Credit Analyst III - Equipment Finance

Northwest Bank; United States; Remote; USD 70,000 - 100,000; Full time

Job summary

Northwest Bank is seeking a Credit Analyst III - Equipment Finance to perform financial statement spreading, underwriting, and credit analysis in support of commercial lending. The role focuses on new money requests to borrowers, and supports the Portfolio Management team with annual reviews, renewals, and modifications.

Higher exposure and complex credits within equipment finance are expected. Responsibilities include preparing credit memos, analyzing financial data, assessing risk, maintaining

Qualifications

• Demonstrated ability to analyze complex credits accurately and efficiently.
• Knowledge of lending to a wide variety of industries.
• Ability to analyze detailed financial data, strong computer skills, including word processing and spreadsheets.
• Ability to work with minimal supervision and requires independent judgment.
• Preferred knowledge in high-net-worth and corporate aircraft transactions.
• Understanding of secured loan documentation; negotiation skills.

Responsibilities

• Prepare timely, high quality credit analysis and recommendations that evaluate strengths and weaknesses of credit actions.
• Engage in Opportunity Memo process and finalize OM for presentation.
• Analyze financial statements, industry risk, loan structure and market conditions to assess creditworthiness.
• Utilize spreading software to evaluate cash flow and repayment sources.
• Conduct underwriting and prepare collateral coverage and present in credit memos or modifications.
• Assist in underwriting level and due diligence for credit risk.
• Complete underwriting tasks within service levels and turnaround times.
• Participate in business calls with commercial lending and credit administration teams.
• Maintain knowledge of macroeconomic issues in local markets and regional industries.
• Maintain data integrity with underwriting platform and ensure accurate credit records.
• Remain current on banking rules related to Credit Administration and Commercial Lending.
• Identify policy exceptions for credit requests per Commercial Credit Policy.
• Monitor and revise workflows to enhance efficiency and minimize expenses.
• Identify potential credit losses and mitigate risk.
• Use risk rating models to determine risk ratings for credit requests.
• Prioritize assignments with Commercial Credit Managers.
• Evaluate guarantors' financial condition via personal financial statements and tax returns.
• Perform loan covenant testing and update records.
• Pursue ongoing education to develop underwriting and loan structuring expertise.
• Develop business writing and professional communication skills.

Skills

Credit analysis

Underwriting

Financial statement analysis

Industry knowledge

Excel/spreadsheets

Independent judgment

Communication skills

Secured lending knowledge

Education

Bachelor's degree in business / finance or related field

Tools

Financial spreading software

Job description

LO0341 Remote - USA, OH0713 NW Bancshares HQ

Job Description

The Credit Analyst III - Equipment Finance is responsible for performing financial statement spreading, underwriting and credit analysis to support commercial lending and commercial loan portfolio management activities. The Credit Analyst III will be focused on completing credit memos representing new money requests to new and existing Borrowers. The Credit Analyst III - Equipment Finance will also support the Portfolio Management team by completing annual reviews, renewals, change memos and modifications. The Credit Analyst III - Equipment Finance will be assigned credits representing higher aggregate exposure and/or complex credits.

Essential Functions

• Prepare timely, high quality credit analysis and recommendations that accurately and thoroughly evaluate the strengths and weaknesses associated with credit actions.

• Engage in the Opportunity Memo process, assessing the strengths and weaknesses of credits and finalizing Opportunity Memos for presentation. Actively participate on OM calls.

• Effectively analyze financial statements and related data, industry risk, loan structure and market conditions to assess the overall creditworthiness and repayment ability of borrowers.

• Utilize financial spreading software as well as other financial analysis tools to evaluate borrower’s cash flow and determine adequacy of the borrower’s primary and secondary repayment sources.

• Conduct underwriting, identify credit risks, analyze repayment capacity and prepare collateral coverage and present in a narrative format within credit memos or modifications to support requests for new money, renewals, annual reviews and modifications.

• Work within the guidance of the credit approval team to recommend appropriate credit structuring, documentation, and risk controls on credit requests.

• Assist in determining the appropriate level of underwriting and due diligence for the credit’s risk for credit.

• Complete underwriting tasks within expected service level and turnaround times.

• Participate in business calls with commercial lending and credit administration teams.

• Maintain a working knowledge of macroeconomic issues in local markets and regional industries.

• Maintain data integrity with the underwriting platform to ensure accurate record of credit relationships.

• Responsible for all compliance and audit-related matters in area of responsibility

• Remain current on all banking rules and regulations relating to Credit Administration, Commercial Lending and Appraisals

• Identify policy exceptions for credit requests consistent with the Bank’s Commercial Credit Policy.

• Monitor, develop, and suggest revisions to workflows and procedures as necessary to enhance efficiency and minimize expenses.

• Identify potential for credit losses and mitigate risk appropriately.

• Utilize risk rating models to accurately determine risk ratings for credit requests.

• Prioritize assignments with guidance from the Commercial Credit Managers.

• Evaluate the financial condition of guarantors through the effective analysis of personal financial statements and personal tax returns.

• Perform loan covenant testing calculations and update covenant compliance records.

• Complete education, as identified or assigned, to provide expertise in loan underwriting, loan structuring, and overall professional development.

• Develop business writing and professional communication skills.

Preferred Education and Experience

• Bachelor’s degree in business administration, accounting, management, finance, or related discipline

• 6-8 years relevant commercial lending or credit administration experience, specifically related to Equipment Finance

Additional Knowledge, Skills, and Abilities

• Demonstrated ability to analyze complex credits accurately and efficiently

• Knowledge of a lending to a wide variety of industries

• Ability to analyze detailed financial data, strong computer skills, including word processing and spreadsheets

• Ability to work with minimal direct supervision and requires the use of independent judgment and decision making

• Preferred knowledge in high-net worth and corporate aircraft transactions

• Understanding of secured loan documentation; negotiation skills

• Strong interpersonal skills to effectively communicate with prospects, Senior Account Executives, agent banks, credit administration, and other bank personnel.

#LI-EK1

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.