Credit Analyst III - Equipment Finance

About the role

The Credit Analyst III - Equipment Finance is responsible for performing financial statement spreading, underwriting and credit analysis to support commercial lending and commercial loan portfolio management activities.

Responsibilities

• Prepare timely, high quality credit analysis and recommendations that accurately and thoroughly evaluate the strengths and weaknesses associated with credit actions.
• Engage in the Opportunity Memo process, assessing the strengths and weaknesses of credits and finalizing Opportunity Memos for presentation.
• Actively participate on OM calls.
• Effectively analyze financial statements and related data, industry risk, loan structure and market conditions to assess the overall creditworthiness and repayment ability of borrowers.
• Utilize financial spreading software as well as other financial analysis tools to evaluate borrower’s cash flow and determine adequacy of the borrower’s primary and secondary repayment sources.
• Conduct underwriting, identify credit risks, analyze repayment capacity and prepare collateral coverage and present in a narrative format within credit memos or modifications to support requests for new money, renewals, annual reviews and modifications.
• Affix to the guidance of the credit approval team to recommend appropriate credit structuring, documentation, and risk controls on credit requests.
• Affix to assist in determining the appropriate level of underwriting and due diligence for the credit’s risk for credit.
• Affix to complete underwriting tasks within expected service level and turnaround times.
• Affix to participate in business calls with commercial lending and credit administration teams.
• Affix to maintain a working knowledge of macroeconomic issues in local markets and regional industries.
• Affix to maintain data integrity with the underwriting platform to ensure accurate record of credit relationships.
• Affix to remain current on all banking rules and regulations relating to Credit Administration, Commercial Lending and Appraisals.
• Affix to identify policy exceptions for credit requests consistent with the Bank’s Commercial Credit Policy.
• Affix to monitor, develop, and suggest revisions to workflows and procedures as necessary to enhance efficiency and minimize expenses.
• Affix to identify potential for credit losses and mitigate risk appropriately.
• Affix to utilize risk rating models to accurately determine risk ratings for credit requests.
• Affix to prioritize assignments with guidance from the Commercial Credit Managers.
• Affix to evaluate the financial condition of guarantors through the effective analysis of personal financial statements and personal tax returns.
• Affix to perform loan covenant testing calculations and update covenant compliance records.
• Affix to complete education, as identified or assigned, to provide expertise in loan underwriting, loan structuring, and overall professional development.
• Affix to develop business writing and professional communication skills.

Requirements

• Demonstrated ability to analyze complex credits accurately and efficiently.
• Knowledge of a lending to a wide variety of industries.
• Ability to analyze detailed financial data, strong computer skills, including word processing and spreadsheets.
• Ability to work with minimal direct supervision and requires the use of independent judgment and decision making.

Qualifications

• Bachelor’s degree in business administration, accounting, management, finance, or related discipline.
• 6-8 years relevant commercial lending or credit administration experience, specifically related to Equipment Finance.

Skills

• Understanding of secured loan documentation; negotiation skills.
• Strong interpersonal skills to effectively communicate with prospects, Senior Account Executives, agent banks, credit administration, and other bank personnel.

Benefits

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.