VP, Credit Officer

3 weeks ago

Norwalk, United States Mitsubishi HC Capital America Inc Full time
Job DescriptionJob Description

For this role, we will consider candidates located near our Norwalk, CT and 5 days per week in office.

Position Overview:

Reviews, underwrites, and processes new credit transactions typically ranging from $1.0MM to $25MM. Assist the SVP, Chief Credit Officer – Commercial Finance in formulating company credit policies and procedures. Assist in development and implementation of Mitsubishi HC Capital America, Inc. (MHCA)’s client account underwriting, portfolio management, and other related processes. Perform other hands-on administrative functions relating to underwriting, documentation, funding, and collateral valuations. Assist in training of staff hires focusing on departmental workflows and MHCA underwriting guidelines.

Commitment to Internal Control:

The incumbent must understand, abide, and uphold the system of internal controls related to the essential duties and responsibilities of the position.

Essential Duties and Responsibilities:

(List in order of time spent)

Credit

  • Perform in-depth and accurate underwriting and financial evaluation of new business transactions within designated single signature authority on a timely basis, with a specific focus on Private Credit, Enterprise Value, Structured Finance, and Equipment Finance opportunities.
  • Prepare and present initial prescreen to credit staff, including financial analysis, and address credit concerns in conjunction with sales staff.
  • Prepare underwriting documentation for in-house and head office transactions in accordance with MHCA underwriting criteria with appropriate recommendations to SVP/Chief Credit Officer – Commercial Finance, and senior management with regard to transactions exceeding single signature authority.
  • Coordinate third party resources as part of the due diligence process including field auditors and appraisers.
  • Coordinate with sales and credit to onboard new clients (including establishing initial funding and operating procedures) and determine appropriate reporting requirements.
  • Perform necessary administrative reporting, organization, and implementation of internal contracts in relation to the global portfolio risk management.
  • Interact with the Documentation group to assure that the documents reflect the actual approval and commitment stipulated in their sign-off of the credit transaction.
  • Proactively monitor client financial condition and identify any adverse trends to senior credit management.
  • Provide timely support to MHCA new business origination efforts.
  • Provide training and support continued knowledge of governing laws within the United States relating to perfection of MHCA security interests.

Reporting

  • Collect all information from the IT Department relating to portfolio activity for purposes of reviewing and reporting on the MHCA portfolio.
  • Review risk and collateral relating to MHCA investment risk and provide reporting, recommend underwriting guidelines relating to industries and types of collateral and risk ratings.

Miscellaneous

  • Define, develop, implement, and report on credit policy and procedures.
  • Provide superior customer service to both internal and external customers.

KPI’s (Key Performance Indicators):

  • No Audit exceptions noted during the year.
  • No losses due to Credit/Documentation deficiencies (Measured at FYE)

Responsibility and Decision-Making Authority:

  • Act independently; Decision making within Company policy.
  • Single Signature Credit Authority within MHCA credit guidelines

Management/Supervisory Responsibilities:
  • N/A

Competencies:

  • Thinking Skills
    • Analytical Ability
    • Creativity/Innovation
    • Problem-solving
  • Communications
    • Ability to Transmit Information
  • Interpersonal Relationships
    • Ability to Work in a Team
  • Technical and Professional; Detail-oriented
  • Personal Qualities; Action-oriented
  • Entrepreneurship
    • Partnership Skills
    • Client-oriented
Education and Experience:
  • Minimum 15 years related experience with a comparable financial institution, including strong underwriting & structuring experience in Private Credit, Enterprise Value, Corporate Finance (Structured Finance, Cash Flow, M&A) and Equipment Finance transactions.
  • Strong understanding of financial statement analysis and credit underwriting principals
  • Familiarity with key contract terms related to various types of commercial finance transactions.
  • BA/BS in Accounting, Business, or similar degree or equivalent experience; (MBA preferred)

Related work experience preferred, including:

  • Completion of credit training and/or financial management program with specialty finance company
  • Industry experience in Finance, Energy, Healthcare, and/or Information Technology
  • Good client relations/interaction/presentation skills

Licensing and Certification: N/A

Working Hours:

  • Hours may vary and require overtime work depending on business need.

