Senior Credit Manager, Mid-Ticket Credit Underwriting

This is a fully remote position, open to applicants in Illinois, +3 more states.

📋 Description

• Lead and oversee a team of approximately three to six Mid-Ticket Credit Analysts.

• Set performance standards and track quality, productivity, consistency, and service levels.

• Provide coaching, mentoring, and development opportunities for analysts through feedback, performance reviews, and development meetings.

• Ensure a consistent understanding and application of credit policies.

• Engage in the interviewing, hiring, and onboarding process for new Credit Analysts.

• Monitor workflow, turnaround times, attendance, and team activities.

• Keep senior management updated on team performance and day-to-day operations.

• Suggest modifications to credit policies based on underwriting experiences and portfolio trends.

• Confirm that credit files and post-funding requests are complete, accurate, and processed in a timely manner.

• Underwrite commercial equipment finance transactions across diverse industries, markets, and equipment types.

• Conduct customer due diligence and prepare credit memoranda, financial analyses, approval notes, and presentation materials.

• Analyze financial statements, tax returns, interim statements, and supporting schedules.

• Assess cash flow adequacy, leverage, liquidity, profitability, working capital, debt-service capacity, and credit risk.

• Evaluate qualitative factors such as competitive position, operating model, management strength, ownership structure, industry trends, and business risks.

• Determine equipment value, market pricing, depreciation, useful life, remarketing considerations, and residual risk.

• Devise transaction structures, terms, conditions, and risk ratings.

• Present credit recommendations to the Credit Committee and senior management.

• Review credit appeals, post-approval modifications, and post-funding requests.

• Make decisions on flow transactions accurately and within service expectations.

• Collaborate with Originators to collect customer information and provide updates on underwriting status.

• Partner with Sales to structure transactions that balance credit quality, customer needs, and business objectives.

• Assist Documentation and Funding with nonstandard transaction requirements.

• Support Collections with issues related to late payments, restructures, or modifications.

• Deliver credit training to Sales and other internal teams.

• Foster collaboration among Credit, Sales, Operations, Documentation, Funding, and Collections.

⛳️ Requirements

• A minimum of 10 years of experience in commercial credit underwriting or risk management.

• Significant hands-on underwriting experience specifically within the equipment finance sector.

• At least five years of direct leadership or management experience overseeing commercial credit professionals.

• Minimum of five years of equipment finance experience involving both new and used equipment.

• Expert knowledge of commercial credit underwriting, financial analysis, risk assessment, and equipment finance.

• Advanced capability in spreading and analyzing financial statements, tax returns, interim statements, and cash flow.

• Strong understanding of leverage, liquidity, debt-service coverage, profitability, working capital, and financial ratio analysis.

• Proven ability to coach, mentor, and develop underwriting teams.

• Sound judgment and decision-making skills in complex commercial credit scenarios.

• Experience underwriting transactions in transportation, industrial equipment, specialty vehicles, tow and recovery, manufacturing, construction, and franchise finance.

• Exceptional written and verbal communication skills, including the ability to present recommendations to the Credit Committee and senior management.

• Strong organizational, planning, and time-management abilities.

• Capacity to manage multiple priorities in a fast-paced, high-volume environment.

• Excellent interpersonal skills with the ability to collaborate across departments.

• A Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field is preferred.

• Equivalent experience in commercial lending or equipment finance may also be considered.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health, dental, and vision insurance.

• Retirement savings plan with company match.

• Opportunities for professional development and advancement.

• Flexible work arrangements.