Senior Credit Underwriter - Leasing (Possibly Remote)

Civista Bancshares, Inc.; Pittsburgh, Northern (Allegheny County, KY); Hybrid; USD 75,000 - 105,000; Full time

Job summary

Civista Bancshares, Inc. in Pittsburgh, PA is seeking a Credit Underwriter – Leasing to perform credit analysis, lease presentations, and risk assessments for equipment leases.

This role involves evaluating asset quality and recommending lease structures with attention to policy and regulatory requirements. The ideal candidate will have five or more years of commercial underwriting experience, strong analytical and communication skills, and the ability to collaborate with Syndication and Leasing

Qualifications

• Bachelor's Degree in business/finance preferred.
• Five+ years commercial underwriting experience.
• Knowledge of banking industry practices.
• Proven analytical skills.
• Strong written, verbal, and interpersonal skills.
• Proficiency with MS Office and financial statement spreading software.
• Experience with lease financing preferred.

Responsibilities

• Perform credit analysis and lease presentations for equipment leases.
• Review lessee financial statements and assess risk.
• Recommend lease structures and terms based on risk analysis.
• Collaborate with Syndication team on potential sales opportunities.
• Ensure compliance with bank policies and procedures.
• Manage multiple projects with timely delivery.

Skills

Credit analysis

Underwriting

Financial statements

Microsoft Office

Communication

Team collaboration

Syndication

Regulatory knowledge

Attention to detail

Education

Bachelor's Degree

Tools

SalesForce

Loan Vantage

T-Value

Financial calculator

Job description

Description

With limited supervision, the Credit Underwriter – Leasing, will perform credit analysis, lease presentations and reviews, for small, mid-, and large-ticket equipment leases. This position will be responsible for reviewing, analyzing and written assessments of the asset quality of individual risk exposures and overall composite asset quality. In addition, the Senior Underwriter will be expected to trend risk and credit risk management practices. This position could possibly be filled as a remote position.

Requirements

Description of Duties, Responsibilities and Expectations

• Display detailed knowledge of principals of commercial equipment leasing, financial analysis, cash flow analysis, commercial banking laws and bank policy.
• Display ability to understand small ticket scorecard analysis.
• Create thorough and concise analyses of the risks and mitigates of complex equipment leasing requests by spreading, reviewing and analyzing the lessee’s financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, personal financial statements, and collateral appraisal reports. Ability to draw your own conclusions and arrive at individual credit recommendations.
• Understanding and ability to analyze residual risks and various types of end-of-term lease options, including FMVs, TRAC Leases, PUT (Purchase Upon Termination) and Nominal Option Leases.
• Prepare sensitivity analyses, cash flows, and assessments of collateral as well as analyze the personal guarantor(s) financial condition.
• Demonstrate the ability to identify transactions for syndication and work with the Syndication team to assist in potential sales.
• Conduct analysis of the market and industry (competition, suppliers, and potential new entrants) and management teams.
• Participate in the ongoing development of commercial leasing procedures that safeguard the Bank.
• Recommend alternative lease structures.
• Participate in the completion of projects including planning, assigning, monitoring and reviewing progress and accuracy of work; evaluating results, etc.
• Know and understand Bank/Credit policies and procedures.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
• To spread the lessee’s financial statement information by use of appropriate software programs. To review financial analysis reports and act as the technical resource for the use of the credit software program.
• Understand new and pending laws and regulations that affect the organization’s credit practices.
• Understanding of UCC Financing Statements and other secured lending laws for equipment financing.
• Recommend risk grade changes.

Qualifications, Knowledge and Skills

• Bachelor’s Degree, Business, finance, accounting major preferred, other majors with a business minor also acceptable; or equivalent experience.
• Five or more years of commercial underwriting experience, preferably in equipment leasing
• A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature. Work may involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities becomes necessary.
• Knowledge of banking industry practices relative to commercial banking.
• Proven analytical skills.
• Strong negotiating skills.
• Strong written, verbal, and interpersonal skills; ability to maintain confidentiality of information, as appropriate.
• Understanding of the components of the complex financial statements and personal/corporate tax returns.
• Proficiency with Microsoft Office products (Word, Excel, Access, Power Point, etc.) and financial statement spreading software is required. Knowledge of SalesForce, Loan Vantage and T-Value or use of a financial calculator is preferred but not required.
• A high level of initiative, thoroughness, accuracy, and organizational skills required.
• Detail oriented with effective judgment and time management.
• Ability to work well independently and with other team members throughout the organization. Promote team and interdepartmental collaboration.
• Ability to coach and develop others.
• Ability to provide feedback/train new credit underwriters.
• Ability to plan and conduct special projects or assignments.
• CLFP (Certified Lease and Finance Professional) preferred but not required.

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Physical Requirements

• Work involves eye strain due to the frequent use of computer screens, reading of reports, entering information into a spreadsheet, and so forth.
• Work involves sitting most of the day.
• Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions.
• Work may involve lifting and moving loan files of up to 15 lbs.
• Work involves some travel, independently and with the leasing sales team, to consult on financial information, training, meetings and so forth.

EOE - Race/Sex/Disability/Veteran

This Position Description is not a complete statement of all duties and responsibilities comprising this position.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this position at any time.