Sr. Mid-Ticket Credit Analyst

WSFS Bank•Philadelphia, PA

3d•Onsite

About The Position

NewLane Finance is a commercial equipment finance company serving small and mid-size businesses nationwide. Our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions with unmatched speed, convenience, and customer service. Our products and services are offered primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is powered by a $24B financial organization. We are seeking an experienced Middle Ticket Senior Credit Underwriter to join and lead a middle ticket credit team. The qualified candidate will be responsible for and have direct oversight of the day-to-day underwriting of all middle ticket transactions with sizes ranging from $100,000 to $1,000,000. The role requires strong commercial credit underwriting skills, financial statement analysis, communication skills, and the ability to structure transactions. Our Values: Integrity, Passion, Teamwork, Commitment to Excellence.

Requirements

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.
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.

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).
Perform 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.
Prepare and present credit approval summaries to members of Credit and Senior Management when needed.
Qualify and approve equipment dealers and collateral to be financed.
Understand, abide by, 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.
Engage in face-to-face interaction with Sales, Credit, and Senior Management on a daily basis.