Commercial Loan Closer

First Merchants Bank is seeking a Commercial Loan Closer to join our team! This position will manage the closing process for complex loans by partnering with Relationship Managers (RMs) and outside legal counsel. Ensures loans are closed accurately, efficiently, and in compliance with First Merchants Corporation Commercial Loan Policy.

As part of this role you will: 

• Attend and add value in loan committee discussions; provide input into the loan approval process to ensure consistent delivery and compliance with Commercial Loan Policy.


• Engage attorney and initiate loan closing conference calls.


• Manage loan closing checklist by collaborating with Relationship Manager and acting as liaison with clients, attorneys, and internal partners.


• Examine loan documents as a secondary review to Relationship Manager and reconcile to Credit Decision Summary (CDS) for accuracy and completeness. Includes verification and reconciliation of: negative covenants, affirmative covenants, extension terms, and compliance certificates.


• Coordinate with debt capital markets and participant banks in the distribution of loan documents and determine their merits in conjunction with outside counsel.


• Coordinate the review of loan documentation when First Merchants purchases participations.


• Ensure insurance provisions are consistent with Bank standards and provide standardized requirements to borrower and/or attorney.


• Prepare beneficial ownership forms and loan application.


• Collaborate with Centralized Funding Desk to ensure funding occurs within designated timeframe.


• Assist in training new hires and contribute to process improvements.


• Complete special line of business projects as assigned by Commercial Loan Closing Manager. Specific goals set regularly.

To be successful in this position, we require the following:       

• High school diploma or equivalent (GED).


• Five (5) plus years of commercial loan closing and/or servicing experience.


• One (1) plus year of preparing/reviewing attorney prepared legal loan documentation.

The following would be a plus:       

• Bachelor’s degree, Finance, or related field preferred.


• Proficiency with lending systems.


• Experienced and knowledgeable with highly complex and sophisticated credit agreements and credit approvals.


• Solid understanding of lending regulatory requirements.


• Solid knowledge of departmental systems and applications.


• Knowledge of bank credit policy.

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!