EFG Senior Credit Officer

First Commonwealth Bank; Northern (KY); Hybrid; USD 90,000 - 130,000; Full time

Job summary

First Commonwealth Bank is seeking a Senior Credit Officer in the Equipment Finance Group to provide credit support and manage credit risk for small to middle-ticket transactions. You will analyze financial statements, cash flow, and credit reports to prepare memos and present recommendations to the Loan Committee.

Responsibilities include data gathering on borrowers and collateral, applying credit structuring techniques, and communicating decisions to internal and external customers.

Qualifications

• Bachelor’s degree preferred in business or related field.
• 7+ years of experience evaluating finance transactions up to $5,000,000.
• Strong reading, writing, grammar; analytical and mathematical skills.
• Proficient in Windows and Office applications.
• May be eligible for Telecommuting.

Responsibilities

• Perform credit analysis on small to middle-ticket applications up to $5,000,000.
• Analyze financial statements, cash flow, and projections.
• Assess consumer and commercial credit reports as part of credit decisions.
• Communicate credit decisions clearly and timely to stakeholders.
• Gather data on business, guarantor, exposure, and collateral for credit requests.
• Propose structuring techniques (rate, down payment, collateral, term) when weaknesses are found.
• Prepare formal credit memos and present recommendations to the Credit Manager or Loan Committee.

Skills

Credit analysis

Financial statement analysis

Credit underwriting

Communication skills

MS Office

Education

Bachelor’s degree in business or related

Tools

MS Office

Job description

Southeastern PA Ops Cntr
Berwyn, PA 19312, USA

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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