Credit Support Specialist

Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k), remote work
United States, Michigan, Farmington Hills
Dec 23, 2024
Credit Support Specialist Credit Support Specialists have a foundational impact on the organization with a responsibility to own and manage credit-related data within the bank. Our Credit Support Specialists perform various key departmental functions, including reporting, loan covenant & statement tracking, risk rating, credit reviews and credit file maintenance. They partner with Relationship Managers, Portfolio Managers and credit team members within the Commercial Underwriting Center to support the bank's credit approval process. Please Note: This position will be relocating to Farmington Hills starting Q4 2023 Team Structure and Development Opportunities Reports to the Commercial Credit Manager. Professional career development through assessments, coaching, team building, and mentoring. Exposure to senior and executive leadership. Collaborative and supportive team environment. Gain in-depth knowledge of lending and non-lending products and services, including Treasury Management, Wealth Management, International Trade Services, Foreign Exchange, and Global Capital Markets. Key Responsibilities Financial Statement Spreading & Tracking Maintain statement tracking system, accurately creating spreads of financial statements to identify inconsistencies or inaccuracies. Monitor financial covenant tracking system to ensure compliance RECAP Preparation Prepare the RECAP (Record Evidencing Credit Approval Package) shell with basic attachments. Request personal credit reports, background checks, OFAC (Office of Foreign Asset Control) checks and other due diligence as required. Reporting Prepare various reports accurately and timely, which include but are not limited to: Delinquent Statement Report, Past Due Loans, Covenant Exception Report and/or Input risk rating changes/updates. Assist in the preparation of Credit Quality Review (CQR) packages. Position Qualifications: High School Diploma or GED Two (2) college level Accounting courses OR 2 years of relevant experience in loan documentation, lending support, loan credit analysis, financial statement analysis, accounting, bookkeeping, or general ledger Seeking candidates with: Basic financial accounting knowledge Excellent verbal and written communication skills Time management skills and ability to handle multiple assignments Attention to detail Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days Hours: 8:00am - 5:00pm Monday - Friday. This position includes onsite and remote work days. Salary: To Be Determined Based on Individual Experience About Comerica We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure. Upon offer, Comerica conducts a comprehensive background and fingerprint check. NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act. Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.