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First Manager Jobs in Pendleton, IN (NOW HIRING)

First Merchants Bank is seeking a Commercial Loan Closer to join our team! This position will manage the closing process for complex loans by partnering with Relationship Managers (RMs) and outside ...

Front Desk Administrator

Indianapolis, IN · On-site

$15.50 - $20.50/hr

FRONT DESK ADMINISTRATOR Be the warm, professional face and voice clients encounter first Manage reception, switchboard, and appointment coordination Keep the office running -- supplies, mail ...

First Merchants is seeking a Wealth Advisor III to join our team! This position will develop new client relationships through prospecting efforts and coordinate development of investment management ...

Senior Contract Analyst

Daleville, IN

$56K - $68K/yr

First Merchants Bank is seeking a Senior Contract Analyst to join our team! This position will ... Confer with management on amendments and settlements. * Create and communicate concise and ...

Senior Contract Analyst

Indianapolis, IN · On-site

$66K - $79K/yr

First Merchants Bank is seeking a Senior Contract Analyst to join our team! This position will ... Confer with management on amendments and settlements. * Create and communicate concise and ...

First Merchants Bank is seeking an Applications Analyst to join our team! This person will ensure ... Manage the operational vendor relationship. * Ensure system backups and restores are occurring as ...

Escrow Officer (in office)

Indianapolis, IN · On-site

$24.42 - $32.56/hr

First American's Direct division provides comprehensive title insurance protection and professional ... accounts, managing funds, processing documents for closings, and completing settlements in ...

We're Looking For: We're hiring AI-first Software Engineers to build, evolve, and scale OPENLANE ... Reporting to the OPENLANE IT Sr. Manager, this role collaborates closely with Product Managers ...

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First Manager information

What is the difference between First Manager vs Team Lead?

AspectFirst ManagerTeam Lead
ResponsibilitiesOversees multiple teams, manages department goals, strategic planningGuides a specific team, focuses on task execution, mentoring team members
Required CredentialsOften requires management experience, sometimes a degree in business or related fieldUsually requires experience in the specific team area, sometimes certifications in project management
Work EnvironmentOffice setting, cross-department collaboration, higher-level decision makingTeam-based environment, direct supervision, project-focused

The main difference between a First Manager and a Team Lead lies in scope and responsibilities. A First Manager typically oversees multiple teams and handles strategic planning, while a Team Lead focuses on guiding a specific team and executing tasks. Both roles require leadership skills, but the First Manager's role is broader and more strategic.

What is a first manager?

A first manager is an entry-level managerial position responsible for overseeing a team or department, implementing company policies, and ensuring team productivity. This role typically requires leadership skills, communication abilities, and sometimes relevant certifications or training. First managers often report to higher-level managers and play a key role in team development and operational success.

What are the key skills and qualifications needed to thrive as a First Manager, and why are they important?

To thrive as a First Manager, you need strong leadership, problem-solving abilities, and a foundational understanding of business operations, typically supported by relevant managerial experience or a degree in management. Familiarity with project management software, HR systems, and performance evaluation tools is often required. Excellent communication, emotional intelligence, and team-building skills distinguish top performers in this role. These competencies are crucial for effectively guiding teams, achieving organizational goals, and fostering a positive workplace culture.

What are First Managers?

First Managers, often referred to as first-line or frontline managers, are individuals who directly supervise non-managerial employees and are responsible for overseeing the day-to-day operations of a team or department. They act as a link between upper management and the workforce, implementing organizational policies and ensuring tasks are completed efficiently. First Managers are typically responsible for training staff, monitoring performance, resolving conflicts, and providing feedback. Their role is crucial in translating company goals into actionable tasks and maintaining employee motivation and productivity.

What is the 70 30 rule in hiring?

The 70 30 rule in hiring suggests that 70% of the hiring decision should be based on a candidate's skills and experience, while 30% should consider cultural fit and soft skills. For a First Manager, this balance helps ensure the candidate can perform technically while aligning with team dynamics and company values.

What job makes $10,000 a month without a degree?

A First Manager role, such as a sales manager or operations manager, can potentially earn $10,000 or more per month through experience, performance bonuses, and leadership responsibilities. These positions often require strong leadership skills, industry knowledge, and relevant experience rather than formal degrees.

What are some common challenges a First Manager might face when transitioning from an individual contributor to a leadership role?

First Managers often find the shift from executing tasks individually to leading a team to be both rewarding and challenging. One of the most common hurdles is learning to delegate effectively while trusting team members to deliver quality work. Additionally, First Managers must develop strong communication skills to provide feedback, resolve conflicts, and motivate their teams. Balancing their own workload with new responsibilities like performance reviews and team development can also present a learning curve. Support from senior leaders and ongoing management training can help smooth this transition.

What jobs in the US pay 300,000 a year?

For a First Manager, high-paying roles often include executive positions such as General Manager, Operations Manager, or Director roles in large corporations, which can reach or exceed $300,000 annually with bonuses and incentives. These positions typically require extensive experience, leadership skills, and sometimes advanced certifications or degrees. Compensation varies based on industry, company size, and geographic location.
Commercial Loan Closer

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 27 days ago


First Merchants Bank rating

8.0

Company rating: 8.0 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

54th of 141 rated banks


Job description

First Merchants Bank is seeking a Commercial Loan Closer to join our team! This position will manage the closing process for complex loans by partnering with Relationship Managers (RMs) and outside legal counsel. Ensures loans are closed accurately, efficiently, and in compliance with First Merchants Corporation Commercial Loan Policy.

As part of this role you will: 

  • Attend and add value in loan committee discussions; provide input into the loan approval process to ensure consistent delivery and compliance with Commercial Loan Policy.
  • Engage attorney and initiate loan closing conference calls.
  • Manage loan closing checklist by collaborating with Relationship Manager and acting as liaison with clients, attorneys, and internal partners.
  • Examine loan documents as a secondary review to Relationship Manager and reconcile to Credit Decision Summary (CDS) for accuracy and completeness. Includes verification and reconciliation of: negative covenants, affirmative covenants, extension terms, and compliance certificates.
  • Coordinate with debt capital markets and participant banks in the distribution of loan documents and determine their merits in conjunction with outside counsel.
  • Coordinate the review of loan documentation when First Merchants purchases participations.
  • Ensure insurance provisions are consistent with Bank standards and provide standardized requirements to borrower and/or attorney.
  • Prepare beneficial ownership forms and loan application.
  • Collaborate with Centralized Funding Desk to ensure funding occurs within designated timeframe.
  • Assist in training new hires and contribute to process improvements.
  • Complete special line of business projects as assigned by Commercial Loan Closing Manager. Specific goals set regularly.

To be successful in this position, we require the following:       

  • High school diploma or equivalent (GED).
  • Five (5) plus years of commercial loan closing and/or servicing experience.
  • One (1) plus year of preparing/reviewing attorney prepared legal loan documentation.

The following would be a plus:       

  • Bachelor’s degree, Finance, or related field preferred.
  • Proficiency with lending systems.
  • Experienced and knowledgeable with highly complex and sophisticated credit agreements and credit approvals.
  • Solid understanding of lending regulatory requirements.
  • Solid knowledge of departmental systems and applications.
  • Knowledge of bank credit policy.

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!     


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