Tools and Equipment Used:

  • Personal computer, scanner, copier, phone, fax, and other typical office equipment

Travel:
  • Some travel on an as needed basis

Physical Demands:

  • Digital dexterity and hand/eye coordination in operation of office equipment
  • Light lifting and carrying of supplies, files, etc.
  • Ability to speak to and hear customers and/or other employees via phone or in person.
  • Body motor skills sufficient to enable incumbent to move from one office location to another.

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.


Salary Range: ($197,000 to $239,000) per year, plus a discretionary Bonus.

The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience, and education.

Additional Benefits:

• Medical, Dental and Vision Plans

• 401(k) and matching

• Generous Paid Time Off

• Company paid Life Insurance

• Employee assistance program

• Training and Development Opportunities

• Employee discounts

  • Branch Manager

    19 hours ago

    Norwalk, United States Mutual Security Credit Union Full time

    Job DescriptionJob DescriptionTITLE: Branch Manager REPORTS TO: VP, Sales & Service Grade: 11 SUPERVISES: Assistant Branch Manager Exempt Lead Member Service Representative Member Service Representative(s) GENERAL FUNCTIONPlay a vital role in optimizing team performance to enhance the member experience by driving sales and generating revenue for the...

  • Front Office Clerk

    1 day ago

    Norwalk, United States JWCH Institute Full time

    Job DescriptionJob DescriptionPosition Purpose:Under the direction of the Clinic Administrator, the Front Office Clerk is responsible for financial screening of all clients for state certification of eligibility, reception area duties, responding to client questions and providing directions to clients, as assigned.Principal Responsibilities:Schedule...

  • Front Office Clerk

    1 month ago

    Norwalk, United States JWCH Institute Full time

    Job DescriptionJob DescriptionPosition Purpose:Under the direction of the Clinic Administrator, the Front Office Clerk is responsible for financial screening of all clients for state certification of eligibility, reception area duties, responding to client questions and providing directions to clients, as assigned.Principal Responsibilities:Schedule...

  • Front Office Clerk

    2 weeks ago

    Norwalk, United States JWCH Institute Full time

    Position Purpose: Under the direction of the Clinic Administrator, the Front Office Clerk is responsible for financial screening of all clients for state certification of eligibility, reception area duties, responding to client questions and providing directions to clients, as assigned. Principal Responsibilities: Schedule appointments on the phone or in...

  • Estimator

    2 weeks ago

    Norwalk, United States Meruelo Group Full time

    PURPOSE: Prepares complete estimates for bidding, budgeting, scope changes, etc. as directed by President and Division VP. The ideal candidate will work with our Underground Utility group for dry utilities. ESSENTIAL DUTIES AND RESPONSIBILITIES: * Review proposal specifications, drawings, existing site conditions and attend pre-bid meetings to determine...

  • Accountant

    7 days ago

    Norwalk, United States Gunner Full time

    Gunner is a premier home improvement company that has grown exponentially year over year given we do the common thing uncommonly well. Gunner is looking to create a change in an industry desperately needing it! The Staff Accountant will be an integral piece to our continued growth and expansion efforts into new markets, partnerships and product offerings....

  • Chief Financial Officer

    4 weeks ago

    Norwalk, United States B2BCFO Full time

    Seeking An Experienced CFO Are you a driven and entrepreneurial CFO with experience in helping business owners improve their business? Would you like to guide business owners in selling or buying privately held companies? Would you like to be rewarded for your skill and experience? Are you seeking a unique opportunity to control your career while building a...

  • Accountant

    3 weeks ago

    Norwalk, United States Gunner Full time

    Job DescriptionJob DescriptionGunner is a premier home improvement company that has grown exponentially year over year given we do the common thing uncommonly well. Gunner is looking to create a change in an industry desperately needing it!The Staff Accountant will be an integral piece to our continued growth and expansion efforts into new markets,...

  • Paralegal

    1 month ago

    Norwalk, United States North Mill Equipment Fi Full time

    Job DescriptionJob DescriptionJob Summary:The Paralegal will assist VP – Legal by assigning accounts to outside counsel, monitoring and reporting on the status and strategizing and managing the process to maximize recoveries.Duties/Responsibilities:Prepare packages for placement with outside counsel.Manage outside attorney’s progress and strategy for...

  • Paralegal

    1 day ago

    Norwalk, United States North Mill Equipment Fi Full time

    Job DescriptionJob DescriptionJob Summary:The Paralegal will assist VP – Legal by assigning accounts to outside counsel, monitoring and reporting on the status and strategizing and managing the process to maximize recoveries.Duties/Responsibilities:Prepare packages for placement with outside counsel.Manage outside attorney’s progress and strategy for...

