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.
• Spreading 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 = not eligible for overtime pay

• No = eligible for overtime pay

  Workplace Type

  Office

  Exempt Status

  Yes

  Compensation Range

  $57,000 - $124,000 Annual Salary