Credit Analyst

Summary

Join our team as a Credit Analyst in Equipment Finance! This remote position focuses on analyzing and making credit decisions for equipment leases and financings, ranging from $50,000 to $500,000+. You will review financial data, assess credit risks, and prepare credit submissions. The role requires strong analytical skills, experience in commercial underwriting, and a bachelor's degree in a related field. You will also monitor collateral values and partner with processors to ensure proper loan documentation. This position offers the opportunity to develop and execute company policies and build strong relationships.

Requirements

• 2+ years of commercial underwriting experience
• Bachelor’s Degree in Finance, Accounting, or other related field required
• Independent/single signature credit authority in the $250K-$350K
• Ability to analyze financial statements and tax returns
• Ability to understand business relationships and business entity structures and their effect on financial condition and status
• Knowledge of business lending, with specific expertise of Equipment Leasing and Vendor Finance
• Knowledge of standard concepts, practices, and procedures within the lending field
• Knowledge of word processing, spreadsheet, and/or financial
• Possess excellent written and verbal communication skills

Responsibilities

• Analyze and make credit decisions within assigned authority or make recommendations for credits ranging from $50k to $500k+, including Equipment Leases and Financings, Recourse and Non-recourse Lines of Credit and Vendor Programs, while ensuring risk exposure consistent with the company’s credit quality guidelines
• Review financial data such as income, balance sheet and cash flow statements, perform ratio analysis; analyze growth, quality of management, market share, entity structures, equipment appraisals and borrower business plans in order to make recommendations with regards to credit capacity. Includes analyzing credit information from credit reporting agencies and other third-party sources
• Research and examine credit risks, assess history, and articulate reasons for support of an extension of credit
• Prepare credit submissions to Sr. Management when recommending approval
• Conduct on-going verification and regular tracking of customers’ credit quality through periodic review of credit reports, analysis of required financial information, and any other approval conditions
• Monitor collateral values, valuation dates, and methodologies within company policy
• Partner with processors to ensure loan documentation is consistent with requirements provided by credit authorizations. Identify any other issues requiring attention prior to approval/funding

Preferred Qualifications

• Experience managing and developing others and ability to build and maintain relationships
• Experience developing, modifying, and executing company policies