Credit Analyst III – Equipment Finance

This is a fully remote position, open to applicants in Ohio.

📋 Description

• Execute the spreading of financial statements, conduct underwriting, and perform credit analysis to support commercial lending and manage the commercial loan portfolio.

• Prepare credit memos for funding requests from both new and existing borrowers.

• Assist Portfolio Management by conducting annual reviews, renewals, change memos, and modifications.

• Manage credits that involve higher aggregate exposure and/or more complex cases.

• Develop high-quality credit analyses and recommendations that assess credit strengths and weaknesses.

• Engage in the Opportunity Memo process and participate in OM calls.

• Examine financial statements, industry risks, loan structures, and market conditions to evaluate creditworthiness and repayment capabilities.

• Utilize financial spreading software and other analytical tools to assess cash flow and sources of repayment.

• Perform underwriting tasks, identify credit risks, analyze repayment capacity, and craft collateral coverage narratives.

• Suggest credit structuring, documentation, and risk controls in accordance with credit approval guidelines.

• Ascertain the appropriate levels for underwriting and due diligence.

• Complete underwriting tasks within established service levels and turnaround times.

• Participate in business discussions with commercial lending and credit administration teams.

• Stay informed about macroeconomic factors impacting local markets and regional industries.

• Ensure the integrity of underwriting-platform data.

• Address compliance and audit-related issues within the scope of responsibilities.

• Identify policy exceptions that align with the Bank’s Commercial Credit Policy.

• Monitor and propose workflow and procedural changes to enhance efficiency and reduce costs.

• Detect potential credit losses and implement risk mitigation strategies.

• Employ risk rating models to establish credit risk ratings.

• Prioritize tasks with direction from Commercial Credit Managers.

• Assess guarantors’ financial status using personal financial statements and tax returns.

• Conduct loan covenant testing calculations and update compliance records accordingly.

• Complete required training and enhance business writing and professional communication skills.

⛳️ Requirements

• A Bachelor's degree in business administration, accounting, management, finance, or a related field is preferred.

• 6-8 years of relevant experience in commercial lending or credit administration, particularly in Equipment Finance, is preferred.

• Proven ability to accurately and efficiently analyze complex credits.

• Familiarity with lending practices across a diverse range of industries.

• Capability to analyze detailed financial information.

• Proficient computer skills, including word processing and spreadsheet applications.

• Ability to operate with minimal direct supervision while exercising independent judgment and decision-making.

• Preferred expertise in high-net-worth and corporate aircraft transactions.

• Knowledge of secured loan documentation.

• Strong negotiation skills.

• Excellent interpersonal and professional communication abilities.

• Understanding of banking regulations and guidelines related to Credit Administration, Commercial Lending, and Appraisals.

🏝️ Benefits

• Equal opportunity employer dedicated to fostering an inclusive environment for all employees.

• Opportunities for professional development and education in loan underwriting, loan structuring, and overall career advancement.