Small Business Credit Analyst I
Position Summary
The Small Business Credit Analyst I is responsible for evaluating business applications by analyzing commercial and consumer bureaus to assess creditworthiness of potential borrowers. The Small Business Credit Analyst I makes recommendations, issues approvals, and declines credit requests in accordance with company credit risk policies, compliance guidelines, and profitability models.
Essential Responsibilities
Review business loan and lease applications and conduct underwriting activities to assess risk, including analyzing commercial and consumer credit reports and other relevant data
Ensure compliance with company lending policies, regulations, and industry standards by following underwriting procedures
Determine credit limits, terms, structure, and interest rates based on risk assessment and company lending policies
Communicate application outcomes to dealers via phone, email, or other appropriate means of communication to solicit business
Handle inbound calls and make outbound calls to negotiate final terms of contracts with both dealer customers and SFS Dealer Relationship Managers
Maintain confidentiality of personal information for consumers, including, but not limited to, Social Security numbers, and dates of birth
Other duties as assigned
Qualifications and Competencies
Required Experience: One (1) year minimum of auto finance experience as a loan processor, funder, or underwriter
Education: High school diploma or GED, required
Skills Required: Intermediate skills using MS Office applications such as Word, PowerPoint and Excel, Effective communication skills, both written and verbal, Strong analytical and problem-solving skills, Ability to make sound decisions based on thorough analysis and evaluation, Exceptional attention to detail and accuracy, Ability to meet tight deadlines within a fast-paced environment, High level of integrity and ethical conduct, Overtime required – required on an as needed basis, Travel 0-10% - as required on an as needed basis
Preferred: BS/BA Degree in Business, Finance or Accounting or other related field, is preferred, Understanding of credit reports, credit risk assessment, and underwriting principles is a plus, Knowledge of industry specific web-based tools such as DnB, Experian, LexisNexis, etc. is preferred