Secured Credit Operations Analyst

Company: First Merchants Bank
Location: Munster
Posted on: February 13, 2026

Job Description:

Job Description Job Description First Merchants Bank is seeking a Secured Credit Operations Analyst to join our team! This position will carry out operational tasks related to secured credit delivery within the commercial banking portfolio. As part of this role you will: Secured Credit tasks: Exercise judgement for the approval or denial of draw requests. Approve daily draws and ensure backup processing in the event of an absence. Develop flow of funds documents and identify accounts needed for proper ABL monitoring. Create and maintain a working file for each followed account, containing relevant loan documents, customer information and collateral information. Review collateral and borrowing base reports. Validate the calculation of borrowing availability by analyzing accounts receivable, accounts payable and inventory as appropriate. Communicate line availability to loan services and account managers. Communicate over advances and other significant issues to management and participate in the resolution of such problems. Explain and communicate secured credit function and daily operations to customers. Provide trend reporting and analysis as requested and provide a weekly portfolio availability report. Interface with clients as needed for questions and resolution of issues on draws and availability. Letters of Credit tasks: Monitor documentary collections, commercial letters and standby letters of credit. Monitor and manage the upcoming letter of credit expiration, auto-renewal and cancellation process. Provide consultation to RM/CA on information needed for FMB issued standby, international standby and commercial letters of credit. Establish and set-up/track FMB customer’s utilizing our correspondent to issue international letters of credit. Knowledge of documentary collections process for import or export. Provide timely and accurate customer service in a professional manner. Serve as backup for other cross-functional operating units within Credit. Complete compliance and assigned training and development. In order to be successful in this position, we require the following: High School Diploma or equivalent (GED). A minimum of one (1) year of related analytical or banking experience. The following would be a plus: Bachelor’s degree. Secured credit, StuckyNet system, commercial credit analysis or letters of credit domestic or international is preferred. Proficient use of MS Office products including Word, Outlook and Excel. Adobe Acrobat experience and the ability to learn job-related software. 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!

Keywords: First Merchants Bank, Rockford , Secured Credit Operations Analyst, Accounting, Auditing , Munster, Illinois