Sr. Credit Analyst

About the role

NewLane Finance is a commercial equipment finance company that aims to revolutionize small business lending through advanced technology and a dedicated workforce. The company offers financing solutions to businesses through partnerships with equipment manufacturers, distributors, and dealers. This position is part of a larger $20B financial organization.

Responsibilities

• Review and evaluate credit risk for commercial businesses, focusing on tickets up to $500,000.
• Interpret commercial and consumer reports and related information to make sound credit decisions.
• Analyze business financial statements and tax returns to assess the applicant's financial condition and repayment capacity.
• Ensure all transactions comply with NewLane’s Credit policies and procedures.
• Present credit approval summaries to Credit and Senior Management when necessary.
• Qualify and approve equipment dealers and collateral for financing.
• Perform fraud checks and due diligence during the underwriting process.
• Collaborate with Sales, Credit, and Senior Management teams daily.
• Work independently and collaboratively within a cross-functional team.
• Show strong organizational skills and attention to detail.
• Communicate effectively both verbally and in writing.
• Provide exceptional customer service.
• Understand and adhere to NewLane’s audit procedures and internal controls.

Qualifications

• Bachelor’s degree in finance, economics, accounting, or a related field required.
• At least 3 years of related experience, preferably in small business financing or leasing.
• A strong understanding of business tax returns, financial statements, and business concepts.
• Excellent proficiency in Microsoft Office Suite, particularly Excel.
• Good knowledge of other functional departments and their interactions with the Credit department.
• Strong interpersonal skills and ability to build relationships.
• A customer service focus and professional approach to managing B2B relationships.

Pay

The salary range for this position is $64,491.00 - $105,949.50, with individual base pay varying based on experience, skills, education, location, and other business needs. Additional compensation may include discretionary and formula-based incentive and retention awards, as well as a competitive benefits package including medical, dental, and vision coverage, a 401(k) plan, life, accident, and disability insurance, and wellness programs.

Schedule

Details regarding the schedule are not specified in the job description.

Benefits

WSFS Bank offers a comprehensive benefits package that includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); wellness programs; and paid parental leave, military leave, vacation, and other paid time off, sick leave, and paid holidays. Benefits may vary based on location and employment status.