Credit Analyst

Wheels, LLC; Alpharetta (GA); Hybrid; USD 58,000 - 82,000; Full time

Job summary

Wheels, LLC is seeking a Credit Analyst to evaluate clients' financial sustainability through in-depth analysis and portfolio oversight. The role entails assessing credit applications, conducting due diligence, and collaborating with sales teams to enhance client relations while ensuring compliance with underwriting standards. Join a dynamic team and contribute to improving client risk profiling in a fast-paced environment.

Qualifications

• Bachelor's degree preferred in accounting or finance.
• 3-5 years of commercial credit analysis experience.
• Experience in financial statement analysis.

Responsibilities

• Analyze prospective clients using financial analysis techniques.
• Review and make decisions on business credit applications.
• Gather documentation and conduct due diligence for loan requests.

Skills

Analytical skills

Problem-solving skills

Communication skills

Negotiation skills

Time-management skills

Education

Bachelor's degree in accounting or finance

Tools

Salesforce

Excel

Job description

Join to apply for the Credit Analyst role at Wheels, LLC

Join to apply for the Credit Analyst role at Wheels, LLC

Job Description:

Job Description:

The Credit Analyst will analyze the long-term financial viability of potential clients employing sophisticated financial analysis techniques and provide on-going portfolio analysis to monitor current client base. The position also requires the analyst to advance the sales department’s understanding of each prospective client and existing clients' risk profile to increase efficiencies in sales development. Assisting the AR group based on client collections issues and opportunities is also expected.

Key Responsibilities - Essential Functions

• Analyze prospective clients using fundamental financial analysis techniques, including balance sheet, income statement and cash flow measurements as well as industry factors and portfolio concentration issues
• Review and make appropriate decisions on business credit applications which meet acceptable underwriting standards and are compliant with company guidelines
• Gather necessary documentation, conduct thorough due diligence to determine the suitability of loan requests, and prepare a detailed credit report summarizing the financial analysis, collateral position, and overall risk assessment including a recommendation for approval or denial
• Apply quantitative concepts and processes in a judgmental environment to accurately assess risk and balance with expected profitability to the Company
• Communicate credit decisions to relevant partners and effectively negotiate to “win" desired applications
• Perform ad-hoc data analysis and reporting
• Establish scalable and efficient and automated processes for credit analysis and monitoring
• Coordinate with cross-functional teams to develop financial reporting dashboards
• Research, recommend approval/decline and monitor existing clients for additional exposure
• Perform monthly, quarterly, annual credit reviews on existing clients based on the department’s credit review procedures
• Develop and foster relationships with the sales force
• Maintain credit files and request, track and analyze required financial information
• Other duties assigned to ensure overall departmental efficiency
  
  

Leadership Responsibilities

• This position has no leadership responsibilities
  
  

Competencies - Skills

• Excellent analytical and problem-solving skills
• Strong oral - written communication skills, including the ability to interact with internal and external clients at multiple levels
• Strong negotiation skills
• Ability to meet deadlines, function under pressure and manage multiple tasks
• Develop sufficient internal and external relationships that ensure volume objectives and credit quality
• Strong organizational / time-management skills
  
  

Education And Experience

• Bachelor's degree preferred; accounting or finance; in conjunction with formal commercial credit training
• 3-5 years of commercial credit analysis experience, preferably at a financial institution
• Financial statement analysis experience is required
• Thorough knowledge of credit analysis and loan/lease documentation, and other facets of commercial credit, including knowledge of credit laws and regulations
• Demonstrated ability to communicate effectively with relationship managers and other internal stakeholders to discuss credit assessments, provide insights, and collaborate on loan decisions
• Strong computer skills including proficiency in Salesforce
• Intermediate-Advanced skills in Excel including pivot tables and VLOOKUPs
  
  

JOB SPECIFICATIONS and WORK ENVIRONMENT

• Work Environment: This position is in Schaumburg, Ill or Alpharetta, GA.
• Positions Type/Standard Schedule: This is a full-time position, Monday through Friday; hybrid (3 days onsite); Tues-Thur
• Travel: No travel is expected for this position
  
  

DISCLAIMER

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Our Benefits

Wheels recognizes benefits are a significant part of your employee experience, and we've created a robust benefits package that is market-leading, competitive offerings so you and your family can receive outstanding care. Please click here for an overview of the benefits available to you and your family.

Pay Range:

$58,100-$81,400

The base salary range for this position is listed above. This position is eligible to participate in the annual incentive plan which is based on company performance and individual performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience, education, certifications, skill level and expertise, and may vary from the amounts listed here.

EEO StatementWheels is a Drug-Free Workplace. All employment is contingent on successful completion of drug and background screening.

Wheels is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, marital status or domestic partnership status, disability, protected veteran status or military status, genetic information, or any other category protected under applicable law. Wheels is committed to taking affirmative steps to promote the employment and advancement of minorities, women, persons with disabilities and protected veterans.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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