Senior Credit Analyst - Equipment Lending

Canon Financial Services; Burlington (NJ); Hybrid; USD 76,000 - 114,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) Savings Plan

Profit sharing

Educational assistance

Vacation

Discretionary success sharing

Job summary

Canon Financial Services in Burlington, NJ seeks a Senior Credit Analyst for Equipment Lending to assess credit requests, analyze financial data, and support risk decisions. The role collaborates with sales, documentation, and collections to maintain sound risk management.

The position offers a hybrid schedule with in-office days on Wednesday and Thursday and remote work otherwise, plus a comprehensive benefits package and competitive salary.

Qualifications

• Bachelor’s Degree or equivalent in finance or related field.
• At least 5 years of related work experience.
• Decisioning lease/loan requests experience is required.
• Equipment financing experience is required.
• Strong working knowledge of automated credit scoring and financial modeling.

Responsibilities

• Review and analyze credit scoring metrics and risk ratings to provide timely credit decisions.
• Support credit decisions with scoring model data and external reports (D&B, Experian, Moody’s, S&P).
• Spread and analyze financial statements and incorporate metrics into credit reviews.
• Review and approve transactions within authority and recommend beyond authority.
• Monitor credit lines and renewals in a timely fashion.
• Document credit approvals per risk guidelines and terms.

Skills

Analytical skills

Negotiation

Communication

Team player

Time management

Financial modeling

Credit decisioning

Problem solving

Risk assessment

Education

Bachelor’s Degree in Finance or related

Tools

Google Workspace

Credit scoring software

Job description

Senior Credit Analyst - Equipment Lending

About this position

US-NJ-Burlington

Job ID: 34747

Type: Full-Time

# of Openings: 1

Category: Risk Management

CFS - Burlington, NJ

About the Role

Canon Financial Services in Burlington, NJ is currently seeking a Senior Credit Analyst - Equipment Lending (Sr Analyst, Risk). The Senior Credit Analyst - Equipment Lending is responsible for making sound credit decisions within required turnaround times, investigating and decisioning credit requests using all available credit resources. Required competencies include strong analytical, communication, negotiation, and creative thinking skills, with a thorough understanding of automated credit scoring and risk rating analytics. Team player regularly collaborating with other Risk Analysts and inside and outside sales representatives. Regularly communicates with originations, documentation, and collections/portfolio management departments to resolve risk management issues within appropriate guidelines. Supports automated credit scoring model maintenance and upgrades, as needed, by facilitating credit scoring enhancements in collaboration with the IT department.

This position is full time and offers a hybrid work schedule requiring you to be in the office Wednesday and Thursday and an option to work from home the remainder of the week (unless a specific business need arises requiring in office attendance on other days). Note that work schedules and office reporting requirements may change from time to time based on business needs.

Your Impact

• Reviews and analyzes credit scoring metrics and risk ratings and quickly identifies material credit strengths and weaknesses to provide timely credit decisions
• Supports credit decisions with scoring model and supplementary data from commercial and personal credit reporting agencies and various web resources including, but not limited to, D&B, Experian, Moody's, S&P, Fitch, A.M. Best, NAIC, AHD and SEC and FDIC filings
• Accurately spreads and analyzes financial statements and incorporates relevant financial metrics into credit reviews
• Reviews and decisions transactions within assigned authority, including recommendations from junior Analysts, and makes recommendations on transactions in excess of assigned authority
• Monitors credit lines and completes credit line renewals in a timely fashion
• Structures and appropriately documents credit approvals consistent with risk management guidelines
• Reviews and approves changes to contract terms and conditions within assigned authority
• Advises sales team on pended applications and facilitates the process of obtaining credit and financial information to decision pended transactions
• Regularly updates system comments to keep all parties informed of the status of all credit applications
• Ensures that dealer and customer concerns are resolved in a timely and appropriate manner without undermining risk management standards
• Develops and maintains effective working relationships with inside and outside sales teams and end user customers
• Negotiates complex credits to obtain favorable lease structures that win business without compromising credit standards
• Serves as mentor to less experienced or junior members of the credit team
• Completes assigned training on or before the due date with required level of proficiency
• Other responsibilities as assigned

Contributes to attaining team and individual goals, as defined or modified, including:

• Individual and Team Application Turnaround Goals
• Team Approval Ratios
• Delinquency and charge off goals
• Proactively following up on pended applications to facilitate timely credit decisions
• Resolving appeals in a timely manner
• Facilitating credit scoring maintenance and updates, as needed, in collaboration with IT department

About You: The Skills & Expertise You Bring

• Bachelor’s Degree or equivalent, preferably in finance or a related subject
• At least 5 years of related work experience
• Decisioning lease/loan requests experience is required
• Equipment financing experience is required
• Bank credit training or other formal credit training a plus
• Strong working knowledge of automated credit scoring and financial modeling, including business and consumer scoring model development, adjustments, and maintenance
• Ability to effectively negotiate and close structured approvals for challenging credits
• Clear understanding of equipment lease operations
• Ability to communicate effectively to resolve issues in a professional and congenial manner
• Working knowledge of lease accounting systems
• Team player and self-starter with high energy, positive outlook, and professional demeanor
• Career oriented, with a focus on career growth in the equipment finance business
• Ability to handle multiple tasks and accurately complete assignments within expected time frames in a high volume environment
• Working knowledge of Google, including Docs, Sheets and Slides
• Strong interpersonal skills, including rapport building, listening, and questioning skills
• Ability to work effectively in a fast-paced environment supporting all territories as needed, including East, Central, and West zones
• Complete special projects as assigned
• Inventory Finance and/or Hard Asset underwriting experience, and Broker experience are a plus

We are providing the anticipated salary range for this role: $76,150 - $114,040 annually.

Company Overview

About our Company - Canon Financial Services, Inc. (CFS) is a wholly-owned subsidiary of Canon U.S.A., Inc. Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $30.3 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents granted in 2022 and is one of Fortune Magazine's World's Most Admired Companies in 2022. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss and follow us on Twitter @CanonUSA. For media inquiries, please contact [e-mail] .

Based on weekly patent counts issued by United States Patent and Trademark Office.

All referenced product names, and other marks, are trademarks of their respective owners.

Canon Financial Services offers a competitive compensation package including medical, dental, vision, 401(k) Savings Plan, discretionary profit sharing, discretionary success sharing, educational assistance, recognition programs, vacation, and much more. https://www.usa.canon.com/about-us/life-at-canon/benefits-and-compensation

We comply with all applicable federal, state and local laws, regulations, orders and mandates, including those we may be required to follow as a federal government contractor/subcontractor.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

#CFS