Credit Analyst - Mercantile Bank

Start your career in banking with us! Mercantile Bank is looking to hire full-time Credit Analysts to support our Commercial Lending teams in the following markets: Traverse City, Mount Pleasant, Lansing, Troy, Holland and Grand Rapids. Receive the best Commercial Training in the state and be part of a team that is on track to become future leaders in banking.

You will enjoy benefits such as multiple Medical, Dental and Vision plans to choose from, Company Paid Life Insurance of 3 times your annual salary, Health Savings Accounts, Flexible Spending Accounts, 3 weeks' vacation, sick time to care for yourself and your family, 11 paid holidays and a Giving Day to do work that you are passionate about in the community. We also offer Employee Assistance Program (EAP), Adoption and IVF Assistance, and a Fitness Equipment Purchase Plan.

Investing in your financial wellness and career development is also important to us. We provide 401(k) match at 100% up to the first 5% of your contribution Employee Stock Purchase Plan, Discounted bank services, Legal protection, Tuition Reimbursement, Exceptional training, and development opportunities. We have beautiful workspaces with sit-to-stand desks, open spaces to collaborate with others, and close mentors.

Who we are

With over 40 locations, nearly 700 employees, and $5.6 billion in total assets, Mercantile Bank has grown to be Michigan's largest community bank. What does it mean to be a community bank? Of course, we provide innovative financial products and services in a highly professional and personalized manner, but our dedication to serving our customers and communities doesn't stop there. Through our knowledgeable and service-focused team, we aim to make banking easier for people, and we are committed to building and strengthening relationships in the diverse communities we serve.

What you will do as a Credit Analyst

You will start your career as a Credit Analyst with a group of other energetic college graduates who are ready to start their banking career, like you. Your first 8 weeks will be filled with extensive commercial credit training in Grand Rapids, MI. After your training is complete you will begin to use your new knowledge and analytical abilities to conduct thorough assessments of client financial information. You will figure out how companies make money by examining crucial factors such as cash flow, collateral, and guarantor support. As an excellent communicator with stellar written and presentation skills, you will prepare a write-up and present your findings to our managers and lenders, paying particular attention to a borrower's ability to repay. Your insightful evaluation is invaluable to our lending team and helps them decide whether to invest bank capital with a particular borrower.

Each credit request presents a different set of challenges that you will take the initiative to quickly learn to address as you accept more and more complex requests. You career doesn't stop as a Credit Analyst. Our Credit Analysts are highly sought for future leadership and sales positions within the bank. The team at Mercantile is committed to seeing each team member grow through interactions with mentors and co-workers.

In addition to learning about commercial banking, you will get to know your community through volunteer opportunities and networking with other centers of influences.

What you need to be successful

Do you enjoy learning how companies make money? Are you ambitious and eager to learn? Does a career in a Sales orientated position appeal to you? Do you pride yourself on sticking to a task until it's complete? Are you attentive to detail? Do you take initiative? Are you mathematically and analytically minded? If yes, you might just be perfect for this position!

In addition to the competencies listed above we look for the following when considering our top candidates:

• Bachelor's degree in business, preferably in finance or accounting.
• College GPA of 3.2, 3.5 or higher preferred.
• Previous internship experience in business or finance is preferred.
• It is our preference that all Credit Analysts work in Grand Rapids for their first year of service. After one year Credit Analysts will transition to their home market in Traverse City, Mount Pleasant, Lansing, Troy, Holland or Grand Rapids. We will talk about this during the interview process.

Work Schedule

As a full-time Credit Analyst, you will typically work from 8 am - 5 pm, but more hours may be needed for extra study or for putting your best foot forward.