Careers

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Merchants Bank of Indiana is headquartered in Carmel, Indiana. Merchants focuses on several aspects of mortgage and agricultural lending and retail banking services from six Central Indiana locations.

In 2021, Merchants Bancorp received national recognition from S&P Global Market Intelligence as the #1 best-performing US public bank with assets over $10 billion. Merchants Bancorp has been recognized on this national ranking for seven consecutive years, ranking the highest of any other Indiana institution since 2015, and was also among the top three in the 2019 and 2020 community bank rankings.

Merchants was also listed in the Indianapolis Business Journal (IBJ) Banking and Finance edition in May 2021 as the 6th largest Indianapolis Area Bank. Merchants understands the positive impact of making employees feel valued and is proud to once again be recognized by the Indiana Chamber of Commerce’s Best Places to Work Program. This is the seventh year in a row that Merchants was recognized as a Best Places to Work organization.

Adding to the performance accolades, in 2021, Fortune Magazine named Merchants Bancorp one of the 100 Fastest-Growing Companies in the country.  The IBJ identified Merchants Bank of Indiana as one of the fastest growing companies in the Indianapolis area. Merchants was listed as the #21 fastest growing company with 70% revenue growth from FY 2014 through 2016. The results also reflect a 33% increase in FTEs during the same period.

$9.7
Billion
in Assets

More than
500

Total Merchants Employees 


Nasdaq

Listed (MBIN) 

To view all open positions at Merchants Bancorp’s family of companies, click below.

Content Strategist

Location: Carmel, IN | Date: 05/16/2022
As our Content Strategist, you will develop and implement a comprehensive social media strategy to increase our social media engagement, website traffic, and brand awareness. Day to day you will help your internal customers schedule and plan campaigns, estimate costs, evaluate results and provide recommendations for future social media and digital initiatives. Ultimately, our team’s mission is to ensure our…
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Wire Specialist

Location: Carmel, IN | Date: 05/16/2022
The Wire Specialist is responsible for processing all outgoing and incoming wires and managing all matters related to the successful completion of wire duties within compliance standards. This position provides necessary customer support as well as support to internal team members.The successful Wire Specialist will provide prompt, accurate service to customers and peers in processing wires. This position provides for…
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Vendor Management Specialist

Location: Carmel, IN | Date: 05/16/2022
Summary: The Vendor Management Specialist is responsible for the ongoing management of the organization’s vendor relationships. This role engages in the initial risk assessment for new relationships and is responsible for the onboarding and ongoing risk management, analysis, and reporting on those relationships. This position will work closely with senior management to ensure there is an appropriate level of understanding…
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Underwriter, SBA

Location: Carmel, IN | Date: 05/16/2022
Summary: The SBA Underwriter works within the SBA Lending department and is be responsible for underwriting new and existing customers, analyzing financial statements, collaboration with banking partners and making loan decisions on SBA Banking customers. The SBA Underwriter would be required to manage a pipeline of new credit requests, which includes underwriting and decisioning loan files. Expected Outcomes: The purpose of…
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Tax Manager

Location: Carmel, IN | Date: 05/16/2022
Summary: This position is responsible for the Company’s tax compliance, tax planning and accounting for income taxes. The successful candidate will work with business lines, service providers, and other tax professionals in carrying out his or her responsibilities. He or she will work with financial management within the Company and third-party service providers. In the beginning, tax work is not…
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Staff Accountant

Location: Carmel, IN | Date: 05/16/2022
Job DescriptionSummary: The primary responsibilities for the Staff Accountant will include daily and monthly accounting for multiple entities rolling up to Merchants Bancorp.Expected Outcomes: A successful Staff Accountant will be able to read and understand the financial statements for Merchants Bancorp, dig in to and understand the business, research issues as they arise, become a resource for SEC inputs, and…
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Settlement Specialist

Location: Mt. Laurel, NJ | Date: 05/16/2022
Summary: WH Settlement Specialist review incoming wires from Investors and apply to Purchase advises provided by clients in the Warehouse Lending system “WLS”. This position will also require employees to monitor our Settlements mailbox where clients and MBOI employees alike will need assistance. Expected Outcomes: WH Settlement Specialist are expected to be detail oriented and work well with others in the…
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Senior Underwriter, Multifamily Affordable Housing

Location: Chicago, IL | Date: 05/16/2022
Summary: Merchants Bank of Indiana is seeking an experienced multifamily affordable underwriter. The Senior Underwriter is a management role and is responsible for the oversight and development of the Bank’s Investment Real Estate Credit Analysts. The Senior Underwriter’s team is responsible for ensuring the timely and accurate underwriting of multifamily mortgage loan transactions in accordance with Merchants Bank guidelines. Responsibilities…
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Senior IT Security Engineer

Location: Carmel, IN | Date: 05/16/2022
The Senior IT Security Engineer will be responsible for all IT security activities for Merchants, including general IT security, firewall, MDR, security vendor oversight, network, and communications systems. Security audit planning and support will also be an important part of this role.  Effective communication and excellent customer service are equally important to technical skill and experience.  
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Portfolio Analyst- Business Lending

Location: Carmel, IN | Date: 05/16/2022
As a Portfolio Analyst within the Business Lending team, you would be responsible for assisting in the day-to-day management of the Business Lending Loan Portfolio. In this role, you would be required to manage all aspects of the lending portfolio, which includes managing past due loans, underwriting loan renewals and be a point of contact for our clients and Relationship…
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Personal Banker

