Sr. Mid-Ticket Credit Analyst

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

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401k with match

Flexible spending accounts

Job summary

NewLane Finance is seeking a skilled Credit Underwriter to evaluate middle-ticket equipment financing requests. You will analyze income statements, cash flows, tax returns, and collateral, determining repayment capacity and risk.

The role requires 3+ years in lending, strong Excel and communication skills, and a commitment to underwriting with integrity and accuracy. Excellent benefits and career growth opportunities are offered.

Qualifications

• Bachelor's degree in finance, economics, accounting or related field.
• 3+ years of related experience, preferably in small business financing or leasing.
• Experience underwriting middle ticket transactions ($100,000 to $1,000,000).
• Strong understanding of business tax returns and financial statements.

Responsibilities

• Underwrite middle ticket transactions ($100,000 to $1,000,000) per Credit Policies.
• Review financial statements and collateral to assess repayment capacity.
• Prepare credit approval summaries for Credit and Senior Management.
• Qualify and approve equipment dealers and collateral financed.
• Ensure adherence to audit procedures and internal controls.

Skills

Underwriting

Financial analysis

Excel proficiency

Communication skills

Attention to detail

Education

Bachelor's degree in finance/economics

Tools

Microsoft Excel

Job description

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.

Our Values:

• Integrity
• Passion
• Teamwork
• Commitment to Excellence

Essential Duties and Responsibilities:

• Directly underwrite middle ticket transactions ($100,000 to $1,000,000) in accordance with NewLane's Credit Policies and Procedures.
• Provide concise analysis of equipment finance requests by reviewing business financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, personal financial statements, and collateral appraisal reports (when available).
• Duties may include financial spread and analysis of business financial statements and tax returns to determine the applicant's overall financial condition and their capacity to repay.
• Ensure transactions are underwritten according to NewLane's 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.
• Qualify and approve equipment dealers and collateral to be financed.
• Must understand, abide and uphold NewLane's audit procedures and internal controls related to essential duties and responsibilities.
• Perform fraud checks and due diligence while underwriting and assessing new equipment finance requests.
• Daily responsibilities will require face-to-face interaction with Sales, Credit and Senior Management.

General:

• Ability to work independently as well as collaboratively within a cross functional team.
• Proven ability to perform in a dynamic, high volume, transaction processing environment.
• Strong organizational skills and attention to detail.
• Excellent verbal and written communication skills.
• Candidate should be self-motivated and possess a desire to learn.
• Comply with audit and documentation policy and procedure requirements.
• Must understand, abide and uphold audit procedures and internal controls related to essential duties and responsibilities.

Qualifications:

• Bachelor's degree in finance, Economics, Accounting or related business fields required.
• 3+ years of related experience required, preferably within the small business financing or leasing industry.
• Experience underwriting middle ticket transactions ($100,000 to $1,000,000)
• A strong understanding of business tax returns, financial statements, and business concepts.
• Excellent Microsoft Office Suite including Excel and computer literacy skills required.
• Good working knowledge of other functional departments (i.e., Sales, Funding, Servicing, Collections, etc.) and their interactions with the Credit department.
• Strong interpersonal skills and ability to leverage relationship building skills.
• Customer service focus and a professional approach to servicing B2B relationships

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

Salary Range: $64,491.00 - $105,949.50

Individual base pay may vary on additional factors such as the candidate's exp