Equipment Finance Credit Underwriter Workout Specialist

HomeTrust Bank•Cornelius, NC

2d•Onsite

About The Position

The Equipment Finance Credit Underwriter / Workout Specialist assists bank management in maintaining the quality of the Equipment Finance loan portfolio through the objective analysis of existing and potential customer relationships. This position will underwrite Equipment Finance relationships of varying complexity and provide a thorough analysis and risk assessment to determine the risk grade of these businesses, their ultimate repayment ability, and the long-term viability of these businesses. The incumbent will also perform certain administrative asset management functions including review and assistance in collection of past due accounts over 45 days, coordinating judgement and other activities with assigned attorneys, and providing periodic portfolio reviews and reports to track and manage residual exposure and ensure compliance with FASB13 and external audit requirements. Key Responsibilities / Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work closely with the Equipment Finance Regional Sales Managers in support of the division’s loan growth objectives while prudently assessing credit risk and structuring loans in accordance with policy. Underwrite credit packages for non-complex new money. Manage a portfolio of existing client relationships that will increase in size over time. Complete annual reviews; review monthly borrowing bases and covenant calculations; monitor changes in the borrower's industry and operating performance; and identify changes in the borrower's credit risk profile. Assess credit requests to determine if they meet the bank’s risk tolerance appetite and/or need to be structured differently than what is proposed. Assist in certain Equipment Finance Collection and Loss Mitigation functions, including working with assigned attorneys to assist in the execution of loss mitigation strategies, and assisting in the coordinating of liquidation and sale of equipment. Maintain confidentiality and security of sensitive information. Adhere to all corporate policies and procedures, Federal and State regulations, and laws. Complete all mandatory annual compliance training. Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection, and determent of money laundering and other unlawful activities, as well as regulations pertaining to lending and consumer compliance to include fair lending laws. Perform other duties and special projects as assigned.

Requirements

Bachelor’s degree in finance, Business Administration, Operations Management, or combination of relevant educations and related experience.
3+ years of commercial credit (C&I) and/or equipment finance underwriting.
Able to leverage technology effectively within the underwriting and approval process.
Understands and embraces the core values of HomeTrust Bank.
Ability to understand and use bank loan policies and procedures to support positive customer interactions.
Possess good personal, verbal, and written communication skills, plus organizational capability.
Ability to resolve problems in a positive way.
Ability to successfully manage and mitigate conflict with minimum noise.
Able to handle confidential information with the utmost of discretion.
Technically savvy and task oriented.
Possess a high standard of personal accountability in meeting assigned objectives.
Ability to think and act independently within guidelines and limitations of bank policy and assigned personal authority.
Ability to quickly assess, recommend and package for approval in a high-volume environment all app-only applications, typically credit requests of $350,000 and less.
Proficient in Microsoft Office products.

Nice To Haves

3+ years of equipment finance and leasing experience.
Experience with various leasing systems such as ASPIRE.

Responsibilities

Work closely with the Equipment Finance Regional Sales Managers in support of the division’s loan growth objectives while prudently assessing credit risk and structuring loans in accordance with policy.
Underwrite credit packages for non-complex new money.
Manage a portfolio of existing client relationships that will increase in size over time.
Complete annual reviews; review monthly borrowing bases and covenant calculations; monitor changes in the borrower's industry and operating performance; and identify changes in the borrower's credit risk profile.
Assess credit requests to determine if they meet the bank’s risk tolerance appetite and/or need to be structured differently than what is proposed.
Assist in certain Equipment Finance Collection and Loss Mitigation functions, including working with assigned attorneys to assist in the execution of loss mitigation strategies, and assisting in the coordinating of liquidation and sale of equipment.
Maintain confidentiality and security of sensitive information.
Adhere to all corporate policies and procedures, Federal and State regulations, and laws.
Complete all mandatory annual compliance training.
Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection, and determent of money laundering and other unlawful activities, as well as regulations pertaining to lending and consumer compliance to include fair lending laws.
Perform other duties and special projects as assigned.