Credit Support Specialist - Detroit, MI
Posted on: 22 Mar 2021
Detroit, MI
Job Description
Credit Support Specialist
The Credit Support Specialist is responsible for performing various departmental functions including reporting, loan covenant tracking, statement tracking, risk rating, credit reviews, and credit file maintenance, also assists with the processing of credit approval documents and assists Relationship Managers (RMs) and/or Portfolio Managers (PMs) and the Commercial Underwriting Center with preparation of financial statement spreading, loan requests, monitoring loan covenants, and other credit analysis as requested.
Position Competencies
Successful incumbents possess basic financial accounting knowledge, time management skills, strong communication skills, are accountable, strong teamwork skills, strong attention to detail and ability to multi-task.
Position Responsibilities:
Financial Statement Spreading & Tracking
* Accurately spreads financial statements and identifies inconsistencies and inaccuracies.
* Maintains statement tracking system and prepare reports to ensure timely receipt of customer financial information.
* Monitors financial covenant tracking system to ensure compliance.
RECAP Preparation
* At the request of the underwriting center, may assist with the preparation of the RECAP (Record Evidencing Credit Approval Package) shell and basic attachments.
* Orders required personal credit reports, background checks, OFAC (Office of Foreign Asset Control) checks and other due diligence reports as required.
Reporting
* May assist in the preparation of Credit Quality Review (CQR) packages.
* Prepares various reports. Reports include but are not limited to: Delinquent Statement Report, Past Due Loans, Covenant Exception Report and/or Input risk rating changes/updates accurately and timely.
Other Duties
* Uses SharePoint workload tool to capture work completed.
* Strives to meet or exceed SLAs (Service Level Agreements), or when not possible, communicates to Commercial Credit Support Center Manager.
* Other duties as required by the Commercial Credit Support Center Manager.
Work Schedule
This positions work schedule may require overtime.
Reporting Information
The Credit Support Specialist reports to the Commercial Credit Support Center Manager.
Position Qualifications
* High School Diploma or GED
* 2 college level accounting classes OR 2 years of related experience and/or training in banking, finance or accounting (i.e. loan documentation, lending support, loan credit analysis, financial statement analysis, accounting, bookkeeping, payroll or equivalent)
Comerica Bank Center (CBC)8:00am - 5:00pm (Monday - Friday)
Comerica
Dallas, TX
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services middle market businesses, multinational corporations, and governmental entities.
The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. It also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services.
It also sells annuity products; and life, disability, and long-term care insurance products. The company also engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, and Michigan, as well as in Arizona and Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
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IndustryBanking/Financial Services
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No. of Employees7,573
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Website
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Jobs Posted222
