Credit Analyst III - Equipment Finance

Overview

This role is responsible for performing financial statement spreading, underwriting, and credit analysis to support commercial lending and commercial loan portfolio management activities. The Credit Analyst III – Equipment Finance completes credit memos for new money requests to new and existing borrowers and supports the Portfolio Management team through annual reviews, renewals, change memos, and modifications. Assignments may represent higher aggregate exposure and/or complex credits.

Responsibilities

• 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 process by assessing credit strengths and weaknesses and finalizing Opportunity Memos for presentation; actively participate on OM calls.
• Analyze financial statements and related data, industry risk, loan structure, and market conditions to assess overall creditworthiness and borrower 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.
• Follow 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 knowledge of macroeconomic issues in local markets and regional industries.
• Maintain data integrity within the underwriting platform to ensure accurate recordkeeping of credit relationships.
• Handle compliance and audit-related matters within assigned 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.
• Use risk rating models to 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 education as identified or assigned to build expertise in loan underwriting, loan structuring, and professional development.
• Develop business writing and professional communication skills.

Requirements

• 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.
• Demonstrated ability to analyze complex credits accurately and efficiently.
• Knowledge of lending to 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 and make independent judgments and decisions.
• Ability to effectively communicate with prospects, Senior Account Executives, agent banks, credit administration, and other bank personnel.

Preferred Qualifications

• Preferred knowledge in high-net worth and corporate aircraft transactions.
• Understanding of secured loan documentation and negotiation skills.

Compensation & Benefits

Not specified.

Location

Remote – USA (OH0713 NW Bancshares HQ).