  • Member Services Representative II

    18 hours ago

    Norwalk, United States HR Pals LLC Full time

    Position Title: Member Service Representative II (MSR II) Reports To: Branch Manager Job Summary: Contribute to the Credit Union's key results and critical measures by displaying personal accountability in aligning job responsibilities with the organizations core purpose, core values, goals and objectives. Under general supervision and in accordance with...

  • Pet Host

    19 hours ago

    Norwalk, United States Pooch Hotel Full time

    We believe in the mission of "Pet Lovers Delighting Pet Lovers" and we demonstrate this through being Playful, Passionate, Personal and Professional. A successful candidate for this position will be someone who not only embraces this culture, but is a team player, self-motivated, takes direction well, has excellent communication skills, and great attention...

  • Pet Host

    4 hours ago

    Norwalk, United States Pooch Hotel Full time

    We believe in the mission of "Pet Lovers Delighting Pet Lovers" and we demonstrate this through being Playful, Passionate, Personal and Professional. A successful candidate for this position will be someone who not only embraces this culture, but is a team player, self-motivated, takes direction well, has excellent communication skills, and great attention...

  • Bookkeeper

    1 month ago

    Norwalk, United States Wylander Full time

    Job DescriptionJob DescriptionWylander, a recruiting company for the disaster restoration industry, is recruiting a Full Charge Bookkeeper for a full-service restoration company located in Norwalk, CT.Compensation and Benefits:Compensation: $25.00 Plus hourly DOEMonthly Bonus StructureElectronics PackagePaid Time Off &...

  • Retail Sales Leader

    4 weeks ago

    Norwalk, United States DICK'S SPORTING GOODS INC Full time

    **Retail Sales Leader Front End** City: Norwalk,CT Location: Norwalk CT Job Area: Store Hourly Job ID: 2200055M Brand: DICK'S Sporting Goods Starting Rate: $14.00 Current Teammate ** What Youll Do In This Role** **Description** On our team, everyone plays a critical role providing genuine, helpful and friendly service to help our athletes perform at their...

  • Hotel Front Desk Agent

    1 week ago

    Norwalk, United States LaKota Oaks Full time

    Job DescriptionJob DescriptionDescription:Located in a beautiful West Norwalk residential neighborhood, LaKota Oaks is the ideal retreat for weddings and private events.Come join a fun team with a fun culture! The property currently consists of our 120 room recently renovated hotel, indoor swimming pool, basketball court, and racquet ball courts.Summary:The...

  • Assistant Teachers

    1 week ago

    Norwalk, United States Stepping Stones Museum for Children Full time

    Job DescriptionJob DescriptionSummaryThe Early Language and Literacy Initiative (ELLI) is a high quality interdisciplinary approach to early childhood education. The ELLI Assistant Teacher will work collaboratively with the innovative ELLI teaching staff and ELLI partners, including Stepping Stones and Literacy How, to ensure quality and comprehensive...

  • VOCA Case Manager

    2 weeks ago

    Norwalk, United States Family and Children s Agency Inc Full time

    Job Description Job Description Family & Children’s Agency (FCA) is a leading non-profit, 501(c)(3), human service organization that is committed to increasing the social and emotional well-being of more than 11,000 individuals throughout Fairfield County and beyond. Skilled professionals serve clients in four primary service areas: children and families,...

  • VOCA Case Manager

    4 weeks ago

    Norwalk, United States Family and Children s Agency Inc Full time

    Job DescriptionJob DescriptionFamily & Children’s Agency (FCA) is a leading non-profit, 501(c)(3), human service organization that is committed to increasing the social and emotional well-being of more than 11,000 individuals throughout Fairfield County and beyond. Skilled professionals serve clients in four primary service areas: children and families,...

  • VOCA Case Manager

    1 day ago

    Norwalk, United States Family and Children s Agency Inc Full time

    Job DescriptionJob DescriptionFamily & Children’s Agency (FCA) is a leading non-profit, 501(c)(3), human service organization that is committed to increasing the social and emotional well-being of more than 11,000 individuals throughout Fairfield County and beyond. Skilled professionals serve clients in four primary service areas: children and families,...