Asset Based Lending (ABL) Underwriter

Huntington National Bank; Illinois; Remote; USD 70,000 - 90,000; Full time

Job summary

A leading financial institution is seeking an ABL Underwriter to analyze and document credit decisions. The role involves assessing risks, preparing credit approval documentation, and presenting findings effectively. Candidates should have a strong background in finance and relevant experience in underwriting or portfolio management.

Qualifications

• 2-3 years’ experience in ABL Underwriting or Portfolio Management.

Responsibilities

• Analyzes financial statements and calculates cash flow coverage.
• Prepares credit approval documents for new prospects.
• Presents underwriting documents incorporating financial and risk analysis.

Skills

Analytical Skills

Decision-Making Skills

Organizational Skills

Communication Skills

Education

Bachelor's degree in Finance

Bachelor's degree in Accounting

Bachelor's degree in Business

Tools

Microsoft Office Products

Job description

The ABL Underwriter analyzes, assesses, and documents the critical components of a credit decision. This role conducts industry and company research, prepares accurate and timely credit approval documentation, and participates in credit approval presentations. The ABL Underwriter pro-actively evaluates credit decisions and opportunities to mitigate associated business risks relying on established Huntington policies, procedures, and legal and regulatory requirements. This individual will also own primary responsibility for underwriting quality.

Duties & Responsibilities

Utilizes Huntington National Bank’s financial spreading software to analyze year end and interim financial statements.

Uses the Bank's risk rating model and prepares the credit approval document for new prospects.

Assesses the primary risks of the credit extension and the nature of the mitigating factors.

Accurately and appropriately analyzes financial statements, calculates cash flow coverage, leverage, and other relevant financial ratios; discusses deal-specific cash flow modifications and determines for reasonableness.

Presents underwriting document incorporating financial, business, industry and risk analysis in a concise effective manner.

Assists Portfolio Management as necessary.

Basic Qualifications

Bachelor's degree in Finance, Accounting, or Business

Minimum 2-3 years’ experience in ABL Underwriting or Portfolio Management.

Preferred Qualifications

Proficiency with Microsoft Office Products (Word, Excel, etc.).

Sharp analytical and decision-making skills.

Strong organizational, verbal and written communication skills.

Field Exam experience preferred.

LI-DK

Exempt Status : (Yes = not eligible for overtime pay) ( No = eligible for overtime pay)

Workplace Type : Remote

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

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Agency Statement : Huntington does not accept solicitation from Third Party Recruiters for any position