Credit Underwriter Sr - Inventory Finance

Huntington Bank; Schaumburg, Northern (IL, KY); Hybrid; USD 63,000 - 124,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Life and disability insurance

Retirement savings plan

Paid leave programs

Paid time off

Paid holidays

Job summary

Huntington Bank in Schaumburg, IL is seeking a Senior Credit Underwriter specializing in Inventory Finance to assess creditworthiness and structure loan requests. You will analyze financial statements and collateral, and present recommendations to the loan committee.

Responsibilities include spreading tax returns, evaluating cash flow, researching industry risks, and collaborating with teams to manage risk and approvals.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business or related field.
• 3+ years wholesale/commercial credit underwriting experience with credit approval authority.
• Detail oriented with ability to analyze cash flow, leverage and gauge customer strength.
• Experience lending to a wide variety of industries and deal sizes (2MM–10MM).
• Strong written and verbal communication and presentation skills.
• Experience reviewing financial statements, tax returns, and cash flow analysis.

Responsibilities

• Underwrite high quality credit narratives in support of new and existing loans.
• Spread financial statements and tax returns using Moody's software to analyze multi-year trends.
• Analyze cash flow, collateral (AR, inventory, real estate, investments) and industry risks.
• Prepare written credit recommendations and present to loan committee.
• Monitor delinquency and follow up on financial statements from borrowers.
• Present recommendations to loan committee and communicate decisions.
• Monitor delinquency trends and repossession activity; follow up with borrowers.
• Coordinate annual financial statement follow-up and obtain requested documents.

Skills

Credit analysis

Cash flow analysis

Financial statement analysis

Communication skills

Presentation skills

Attention to detail

Education

Bachelor’s degree in Finance, Accounting, Business or related field

Master’s degree

Tools

Moody's software

D&B reports

Job description

## Credit Underwriter Sr - Inventory FinanceApply: Office: Schaumburg, IL: Full time: Posted Today: R0075468# **Description****Summary:**The Credit Underwriter Sr. - Inventory Finance (IF) is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible for financing.**Duties and Responsibilities:*** Underwrite high quality credit narratives in support of new and existing loans. Review and analyze various transactions. Includes review and analysis of applications, financial statements, balance sheets, D&B reports, etc.* Spreading business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information.* Understand cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow.* Research industry trends and risks.* Perform collateral analysis including accounts receivable, inventory, real estate and investments.* Run credit reports and gather/analyze KYC information.* Spread personal financial statements and tax returns for individual guarantors, develop borrower and guarantor global cash flow analysis.* Work with other areas to monitor delinquency, delinquency trends and repossession activity.* Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank of this information.* Prepare written recommendation as to whether the proposed loan should be approved as presented, and provide alternate loan structure recommendations.* Present to loan committee for loan approvals. Communicate decisions.* Performs other duties as assigned.**Basic Qualifications:*** Bachelor’s degree in Finance, Accounting, Business or related field* 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority.**Preferred Qualifications:*** Masters Degree* Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength. Experience with deal sizes ranging from 2MM to 10MM being preferred.* Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred* Strong written/verbal communication and presentation skills.* Demonstrated ability to make sound business judgments while protecting the interests of the bank.* Strong technical skills.#LI-DK1#CML**Exempt Status: (Yes** = not eligible for overtime pay) (**No** = eligible for overtime pay)Yes**Workplace Type:**OfficeOur Approach to **Office** Workplace TypeCertain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.**Compensation Range:**$63,000.00 - $124,000.00 Annual Salary The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).