenants and identify early warning signs of credit deterioration.
- Stay current with economic trends, industry developments, and regulatory changes affecting commercial lending.
- Assist in the development and implementation of credit policies and procedures.
- Participate in special projects and initiatives as assigned by management.
Required Skills
- Proficiency in financial statement analysis and cash flow modeling.
- Strong understanding of commercial credit principles and lending practices.
- Excellent written and verbal communication skills, suitable for remote collaboration.
- Advanced proficiency in Microsoft Excel and other financial software.
- Exceptional attention to detail and accuracy.
- Ability to work independently and manage time effectively in a remote setting.
- Demonstrated problem-solving and analytical abilities.
Preferred Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Certification such as Credit Risk Management (CRM) or similar.
- Experience with commercial real estate or specific industry lending.
- Familiarity with financial reporting systems and CRM software.
- Proven ability to adapt to new technologies and remote work tools.
Perks & Benefits
- Competitive salary and performance-based incentives.
- Comprehensive health, dental, and vision insurance.
- Generous paid time off (PTO) and holidays.
- 401(k) retirement plan with company match.
- Flexible work schedule options.
- Opportunities for professional development and career advancement.
- Remote work environment with dedicated virtual support.
- Employee assistance program (EAP).
How to Apply
Interested candidates are encouraged to apply by clicking the application link below. Please ensure your resume and cover letter highlight your relevant experience and how your skills align with the requirements of this remote, flexible Credit Analyst role. We look forward to reviewing your application!