Credit Analyst III - Equipment Finance

Overview

This role involves providing financial statement spreading, underwriting, and credit analysis to support commercial lending and commercial loan portfolio management. The Credit Analyst III – Equipment Finance will prepare credit memos for new money requests for new and existing borrowers, and support the Portfolio Management team with annual reviews, renewals, change memos, and modifications. Assignments will involve credits with higher aggregate exposure and/or complex credit structures.

Responsibilities (Essential Functions)

• Prepare timely, high-quality credit analysis and recommendations that accurately and thoroughly evaluate strengths and weaknesses associated with credit actions.
• Participate in the Opportunity Memo (OM) process, assessing strengths and weaknesses and finalizing Opportunity Memos for presentation, including actively participating on OM calls.
• Analyze financial statements and related data, industry risk, loan structure, and market conditions to assess borrowers’ creditworthiness and repayment ability.
• Use financial spreading software and other financial analysis tools to evaluate borrower cash flow and determine adequacy of primary and secondary repayment sources.
• Conduct underwriting, identify credit risks, analyze repayment capacity, and prepare collateral coverage; present findings in narrative form within credit memos or modifications to support requests for new money, renewals, annual reviews, and modifications.
• Work within guidance from the credit approval team to recommend appropriate credit structuring, documentation, and risk controls.
• Assist in determining the appropriate level of underwriting and due diligence based on the credit’s risk.
• Complete underwriting tasks within expected service levels and turnaround times.
• Participate in business calls with commercial lending and credit administration teams.
• Maintain working knowledge of macroeconomic issues in local markets and regional industries.
• Maintain data integrity with the underwriting platform to ensure accurate recordkeeping of credit relationships.
• Handle compliance and audit-related matters within area of responsibility.
• Stay current on banking rules and regulations related to Credit Administration, Commercial Lending, and Appraisals.
• Identify policy exceptions for credit requests consistent with the Commercial Credit Policy.
• Monitor, develop, and suggest revisions to workflows and procedures to enhance efficiency and minimize expenses.
• Identify potential for credit losses and mitigate risk appropriately.
• Utilize risk rating models to accurately determine risk ratings for credit requests.
• Prioritize assignments with guidance from Commercial Credit Managers.
• Evaluate the financial condition of guarantors by analyzing personal financial statements and personal tax returns.
• Perform loan covenant testing calculations and update covenant compliance records.
• Complete required education to develop expertise in loan underwriting, loan structuring, and professional growth.
• Develop business writing and professional communication skills.

Preferred Education and Experience

• Bachelor’s degree in business administration, accounting, management, finance, or related discipline.
• 6–8 years of relevant commercial lending or credit administration experience, specifically related to Equipment Finance.

Additional Knowledge, Skills, and Abilities

• Demonstrated ability to analyze complex credits accurately and efficiently.
• Knowledge of lending across a wide variety of industries.
• Ability to analyze detailed financial data; strong computer skills, including word processing and spreadsheets.
• Ability to work with minimal direct supervision; uses independent judgment and decision-making.
• Preferred knowledge in high-net worth and corporate aircraft transactions.
• Understanding of secured loan documentation; negotiation skills.
• Strong interpersonal skills to communicate effectively with prospects, Senior Account Executives, agent banks, credit administration, and other bank personnel.

Compensation & Benefits

• Not specified in the provided job description.

Location

• Remote – USA (Ohio)
• NW Bancshares HQ (Ohio)