Primary Location:
Comerica Great Lakes Campus

Locations:
Farmington Hills, MI US

Additional Locations:
Comerica Great Lakes Campus

Job Type:
Full-time

WorkBest Job Category:
Category C – Days in the office will either be designated days or will vary week to week from 2-5 days

Job Category:
Operations

Required Experience:

Overtime Status:
Non-Exempt

Job ID:
246737

Loan Booking Analyst I

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 position can be performed nationally

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.


Position Qualifications:
  • Accounting course or two years of experience in Financial Services or Lending Operations
  • 2 years banking, accounts payable or accounts receivable experience
  • 1 year of commercial lending documentation experience
  • 1 year of customer service experience
  • 1 year of experience with PC based mainframe systems, loan accounting systems, and Microsoft products

Comerica Great Lakes Campus
Monday – Friday, 8am – 5pm (This position offers a hybrid work model that includes onsite and remote days as determined by the manager.)