Credit Underwriting Officer - Inventory Finance

Huntington National Bank•Schaumburg, IL

1d•$77,000 - $154,000•Onsite

About The Position

This role will be onsite in our Schaumburg or Detroit (downtown or Bloomfield Hills) offices. Summary: Credit Underwriting Officers are 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.

Requirements

Bachelor’s degree in Finance, Accounting, Business or related field.
5+ years commercial credit underwriting experience.

Nice To Haves

Prior credit approval authority.
Ability to independently structure and underwrite most loan requests.
Established network of business clients, prospects, and referral sources.
Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength.
Excellent written/verbal communication and presentation skills.
Demonstrated ability to make sound business judgments while protecting the interests of the bank.
Experience coaching and developing others, informally or formally
Experience in lending to a wide variety of industries, loan types, and sizes of companies
Superior technical skills

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.
Provide leadership and guidance to less experienced analysts; coach and mentor as appropriate.
Lead special projects as needed.
Perform other duties as assigned.