Senior Credit Underwriter - Distribution Finance

0101 The Huntington National Bank; North Carolina; On-site; USD 63,000 - 124,000; Full time

Job summary

A leading national bank is seeking a Senior Credit Underwriter for its Distribution Finance team. The role involves analyzing customer credit worthiness and making informed decisions on financing while collaborating with various departments. Ideal candidates will possess strong analytical skills, with relevant experience in credit underwriting and Financial evaluation, to assist in loan decision processes.

Benefits

Health insurance coverage

Wellness program

Paid leave programs

Qualifications

• 3+ years of wholesale/commercial credit underwriting experience.
• Prior credit approval authority is required.
• Detail-oriented with cash flow analysis abilities.

Responsibilities

• Underwrite credit narratives for new and existing loans.
• Analyze applications, financial statements, and reports.
• Prepare recommendations for loan approvals.

Skills

Credit Analysis

Financial Statement Analysis

Risk Assessment

Cash Flow Analysis

Communication Skills

Education

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

Master’s degree

Job description

Senior Credit Underwriter - Distribution Finance page is loaded

Senior Credit Underwriter - Distribution Finance

Apply remote type Office locations Schaumburg, IL Detroit, MI Minnetonka, MN Columbus, OH Cincinnati, OH time type Full time posted on Posted 2 Days Ago job requisition id R0061437

Description

Summary:

The Senior Credit Underwriter - Distribution Finance is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Activities include 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 including review and analysis of applications, financial statements, balance sheets, D&B reports, etc.
• Spread 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, 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 and communicate decisions.
• Perform 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 preferred
• Experience in lending to a wide variety of industries, loan types, and sizes of companies preferred
• Strong written and verbal communication as well as presentation skills.
• Demonstrated ability to make sound business judgments while protecting the interests of the bank
• Strong technical skills

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Exempt Status: (Yes = not eligible for overtime pay) (No= eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain 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 - $124,000 Annual Salary

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. 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).

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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About Us

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Those are our values—simple but powerful. Each of them pushes us do the right thing, to do right by people. Because people are what matter.

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Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.