Credit Analyst III - Equipment Finance

Overview

This Credit Analyst III role within Equipment Finance supports commercial lending and commercial loan portfolio management through financial statement spreading, underwriting, and credit analysis. Responsibilities include preparing credit memos for new money requests to new and existing borrowers, as well as supporting Portfolio Management with annual reviews, renewals, change memos, and modifications. Credits assigned may involve higher aggregate exposure and/or complex structures.

Responsibilities (Essential Functions)

• Prepare timely, high quality credit analysis and recommendations that evaluate the strengths and weaknesses of credit actions.
• Participate in the Opportunity Memo process by assessing credit 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 borrower creditworthiness and repayment ability.
• Use financial spreading software and other analysis tools to evaluate borrower cash flow and determine the adequacy of primary and secondary repayment sources.
• Perform underwriting activities, identify credit risks, analyze repayment capacity, and prepare collateral coverage and narrative support in credit memos or modifications for:
  • new money requests
  • renewals
  • annual reviews
  • modifications
• Follow guidance from the credit approval team to recommend appropriate credit structuring, documentation, and risk controls.
• Help determine the appropriate level of underwriting and due diligence based on credit risk.
• Complete underwriting tasks within expected service level 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.
• Ensure data integrity within the underwriting platform to maintain accurate credit relationship records.
• Handle compliance and audit-related matters within the 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 organization’s 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 accurately determine risk ratings for credit requests.
• Prioritize assignments with guidance from Commercial Credit Managers.
• Evaluate the financial condition of guarantors using analysis of personal financial statements and personal tax returns.
• Perform loan covenant testing calculations and update covenant compliance records.
• Complete education as identified or assigned to support expertise in loan underwriting and loan structuring.
• Develop business writing and professional communication skills.

Preferred Qualifications (Education & Experience)

• Bachelor’s degree in business administration, accounting, management, finance, or related discipline.
• 6-8 years 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 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 use 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

• Compensation and benefits information not provided.

Location

• Remote - USA, OH