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Form of workEXECUTIVE SUMMARY OF RESPONSIBILITIES
The Credit Executive I reviews credit applications, analyzes the relevant credit information, and structures the request to obtain final loan approval. Credit Executive I is also responsible for preparing the memorandums and credit analysis all the way to approval with timely and accurate due diligence.
ABOUT LENDISTRY
Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.
GENERAL RESPONSIBILITIES
• Reviews initial loan application packages from Sales to determine eligibility and additional required documentation.
• Ability to structure package to fit within minimum requirements of products available.
• Knowledge of Business and Personal Tax Returns, Interim Financials, Bank Statements etc.
• Decision file (decline, suspend, or submit for approval)
• Runs all background checks for business and merchant.
• Review 3rd party reports (Credit report, Business Experian, CAIVRS etc.)
• Sets-up call and discusses file with client (initial interview)
• Review completed file for underwriting. Ensures all information is received prior to underwriting.
• Underwrites the transaction and Prepares package for third party approval.
PROFICIENCIES
• Ability to structure and analyze complex commercial credit transactions.
• Excellent verbal and written communication skills.
• Sophisticated word processing and computer database skills, especially in Microsoft Word and Excel.
• Thorough knowledge of accounting principles, financial statement analysis, and banking operations and regulations.
• Good interpersonal skills with the ability to work effectively with individuals and groups at all organizational levels, ability to work independently and as part of a team.
• Strong analytical ability with active listening skills.
• Willingness to adapt to changing business needs and deadlines, including extended work hours.
• Exhibit a professional, business-like appearance and demeanor.
EDUCATION AND EXPERIENCE
• Minimum 5-7 years of relevant experience and in-depth understanding of Commercial C&I and real estate financing, and closing, procedures.
• Minimum B.A. in a related field of study (Finance, Accounting, Business Administration).
• Ability to manage and underwrite complex transactions with limited guidance
• Experience in presenting loans for approval in Loan Committees
• Experience managing team members
• Strong knowledge of financial services.
• Outstanding communication and relationship management skills
• Excellent verbal and written communication skills.
• Advanced computer proficiency.
• Ability to travel, work flexible schedules, and cover different locations if requested.
• Bilingual English-Spanish preferable
• Attain customer’s satisfaction.
PHYSICAL REQUIREMENTS
This is a stationary position that requires frequent sitting (approximately 95%), repetitive wrist motions, grasping, speaking, listening, close vision, and the ability to adjust focus. It also may require occasional standing, lifting, carrying of 20lbs or less, walking, kneeling, bending/stooping, twisting, pulling/pushing, and reaching above the shoulder. Employees in this position must be physically able to efficiently perform the essential functions of the position.
SALARY
$103,900 - $142,000/Annually, depending on experience and location
