Comerica Bank Job - 41359128 | CareerArc
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Company: Comerica Bank
Location: Livonia, MI
Career Level: Associate
Industries: Banking, Insurance, Financial Services


Commercial Loan Analyst 
The Commercial Analyst analyzes loan documents of a high degree of complexity, identify terms of the loan to setup on the Commercial Loan Accounting system.
Please Note: This is a hybrid position (work from home and two scheduled days on site)   What we can offer you:

  • Competitive compensation starting at $44,000 - $55,000
  • This position has the potential for a signing bonus
  • Flexible Schedule
  • Paid Time Off (PTO)
  • Paid Holidays for Full Time Employees as well as Part Time individuals
  • Health, Dental, Vision and Life Insurance
  • Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
  • 401(k) and Retirement Account Plan
  • Tuition Assistance
  • The opportunity for career advancement
Position Responsibilities:
  • Setting up loans on the Commercial loan system for Balance sheet reporting and customer billing.
  • Analyze the loan documents of various complexity levels, to identify loan terms for the new loans, renewals, payments, and rate changes; credits and debits to GL accounts, repricing's, advances, fees, DDA transactions, and other miscellaneous transactions.
  • Independently analyze loan transactions for proper system processing, completeness of information, and verify that documentation meets Comerica's credit policy and department procedures.
  • Utilize 10 different systems (Mainframes, Imaging systems, Access, Applications, etc.) to complete analysis and booking of transactions.
  • Reconcile new and existing loan balances, fee transactions and funds flow documentation to understand financial structure for booking.
  • Maintains and set up commercial loan accounts using the AFS system, while meeting production standards with a very high degree of accuracy.
  • Handle different loan types that requires utilizing multiple systems to view and research documents to determine correct loan data to book.

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