Location: Carmel, IN | Date: 05/16/2022
Summary: The Personal Banker/Teller is responsible for providing premier customer service to both existing and potential customers by actively listening to customer requests and effectively, efficiently responding with sound, accurate solutions. A successful Personal Banker/Teller will focus on accurately and efficiently processing account transactions, account changes and loan transactions while establishing positive professional relationships with customers and colleagues. This position…
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Mortgage Loan Originator

Location: Carmel, IN | Date: 05/16/2022
Mortgage Loan Originator position is responsible for developing new residential mortgage business along with analyzing credit worthiness of applicants and negotiating terms, repayment, and collateral requirements. Also included are establishing new relationships with vendors and working with current customers and bank staff to promote and cross-sell bank products and services. 
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Mortgage Loan Originator

Location: Richmond, IN | Date: 05/16/2022
Summary: Mortgage Loan Originator position is responsible for developing new residential mortgage business along with analyzing credit worthiness of applicants and negotiating terms, repayment, and collateral requirements. Also included are establishing new relationships with vendors and working with current customers and bank staff to promote and cross-sell bank products and services.  Essential Duties and Responsibilities:Develop new business by utilizing referrals through…
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Investor Reporting Manager

Location: Carmel, IN | Date: 05/16/2022
Investor Reporting Manager FLSA Status: Exempt Status: Full-time Reports to: VP, Mortgage Servicing     Summary: The Investor Reporting Manager will be responsible for ensuring the accurate and completeness of required reporting, remitting and reconciling for the investors (GNMA, FNMA, FHLMC, King Park) using servicing systems, database and reporting tools. This position performs these accounting tasks as a part of maintaining residential mortgage…
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Executive Administrative Assistant

Location: Carmel, IN | Date: 05/16/2022
The Executive Administrative Assistant is responsible for providing full administrative support to the market president. A successful Executive Administrative Assistant will allow the market president and her team to work efficiently and effectively in making and carrying out business decisions and executing on key project deliverables. The ideal person will rely upon outstanding self-starting initiative to observe, analyze and act…
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Credit Analyst, Multifamily Affordable Housing

Location: Chicago, IL | Date: 05/16/2022
  Summary: Merchants Bank of Indiana is seeking an experienced multifamily affordable underwriter.  The Credit Analyst is responsible for ensuring the timely and accurate underwriting of multifamily and/or healthcare mortgage loan transactions in accordance with Merchants Bank guidelines. Responsibilities include reviewing new applications, monitoring the receipt of all due diligence from the borrower, analyzing the financial feasibility of new transactions, including…
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CRA Business/Commercial Banker

Location: Carmel, IN | Date: 05/16/2022
The Community Reinvestment Act (“CRA”) Business/Commercial Banker will focus on strengthening community relationships as well as proactively sourcing, acquiring, and retaining customers within the Bank’s Indianapolis CRA assessment area (Marion and Hamilton Counties within the Indianapolis-Carmel, Indiana MSA). The CRA Business/Commercial Banker (“CRA Banker”) will spend the majority of the time in the field, on appointments, fostering community partnerships, generating…
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Commercial Underwriter

Location: Carmel, IN | Date: 05/16/2022
Summary: As an Underwriter within the Commercial Lending team, you would be responsible for underwriting new and existing customers, analyzing financial statements, collaboration with banking partners and making loan decisions on Commercial Banking customers. In this role, you would be required to manage a pipeline of new credit requests, which includes underwriting and decisioning loan files.Expected Outcomes: The purpose of…
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Commercial Lending Credit Analyst

Location: North Clearwater, FL | Date: 05/16/2022
Summary: The Commercial Lending Credit Analyst will perform the credit review, monitoring and structuring of commercial warehouse clients. The Commercial Lending Credit Analyst will effectively communicate with the sales team, clients and internal parties to ensure all Credit Approval Reports, credit analyses and on-going compliance reviews are completed within bank policy.Commercial Lending Credit AnalystEssential Duties and Responsibilities:Prepare written credit analyses…
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Business/Commercial Banker

Location: Indianapolis, IN | Date: 05/16/2022
Summary: The Business/Commercial Banker is responsible for proactively sourcing, acquiring and retaining customer relationships while maximizing sales opportunities. The Business/Commercial Banker will spend most of the time in the field, on sales appointments, generating leads and closing business. This position is commission eligible in addition to a strong, competitive base salary.Expected Outcomes: A successful Business/Commercial Banker will focus on growth…
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DE&I Manager

Location: Carmel, IN | Date: 05/16/2022
Summary: The Diversity, Equity & Inclusion Manager is responsible for understanding business and strategic priorities, collaborating with relevant stakeholders, and coordinating initiatives to meet organizational DE&I goals. The DE&I Manager will work as a key member of the HR team, reporting to and in close collaboration with the VP of HR, to consult with internal business groups on aligning business…
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Enterprise Risk Analyst

Location: Carmel, IN | Date: 05/16/2022
Summary: The Enterprise Risk Analyst supports the Risk Management team regarding all aspects of the enterprise-wide risk management program for an assigned business unit(s) that may impact enterprise-level performance. Responsibilities include (a) managing the key elements of the Company’s Enterprise Risk Management (ERM) program, including but not limited to risk identification, assessment, monitoring and reporting, (b) advising on risks and…
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Proudly named to the 2022, 2021, 2020, 2019, 2018, 2017, and 2016 Best Places to Work in Indiana list, Merchants Bank of Indiana strives to create a work environment that rewards hard work and strong performance while encouraging a positive work-life balance. At Merchants we believe our people make the difference in our business and our full range of top-notch employee benefits are key to building and maintaining our amazing team. Merchants Bank of Indiana is proud to be an Equal Opportunity Employer.

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