Sr. Credit Analyst

1 month ago

Spartanburg, United States American Credit Acceptance Full time

Overview:

Summary/Objective

The Senior Asset-Based Analyst will be responsible for underwriting middle-market asset-based lending transactions, leading deal teams, supporting Relationship Managers and mentoring junior associates. The Senior Asset-Based Analyst will be required to think critically and analytically to develop and communicate insights used to extend credit, enhance the dealer experience, and minimize credit losses. The Senior Asset-Based Analyst will conduct due diligence, perform robust collateral analysis, and conduct financial statement and cash flow reviews. The Senior Asset-Based Analyst will attend client prospect meetings, manage the due diligence process, gather information, and perform research to identify, quantify and mitigate underwriting risk inherent in an asset-based commercial lending function.

We will not sponsor applicants for work visas for this position.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • New business - lead deal team to evaluate new transactions, pre-screen transactions, conduct due diligence, prepare credit approval memos on transactions that meet defined credit criteria in the pre-screen process, pitch transactions to credit committee in order to obtain credit approval, negotiate and review legal documentation as needed, and participate in deal closing.
  • Ongoing business lead deal team to underwrite credit renewals, extensions and modifications. Assist with management of assigned portfolio accounts - monitor performance and covenant compliance, prepare collateral trend analyses and periodic/annual reviews, process amendments and waiver requests in a timely manner to meet client expectations, provide performance updates to managers, identify and act on warning signals, participate in portfolio reviews as needed.
  • Analyze collateral data, financial statements and capital structures, conduct business/industry/competitor analysis to identify transaction risks and mitigants; recommend transaction structures appropriate to the opportunity; provide a yes/no recommendation on the transaction based on due diligence.
  • Mentor and train junior analysts for the business.
  • Maintain familiarity with Spartan policies, procedures, and underwriting standards.
  • Interface with other parts of the Spartan and ACAs business, such as Portfolio Reporting and Analysis, Funding, Bulk Acquisitions, Compliance, Legal as well as other departments such as Finance, Risk and Internal Audit.
  • Develop deep auto finance and dealership industry knowledge.
  • Interface with clients (including brokers and intermediaries), as needed, to complete diligence process, as well as to assist the relationship management efforts.

Qualifications

  • Minimum of 5-10 years of credit experience, preferably in the commercial lending industry; credit trained with the direct experience of leading the underwriting and execution of senior debt transactions.
  • Minimum of a Bachelors degree in Business Administration, Accounting, Finance or Economics
  • Must have the ability to work with large databases and datasets for extraction and conversion into useful business and credit information.
  • Must have a solid understanding of financial statements and capital structures, strong analytical skills with an ability to question assumptions, experience structuring transactions, leading deal teams and negotiating documentation.
  • Strong communication and interpersonal skills; team player.
  • Self-motivated with high energy levels; ability to prioritize and multi-task effectively.
  • Carry out the Johnson Family of Companies Guiding Principles: Integrity, Partnership, Humility, Principled Entrepreneurship, Initiative and Fulfillment.
  • Strong verbal and written communication, time management, attention to detail, and organizational skills
  • Experience with Microsoft Excel is a necessity; SQL is a plus

Supervisory Responsibility

This position has no supervisory responsibilities.

Work Environment and Physical Demands

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Position Type/Expected Hours of Work

This is a full-time position. Hours and days of work may vary or exceed 40 in any given week depending on the needs of the business.

Travel

This position will require up to 20% travel.

EEO Statement

ACA provides equal employment opportunities (EEO) to all applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. ACA complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.

California Privacy Notice

"As an employer of California residents, we are dedicated to protecting your privacy rights. Any personal information you provide during the application process will be used solely for permitted internal purposes and will be handled in accordance with applicable privacy laws. By applying to this position, you consent to the collection, use, and disclosure of your personal information as described in our Employee Privacy Notice."

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

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