Construction Loan Analyst I
Company: First Merchants Bank
Location: Columbus
Posted on: February 14, 2026
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Job Description:
Job Description Job Description First Merchants Bank is seeking
a Construction Loan Analyst I to join our team! This position will
provide quality customer service through accurate and efficient
processing of residential or commercial constructions loans from
approval through completion of construction and conversion. As part
of this role you would: Depending on assigned LOB, essential duties
and responsibilities may include the following: Work closely with
Relationship Managers, Business Banking Officers, Mortgage Loan
Officers, Underwriters, Partner Services, Commercial Administrators
and Credit Administration to facilitate and resolve issues on new
loan transactions, modifications, and renewals. Prepare budget
analysis, evaluate supporting documentation received from borrowers
and third parties to confirm the project is on budget, that
borrower has injected equity into the project, that all
reclassifications and change orders are properly funded, and that
the borrower is properly documenting their draw request. Work
closely with customers to explain our process for monitoring loans
and to identify and evaluate the appropriateness of customer’s
information submitted for draw requests. Work closely with third
party providers (inspectors, title companies) to identify
information needs and then evaluate the information as received in
the draw process. Exercise independent judgment to determine
closing documents and support information meets compliance and
policies/procedures in regard to construction. Maintain pipeline
and other reports documenting performance in meeting service level
requirements. Review construction loan documentation packages both
internal and outside counsel prepared in evaluating the monitoring
requirements for the loan. Research, analyze, and problem
resolution of advanced and complex commercial loan related issues
for internal and external customers in a professional and
personable manner. Provide timely and accurate customer service in
a professional manner to customers, employees, vendors and all
other inquires. Offer process/procedure improvement suggestions and
raise illogical situations/findings to management. Strong
organizational skills, including the ability to prioritize and
remain calm while working in a fast-paced/deadline driven
environment. Document and maintain procedures for processes.
Complete the annual Contractor Payment Report for 1099 reporting.
(Commercial) Download and review the Commercial Loan Delinquency
report every week. Upload copies of construction draws into OnBase
within 3 days of funding. (Commercial) In order to be successful in
this position, we require the following: High school diploma or
equivalent (GED). Two (2) years of working in an office environment
working with customers. The following would be a plus: Experience
in construction loan monitoring and/or construction management or
accounting Experience in commercial or residential lending
Associate degree MS Office tools Experience in Built or other
construction management software Encompass Loan Origination System
(Residential only) Power BI 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, Middletown , Construction Loan Analyst I, Accounting, Auditing , Columbus, Ohio
