Sr. Credit Analyst
Position Overview
The Senior Credit Analyst - Inventory Finance is a commercial credit (dealer floorplan) underwriting role that contributes to the underwriting of all transaction sizes. This role has a critically important function to review and process transactions within their earned credit authority and present transactions for total exposures exceeding earned credit authority to senior management across all verticals.
Commitment To Internal Control
The incumbent accepts the responsibility for establishing and maintaining the internal control system associated with the essential duties and responsibilities of the functional areas that the incumbent manages.
Essential Duties And Responsibilities
Underwrite, prepare detailed, thorough credit memos presenting the credit request with appropriate risks and mitigants and decide transactions within earned credit authority.
Present transactions that exceed earned credit authority to senior management.
Review and spread financials/tax returns to provide formative analysis regarding performance and trends.
Familiarity with Moody’s Financial/Risk Analysis or a comparable financial spreading tool is important to assist with underwriting analysis.
Provide articulate, thoughtful, and effective communication when discussing transactions with Sales, Dealers, as well as with internal clients such as the Operations department.
Obtain & analyze public and private information such as Dun & Bradstreet reports, Paynet reports, Secretary of State corporate name verifications, Credit Bureau reports etc.
Knowledge of UCC perfection process, reviewing UCC searches to determine priority, understanding and ability to negotiate intercreditor agreements and other legal documentation.
Research industries, markets, and equipment as necessary.
Ability to work independently to complete assigned new business requests, increases and/or annual reviews.
Responsibility And Decision-Making Authority
Act independently; Decision-making within Company policy.
Qualifications
Minimum 4 years of commercial underwriting experience (not consumer or mortgage) with a bank or other financial institution.
Experience in underwriting commercial dealer floorplan requests across number of industries within transportation, equipment finance, construction, other assets classes.
Competencies
Adapts to changes in the work environment.
Collections and researches data.
Excellent written and verbal communication skills.
Education And Experience
4 - year bachelor’s degree required with a major in finance or management preferred.
Licensing And Certification
N/A
Tools And Equipment Used
Personal computer, copier, phone, and other typical office equipment.
Working Hours
Hours may vary and may require some evening work; frequently requires working 40-45 hours/week depending on business needs.
This is a hybrid position.
Travel Occasional travel related to attendance at industry seminars or to visit with dealers or equipment manufacturers.
Physical Demands
Digital dexterity and hand/eye coordination in operation of office equipment.
Light lifting and carrying of supplies, files, etc.
Ability to speak to and hear customers and/or other employees via phone or in person.
Body motor skills sufficient to enable incumbent to move from one office location to another.
Additional Benefits
Medical, Dental and Vision Plans
401(k) and matching
Generous Paid Time Off
Company paid Life Insurance
Employee assistance program
Training and Development Opportunities
Employee discounts
KPI’s (Key Performance Indicators)
Underwrite and decide transactions.
Obtain and analyze public and private information.
Provide best in class service to internal and external customers.