Credit Underwriter Sr - Inventory Finance

Credit Underwriter Sr. - Inventory Finance

The Credit Underwriter Sr. - Inventory Finance is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes 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. Includes review and analysis of applications, financial statements, balance sheets, D&B reports, etc.
• Spreading 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, which includes 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. Communicate decisions.
• Performs other duties as assigned.

Basic Qualifications

• Bachelor's degree in Finance, Accounting, Business or related field
• 3+ years wholesale/commercial credit underwriting experience

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 being preferred.
• Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred
• Strong written/verbal communication and presentation skills.
• Demonstrated ability to make sound business judgments while protecting the interests of the bank.
• Strong technical skills.

Exempt Status: Yes

Workplace Type: Office

Compensation Range: $63,000 - $124,000 Annual Salary

Huntington is an Equal Opportunity Employer.