Credit Analyst
The Credit Analyst analyzes financial statements and credit data to determine the degree of risk involved in extending credit to potential borrowers. Prepare credit memos and present recommendations to credit committees. Provide superior service and support to internal and external partners as well as customers and potential borrowers.
This person reports to the Vice President of Finance
RESPONSIBILITIES:
- Act as the liaison between potential borrowers and equipment distributors for financing needs
- Review, analyze and interpret provided financial information from potential borrowers, including Pro-forma data
- Request and obtain additional documents from potential borrowers as deemed necessary by the credit committee
- Review business entity documents before preparing loan packages
- Review all loan packages for accuracy and completeness, including all statements required, credit risk, and rationale of the transaction
- Compile detailed financial statements regarding finance and credit data, and present them to loan credit committees for approval
- Enter all applications into a proprietary loan origination system with accuracy
- Ensure collateral lien is perfected according to the approved credit decisions
- Ensure sufficient insurance coverage and accurate insurance clause requirements
- Prepare new loan packages, modifications, renewals, extension documents of loans, and loan addendums as needed
- Research and identify process improvement opportunities and make recommendations to management
- Reconcile customer statements/billings
- Perform cross-functional duties/projects within the department as needed
REQUIREMENTS:
- 3+ years experience with equipment financing and/or asset-based lending
- Bachelors in finance or related field
- Highly analytical with strong critical thinking skills
- Proficient with basic principles of loan documentation, legal documents, interpreting financial statements, tax returns, and perfection of security interest
- Familiarity with leasing or loan origination software
- Excellent communication (written/oral) and negotiating skills
- Proficient with Microsoft Office Suite, and telephone consultation
- Detail-oriented
- Self-motivated and a strong team player