Credit Support Specialist

Full Time
Detroit, MI 48226
Posted
Job description

Welcome!

We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.

Qualifications

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
Comerica demonstrates its commitment to the communities it serves through a strong culture of diversity and inclusion, community investment and environmental commitment. We are recognized as one of the most community-minded companies in the nation by Points of Light, earning a Top 10 ranking in Newsweek's list of America's Most Responsible Companies, and ranked by DiversityInc® as Top 4 regional companies for diversity.

Job Description

Comerica is the largest U.S. commercial bank headquartered in Texas with a focus on relationships and helping people and businesses be successful. With over 170 years of success, Comerica's longevity is a testament to its strong relationship focus, conservative principles, and dedicated workforce - more than 7,800 colleagues, who serve as Comerica's ambassadors in the community.

At Comerica, our colleagues are essential to our success. We strive to provide you with the opportunity to grow and develop, both personally and professionally, by offering a wide range of programs that are designed to recognize, reward and develop you throughout your career.

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.
Team Structure and Development Opportunities
  • Reports to the Commercial Credit Support Center Manager; Nine teams make up the Credit Support Center to support a variety of business development divisions/concentrations
  • 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.
  • Lines of Business: Business Banking, Middle Market, Private Banking, Commercial Real Estate, Large Corporate, Technology Life Sciences, Equity Fund Services, Environmental Services, Mortgage Banker Finance, International, National Dealer Services, Energy
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
  • Upon request, 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.

Work Hours

8:00am - 5:00pm Monday - Friday

WorkBest Job Category

Category C - Days may vary based on workweek schedule (1-5 days in office)

Minimum Salary Range

Maximum Salary Range

Work Location(s)

Comerica Bank Center (CBC)

About Comerica

We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.

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 by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 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.

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