EFG Senior Credit Officer

First Commonwealth Bank; Berwyn (PA); Remote; USD 110,000 - 170,000; Full time

Job summary

First Commonwealth Bank in Berwyn, PA seeks a Senior Credit Officer in the Equipment Finance Group to provide credit support for small to middle-ticket financing up to $5M. You will analyze financial statements and credit reports, prepare formal credit memos, and present recommendations to the Credit Manager or Loan Committee.

Responsibilities include ensuring timely, accurate credit decisions; gathering data on borrowers and collateral; applying structuring techniques when needed; and

Qualifications

• Bachelor's degree in business or credit underwriting preferred.
• 7+ years of experience with financial statement analysis to evaluate finance transactions up to $5,000,000.
• Strong reading, writing, and grammar skills; superior analytical and mathematical abilities; good communication.
• Proficient with Microsoft Windows and Microsoft Office.
• May be eligible for Telecommuting.

Responsibilities

• Perform credit analysis on small to middle ticket credit applications up to $5,000,000.
• Analyze financial statements, cash flow, and projection analyses.
• Analyze consumer and commercial credit reports as part of the decision process.
• Communicate credit decisions clearly and promptly to stakeholders.
• Gather data on business, guarantor, exposure, and collateral; liaise with internal/external customers.

Skills

Credit analysis

Financial analysis

Analytical skills

Communication

Education

Bachelor's degree in business or credit underwriting

Tools

Microsoft Office

Windows OS

Job description

Southeastern PA Ops Cntr
Berwyn, PA 19312, USA

• Full-Time
• Requisition #: EFGSE008489

Description

**Candidate must reside in PA or OH to be Telecommuting eligible.

As a Senior Credit Officer with the Equipment Finance Group, you provide Credit Support Services for equipment finance business lines and assists in the on-going management of credit risk. You perform credit analysis on small to middle ticket credit applications, analyze financial statements and credit reports. Prepares formal credit memos and presents recommendations to the Credit Manager or Loan Committee for middle ticket transactions.

1. Performs credit analysis on small to middle ticket credit applications to $5,000,000.

2. Performs financial statement analysis, cash flow analysis and projection analysis.

3. Analyzes consumer credit reports and commercial credit reports as part of the credit decision process.

4. Communicates timely credit decisions in an accurate, clear and concise manner

5. Gathers data relevant to the credit request regarding the business, the guarantor, total exposure and the collateral. Provides direct communication to internal and external customers on credit and documentation matters.

6. Identifies credit applicants with minor weaknesses and apply appropriate structuring techniques e.g. rate enhancements, down payments, additional collateral, and term reduction. Presents applicant's strengths and weakness to internal and external customers.

7. Prepares formal credit memos and presents recommendations to the Credit Manager or Loan Committee for middle ticket transactions.

8. Requests the appropriate documentation as it relates to the size of the transaction and structure of the legal entity.

10. Reviews and approves Source (Dealer/Broker/OEM) programs.

11. Performs annual reviews for Obligors and Sources.

12. Communicates EF credit underwriting strategies and business practices.

13. Interacts with Team Members, Customers, Sources, Legal Advisors, Corporate Executives and Sale Representatives regarding specific opportunities and programs.

14. Full knowledge and understanding of policies set forth by EF and the ability to abide by them.

Bona Fide Occupational Qualifications___________________________

1. Bachelor's degree in business or educational training specific to credit underwriting is preferred.

2. A minimum of seven (7) years of experience with financial statement analysis expertise to evaluate finance transactions to $5,000,000.

3. Strong reading, writing, and grammar skills; superior analytical and mathematical skills; proficient communicative and interpersonal relations skills required.

4. Microsoft Windows and Microsoft Office knowledge required.

5. May be eligible for Telecommuting.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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