Credit Underwriter Sr - Inventory Finance
Description
This position is available to be filled at any Huntington Bank Corporate office location.
Summary
The Credit Underwriter Sr. - Inventory Finance is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible for financing.
Duties And Responsibilities
- Underwrite high quality credit narratives in support of new and existing loans.
- Review and analyze various transactions.
- Includes review and analysis of applications, financial statements, balance sheets, D&B reports, etc.
- Spreading business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information.
- Understand cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow.
- Research industry trends and risks.
- Perform collateral analysis including accounts receivable, inventory, real estate and investments.
- Run credit reports and gather/analyze KYC information.
- Spread personal financial statements and tax returns for individual guarantors, develop borrower and guarantor global cash flow analysis.
- Work with other areas to monitor delinquency, delinquency trends and repossession activity.
- Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank of this information.
- Prepare written recommendation as to whether the proposed loan should be approved as presented, and provide alternate loan structure recommendations.
- Present to loan committee for loan approvals. Communicate decisions.
- Performs other duties as assigned.
Basic Qualifications
- Bachelor’s degree in Finance, Accounting, Business or related field
- 3+ years wholesale/commercial credit underwriting experience
Preferred Qualifications
- Masters Degree
- Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength
- Experience with deal sizes ranging from 2MM to 10MM being preferred
- Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred
- Strong written/verbal communication and presentation skills
- Demonstrated ability to make sound business judgments while protecting the interests of the bank
- Strong technical skills
#CML Exempt Status
Yes
Workplace Type
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter.
Compensation Range
$57,000 - $124,000 Annual Salary