Credit Analyst - Commercial Underwriter

Wheels, LLC; Schaumburg (IL); Hybrid; USD 70,000 - 95,000; Full time

Job summary

Wheels, LLC in Schaumburg, IL is seeking a Commercial Credit Analyst to evaluate prospective clients using fundamental financial analysis and monitor existing portfolios. The role collaborates with sales and operations to assess risk and drive informed lending decisions.

You will prepare detailed credit reports, support the underwriting process, and develop automated reporting dashboards while maintaining strong relationships with relationship managers. Hybrid onsite work.

Qualifications

• Bachelor's degree in business or finance with commercial credit training.
• Minimum 3 years commercial credit analysis experience.
• Knowledge of credit laws and regulations.
• Strong communication with relationship managers and stakeholders.
• Proficient in Microsoft Office and Salesforce.

Responsibilities

• Analyze prospective clients using financial statements, industry factors, and portfolio concentration issues.
• Review and decide on credit applications meeting underwriting standards.
• Gather documents, perform due diligence, and prepare detailed credit reports with recommendations.
• Apply quantitative concepts to balance risk and profitability for the company.
• Communicate credit decisions to partners and negotiate approvals/denials.
• Perform ad-hoc data analysis and reporting.
• Develop scalable, automated processes for credit analysis and monitoring.
• Coordinate with cross-functional teams to develop financial reporting dashboards.
• Research and monitor existing clients for additional exposure.
• Conduct monthly, quarterly, and annual credit reviews.
• Develop and foster relationships with the sales force.
• Maintain credit files and required financial information.

Skills

Analytical thinking

Problem-solving

Communication (oral & written)

Deadline-driven

Relationship building

Education

Bachelor's degree in business or finance

Commercial credit training

Tools

Microsoft Office

Salesforce

Job description

This role analyzes the long-term financial viability of potential clients employing sophisticated financial analysis techniques and provides 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 requests, 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
• 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 in business or finance field, in conjunction with formal commercial credit training
• Minimum 3 years of commercial credit analysis experience, preferably at a financial institution
• 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 Microsoft Office + Salesforce

CORE VALUES

At Wheels, we believe in fostering a culture that is built on our Core Values and Guiding Principles. We cultivate a culture of excellence and innovation by upholding these values, driving our collective success and growth.

• Integrity – Always act with integrity and honesty.
• One Team – Treat others with dignity and respect; act as a cohesive, inclusive and accountable team that is making a difference.
• Innovation – Drive continuous improvement, spark creativity and embrace next generation thinking.
• Customer Success – Ensure that customer and driver success is at the heart of everything we do.

CULTURAL ATTRIBUTES

At Wheels, our culture guides us how we work every day, and we look for team members who show these behaviors:

• Discipline Drives Quality – Plan the Trip: Think proactively, hold a high bar, follow through by leveraging experience and systems. To produce quality outcomes, we must be intentional and deliberate in everything we do, from big bets to daily execution.
• Intellectually Curious – Fuel Your Minds: Be bold, challenge assumptions, think differently, look outside the box. Strive to unlock your own thinking and create new possibilities.
• Commit and Deliver – Own It: Take responsibility for your work, from start to finish, and be accountable for the results. Think and act like an owner of the business.
• Relationships Matter – Share the Ride: Trust is central, both with key internal and external stakeholders. Relationships are not a side effect of work but a driver of success.

JOB SPECIFICATIONS, PHYSICAL DEMANDS and WORK ENVIRONMENT

• Work Environment: This hybrid position that works onsite 3 days a week (Tue-Thur); 8a-5pm and can be in Schaumburg, Ill or Alpharetta, GA.
• Position Type/Standard Schedule: This is a full-time position, Monday through Friday.
• Travel: No travel is expected for this position.
• Physical Demands: While performing the duties of this job, the employee must regularly talk and hear, and use hands and fingers to operate call center tools

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.