Overview
This Credit Analyst III—Equipment Finance role supports commercial lending and commercial loan portfolio management through financial statement spreading, underwriting, and credit analysis. Responsibilities focus on preparing credit memos for new money requests for new and existing borrowers, as well as supporting Portfolio Management with annual reviews, renewals, change memos, and modifications. Assignments typically involve higher aggregate exposure and/or complex credits.
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 (OM) process by assessing strengths and weaknesses of credits 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 borrower creditworthiness and repayment ability.
- Use financial spreading software and other financial analysis tools to evaluate cash flow and determine the adequacy of primary and secondary repayment sources.
- Perform underwriting, identify credit risks, analyze repayment capacity, and prepare collateral coverage; present findings in a narrative format within credit memos or modifications supporting new money requests, renewals, annual reviews, and modifications.
- Follow guidance from the credit approval team to recommend credit structuring, documentation, and risk controls.
- Help determine 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.
- Ensure data integrity with the underwriting platform so credit relationships are accurately recorded.
- Handle compliance and audit-related matters within the scope of assigned responsibilities.
- Stay current on banking rules and regulations relating 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 credit losses and mitigate risk appropriately.
- Use risk rating models to determine risk ratings for credit requests accurately.
- 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.
Preferred Qualifications
- 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
- Proven 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.
Location
Remote — USA (OH)