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Form of workJob Summary
The Credit Risk Analyst is responsible for making sound credit decisions within required turnaround times, investigating and decisioning credit requests using all available credit resources within the realm of Equipment Leasing & Financing. Required competencies include strong analytical, communication, negotiation, and creative thinking skills, with a thorough understanding of automated credit scoring and risk rating analytics. Team player regularly collaborating with other Risk Analysts and inside and outside sales representatives. Regularly communicates with originations, documentation, and collections/portfolio management departments to resolve risk management issues within appropriate guidelines. Supports automated credit scoring model maintenance and upgrades, as needed, by facilitating credit scoring enhancements in collaboration with the IT department.
This position is full time and offers a hybrid work schedule requiring you to be in the office Tuesdays and Wednesdays with an option to work from home the remainder of the week (unless a specific business need arises requiring in office attendance on other days). Note that work schedules and office reporting requirements may change from time to time based on business needs.
Responsibilities:
- Reviews and analyzes credit scoring metrics and risk ratings and quickly identifies material credit strengths and weaknesses to provide timely credit decisions.
- Collaborates as needed with IT department to maintain automated credit scoring model and facilitate upgrades to commercial and/or consumer credit scoring functionality.
- Supports credit decisions with scoring model and supplementary data from commercial and personal credit reporting agencies and various web resources including, but not limited to, D&B, Experian, Moody's, S&P, Fitch, A.M. Best, NAIC, and SEC and FDIC filings.
- Accurately spreads and analyzes financial statements and incorporates relevant financial metrics into credit reviews
- Reviews and decisions transactions within assigned authority, including recommendations from junior Analysts, and makes recommendations on transactions in excess of assigned authority.
- Monitors credit lines and completes credit line renewals in a timely fashion.
- Structures and appropriately documents credit approvals consistent with risk management guidelines.
- Reviews and approves changes to contract terms and conditions within assigned authority.
- Advises sales team on pended applications and facilitates the process of obtaining credit and financial information to decision pended transactions.
- Regularly updates system comments to keep all parties informed of the status of all credit applications.
- Ensures that dealer and customer concerns are resolved in a timely and appropriate manner without undermining risk management standards.
- Develops and maintains effective working relationships with inside and outside sales teams and end user customers.
- Negotiates complex credits to obtain favorable lease structures that win business without compromising credit standards.
- Seeks guidance as appropriate from supervisors and managers.
- Provides coverage support for assigned regions and other regions as required.
- Serves as mentor to less experienced or junior members of the credit team.
Qualifications:
- Bachelor's degree in a relevant field or equivalent experience required,
- 3 to 5 years of related experience.
- Background in Equipment Leasing & Financing
- Hands-on experience with Risk Analysis software & tools (D&B, etc)
