Commercial Collateral Operations Specialist

• Research commercial loans to identify collateral to be released by reviewing the proper supporting documents and verifying the MAP Authority of the submitter.

• Review and process commercial collateral requests with accuracy and in a timely manner in accordance with regulatory requirements and within our SLA (service level agreement).

• Daily assist the team by working within our commercial collateral mailbox to process commercial collateral requests and respond to questions.

• Prepare commercial collateral releases for recording, filing, terminating, and discharging commercial collateral.
• Responsible for indexing and imaging supporting commercial documents into OnBase.
• Process incoming commercial workflow packets.
• Perform an audit of the stock and bond portfolio on a semiannual basis.
• Interact with commercial customers and lines of businesses on escalated matters to help correct and provide a resolution.
• Actively participate in team and department meetings, discussions, special projects, and strategy sessions to support the commercial operations department as a whole.
• Complete workflow and performance logs daily.
• Provide backup support for the department and the team as needed.

• High school diploma or equivalent (GED).
• A minimum of two (2) years of commercial collateral, commercial loans, commercial documentation, or related commercial experience.

• 3 to 5 years of commercial collateral, commercial loan, or commercial documentation experience.
• Working knowledge with Horizon core banking system, OnBase system, Simplifile recording system, and Wolters Kluwer Solutions.
• Proficiency in Microsoft Office with Strong Excel skills.
• Experience using various government entity recording sites, such as state and local municipalities.

First Merchants offers the following: 

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

A little about us: 

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy. 

Our Vision is: 

To enhance the financial wellness of the diverse communities we serve. 

Our Mission is: 

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders. 

Our Team: 

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!