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Merchant Underwriter Jobs in Michigan (NOW HIRING)

First Merchant's Bank

Credit Analyst I

Monroe, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchant's Bank

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. A bachelor's degree is ...

FIRST MERCHANTS

Credit Analyst I

Monroe, MI

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

FIRST MERCHANTS

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. A bachelor's degree is ...

First Merchants Bank

Credit Analyst I

Monroe, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Monroe, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Monroe, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. A bachelor's degree is ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. A bachelor's degree is ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. A bachelor's degree is ...

FIRST MERCHANTS

Disclosure Specialist I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Disclosure Specialist I to join our team! This position will ... Determine if a bona fide changed circumstance occurred by working with the processing, underwriting ...

New

FIRST MERCHANTS

Disclosure Specialist I

Monroe, MI

First Merchants Bank is seeking a Disclosure Specialist I to join our team! This position will ... Determine if a bona fide changed circumstance occurred by working with the processing, underwriting ...

New

First Merchants Bank

Disclosure Specialist I

Monroe, MI · On-site

First Merchants Bank is seeking a Disclosure Specialist I to join our team! This position will ... Determine if a bona fide changed circumstance occurred by working with the processing, underwriting ...

New

First Merchants Bank

Disclosure Specialist I

Monroe, MI · On-site

First Merchants Bank is seeking a Disclosure Specialist I to join our team! This position will ... Determine if a bona fide changed circumstance occurred by working with the processing, underwriting ...

New

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All JobsMerchant Underwriter JobsMerchant Underwriter Jobs in Michigan

Merchant Underwriter information

See Michigan salary details

$28.3K

$68.8K

$121.6K

How much do merchant underwriter jobs pay per year?

As of Sep 7, 2026, the average yearly pay for merchant underwriter in Michigan is $68,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,200.00 and $75,800.00 per year, depending on experience, location, and employer.

What is a merchant underwriter?

A Merchant Underwriter is responsible for assessing the risk of businesses applying for merchant accounts to process credit card transactions. They analyze financial statements, credit history, business models, and industry risks to determine approval and pricing. Their role is crucial in preventing fraud and minimizing financial losses for payment processors and banks. Merchant Underwriters must balance risk assessment with business growth goals while ensuring compliance with industry regulations.

What are the key skills and qualifications needed to thrive as a merchant underwriter?

To thrive as a Merchant Underwriter, you need strong analytical skills, a foundational understanding of credit risk and financial analysis, and typically a bachelor’s degree in finance, business, or a related field. Familiarity with underwriting platforms, credit reporting systems, and industry-specific software such as Salesforce or Sageworks is often required. Keen attention to detail, effective communication, and sound judgment are important soft skills that set candidates apart. These abilities are essential for accurately assessing merchant risk, making informed decisions, and maintaining strong client relationships in a fast-paced financial services environment.

What are some typical challenges faced by merchant underwriters, and how are they addressed?

Merchant Underwriters often face the challenge of balancing risk mitigation with the need to approve quality clients quickly. This requires careful analysis of financial documents, staying updated on fraud trends, and making swift yet accurate decisions under tight deadlines. Collaboration with sales, risk, and compliance teams is common to ensure each applicant is thoroughly evaluated. Training, ongoing professional development, and access to robust risk-assessment tools help underwriters address these challenges effectively.

Do merchant underwriters make a lot of money?

Merchant underwriters typically earn a median salary that is competitive within the financial industry, with earnings varying based on experience, location, and employer. They often receive benefits such as health insurance and retirement plans, and some roles may include bonuses or commissions. Overall, the position offers a stable income but is not usually considered highly lucrative compared to other finance roles.

What are the most commonly searched types of Merchant Underwriter jobs in Michigan?

The most popular types of Merchant Underwriter jobs in Michigan are:

What are popular job titles related to Merchant Underwriter jobs in Michigan?

For Merchant Underwriter jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Merchant Underwriter jobs in Michigan look for?

The top searched job categories for Merchant Underwriter jobs in Michigan are:

Merchant Underwriter jobs near you
Infographic showing various Merchant Underwriter job openings in Michigan as of August 2026, with employment types broken down into 90% Full Time, 7% Part Time, 2% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $68,750 per year, or $33.1 per hour.

Credit Analyst I

First Merchant's Bank

Monroe, MI • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 29 days ago

First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

88th of 175 rated banks

Job description

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio.
As part of this role you will:
  • Complete accurate, unbiased credit analyses within required timelines and according to standards including cash flow analysis, credit decision summary preparation and credit processes.
  • Complete credit monitoring functions for designated portfolio including spreading and review of financial statements, borrowing base and covenant testing, marketable securities and leveraged lending monitoring and annual credit reviews.
  • Assign call codes, NAICS codes, risk grade and risk rating score data accurately.
  • Review appraisals and real estate evaluations.
  • Use of financial spreading software, loan system, cash flow analysis and other credit systems and tools
  • Attend and participate in loan committees as requested.

To be successful in this position, we require the following:
  • Bachelor's degree.

The following would be a plus:
  • Bachelor's degree (or completion within current semester) in accounting, finance, or business.

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!
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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