Credit Officer – Equipment Finance

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

📋 Description

• Prepare and evaluate Flagstar Approval Memos, loan modifications, and portfolio assessments in collaboration with Relationship Managers.

• Conduct credit evaluations, industry analysis, and company research to suggest suitable credit frameworks.

• Review, either approve or decline, credit applications and escalate recommendations as necessary.

• Act as a voting member on credit committees for the approval of loans.

• Oversee credit portfolios and spearhead credit risk assessment activities.

• Assist in formulating loan-level strategies and manage asset management reporting.

• Identify trends within the portfolio and promote effective portfolio management strategies.

• Participate in weekly deal evaluation meetings.

• Ensure adherence to federal, state, and local regulations as well as internal policies.

• Collaborate with various business lines to develop and enhance credit policies and procedures.

• Attend client meetings and conduct on-site project visits as required.

• Develop and monitor key risk indicators for the Bank.

• Review departmental reports to track portfolio performance and detect emerging risks.

• Lead or contribute to special initiatives.

• Work with peer managers to exchange best practices and enhance team performance.

• Enhance templates, analytical tools, and processes for the credit analysis procedure.

• Exercise independent judgment and discretion in decision-making.

• Analyze and resolve issues.

⛳️ Requirements

• Bachelor's degree (4 years or equivalent) in Business, Finance, or a related discipline.

• Over 10 years of experience in credit and lending.

• Capability to analyze complex financial information and evaluate creditworthiness.

• Ability to make prompt, well-informed credit decisions under pressure.

• High level of accuracy in reviewing financial statements, legal documents, and credit reports.

• Proficient in clearly communicating credit recommendations, risk factors, and policy exceptions.

• Strong ability to work effectively with relationship managers, clients, and cross-functional teams.

• Ability to proactively identify issues and develop practical, risk-conscious solutions.

• Proficient in credit scoring models.

• Proficient in Microsoft Excel.

• Proficient in financial modeling tools.

• Proficient in risk management software such as Moody’s RiskCalc and S&P Capital IQ.

• Capable of building and maintaining effective stakeholder relationships.

• Skilled in establishing trusted relationships with internal and external clients.

• No unusual physical exertion is required.

🏝️ Benefits

• Medical insurance

• Dental insurance

• Vision insurance

• Life insurance

• Disability insurance

• Comprehensive leave program