The Senior Loan Review Associate resides in the Loan Review team, within Enterprise Risk Management. This position will help conduct loan reviews across the Bank’s non-consumer loan portfolios. This role involves analyzing financial information, collateral, and underwriting decisions to ensure compliance with Bank policies and regulatory guidelines. The analyst will evaluate the quality and condition of individual credit and determine appropriateness of risk ratings. The Senior Loan Review Associate consults and timely provides the VP, Loan Review an objective assessment of the credits reviewed.

Internal loan review provides management and the board with an objective, independent, and timely assessment of the overall quality of the non-consumer loan portfolios. The Senior Loan Review Associate is expected to validate the loan risk ratings based on the timely identification of problem loans by the business units so that necessary action can be taken to strengthen credit quality and minimize the Bank's credit loss. An effective credit risk review system identifies relevant trends that affect the quality of the loan portfolio and highlights portfolio segments that are potential problem areas.

After one year as our Senior Loan Review Associate you should be able to do the following confidently and independently...

• Conduct loan review analysis of non-consumer loans in the Bank's various portfolios. These reviews include:

1- Analyses of financial information, cash flow, collateral, loan documentation and underwriting decisions.

2- Analyzing Debt Service Coverage Ratio and/or covenant trends, and classified asset update/action plans.

3- Ensuring individual loan transactions are adequately underwritten and properly graded, conforming to Policy.

• Make recommendations for adjustments to the loan risk grade. Collaborate, confer and discuss results and recommendations with the VP, Loan Review and applicable credit personnel.
• If applicable, participate in targeted reviews as directed by the VP, Loan Review. For example, complete retrospective reviews (postmortem reviews) and lessons learned to identify issues/trends that may need improved in underwriting and/or asset management (control break downs), to prevent similar credit issues from occurring in the future.
• Identify relevant portfolio trends that may indicate changes in the credit risk.
• Work to develop and maintain functional partnerships with colleagues in the line of business to ensure effective communication and understanding of credit related processes.
• Promotes and maintains a positive work atmosphere by behaving and communicating in a positive, professional manner to work effectively with co-workers, management, partners, and vendors.
• Ensure compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

What we are looking for...

• Bachelor’s degree in a business-related or accounting field required with minimum of 5 years’ experience as a credit analyst, loan review associate or risk analyst of a steadily growing commercial portfolio.
• Knowledge in SBA, commercial & industrial, multi-family and healthcare lending and experience in banking or a financial services industry background preferred.
• Strong analytical and organization skills.
• Ability to influence at all levels of the organization through strong verbal and written communication skills as well as confidentiality required.

Our Benefits: Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more.

About Merchants

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.