Senior Credit Analyst

NewLane Finance; Philadelphia (Philadelphia County); On-site; USD 64,000 - 106,000; Full time

Benefits offered by this job

Health, Vision, Dental

401k with match

Generous PTO

Job summary

NewLane Finance in Philadelphia is seeking an experienced Senior Credit Analyst to review and process small business credit applications and conduct credit investigations for mid-ticket transactions up to $500,000.

You will evaluate risk using commercial and consumer reports, financial statements and tax returns, make sound credit decisions within policy, and prepare summaries for senior management. Excellent communication and teamwork are essential.

Qualifications

• Bachelor degree in Finance, Economics, Accounting or Math is required.
• Formal Credit Training is preferred.
• At least 5+ years of related experience in small business financing or leasing.
• Strong understanding of business tax returns and financial statements.
• Excellent Microsoft Office Suite and Excel skills.

Responsibilities

• Review and evaluate credit risk for commercial businesses with ticket sizes up to $500,000.
• Interpret commercial and consumer reports to render sound credit decisions.
• Analyze financial statements and tax returns to assess repayment capacity.
• Ensure transactions are underwritten per policy and procedure standards.
• Review and decide transactions within delegated credit authority.
• Prepare and present credit approval summaries to senior management.

Skills

Credit analysis

Financial analysis

Analytical skills

Communication skills

Teamwork

Education

Bachelor degree in Finance, Economics, Accounting or Math

Formal Credit Training

Tools

Excel

Job description

NewLane Finance is a commercial equipment finance company, serving small and mid-size businesses nationwide. Our mantra is "Business Lending Done Right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is powered by a $24B financial organization.

NewLane Finance is a commercial equipment finance company, serving small and mid-size business nationwide. Our mantra is "business lending done right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is powered by a $24B financial organization.

NewLane Finance is seeking an experienced Senior Credit Analyst to review, analyze and process small business credit applications and conduct credit investigations for mid-ticket transactions. Responsible for making proper credit decisions based on business and personal credit reports, public records, references and investment ratings. Refers credit recommendations for transactions above assigned credit authority to proper credit personnel and/or management.

Essential Duties and Responsibilities:

• Responsible for reviewing and evaluating credit risk for commercial businesses, with ticket sizes ranging up to $500,000
• Responsible for interpreting commercial (D&B, Paynet, etc.) and consumer reports (Experian, TransUnion and Equifax), and related information to render a sound credit decision
• Duties include financial spread and analysis of business financial statements and tax returns to determine the applicant’s overall condition and their capacity to repay
• Ensure transactions are underwritten according to Credit policy and procedure standards
• Review and decision transactions which are within delegated individual credit authority
• When needed, prepare and present credit approval summaries to members of Credit and Senior Management Review documentation of funding packets (i.e. internal documentation, lease contract, invoice etc.).
• Review and approve collateral and vendors supplying equipment to be leased or financed.
• Must understand, abide and uphold audit procedures and internal controls related to essential duties and responsibilities.
• Daily responsibilities will require face to face interaction with Sales, Credit and Senior Management.

Qualifications:

• Bachelor degree in Finance, Economics, Accounting or Math required.
• Formal Credit Training preferred
• At least 5+ years of related experience required, preferably within the small business financing or leasing industry
• A strong understanding of business tax returns and financial statements
• Good working knowledge of other departments i.e. Sales, Funding, Asset Management and Collections and the interaction of the Credit Department.
• Good working knowledge of credit and underwriting principles and procedures as well as business concepts.
• Excellent Microsoft Office Suite including Excel and computer literacy skills required.
• Excellent verbal and written communication skills.
• Candidate should be self-motivated and possess a desire to learn.
• Strong organizational skills and attention to detail with sense of urgency.
• Ability to work independently as well as in a team setting in a fast-paced environment.

Compensation Range: $64,491 - $105,949

The successful candidate will receive competitive compensation, excellent benefits including Health, Dental, Vision, 401k) with match, flexible spending, Life Insurance, Short Term and Long-Term Disability Insurance, generous PTO, and much more…

NewLane Finance is shaping the future of business finance, and we're looking for talented, committed individuals to join our company as we continue to grow our team. We work hard to find the best people, invest in their professional development and encourage “thinking outside the box”. Ultimately, it is our people which will create our success…by helping our customers grow and succeed.

NewLane Finance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, protected veteran or disabled status, or genetic information.

NewLane Finance will not be able to provide Relocation or Sponsorship.