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Equipment Finance Credit Analyst

2 months ago


Indiana, United States Horizon Bank Full time

Job Overview The Credit Analyst will work effectively with the Small Ticket Credit Manager to aid in the processing of small ticket transactions. Underwrite primarily scored, "app-only" small and medium sized companies by reviewing and analyzing financial and industry data, borrower performance and management capabilities and tenure to assess credit worthiness and estimate the degree of risk involved in extending credit to equipment finance customers.

Principal Accountabilities Accountable for meeting specified goals related to proper loan risk rating determinations and productivity.

Ensure proper maintenance of internal controls through a strong risk management focus and implementation of efficient workflow process.

Represent the Bank to both internal and external customers in a courteous, professional manner in face-to-face/video conference, written and telephone communications.

Responsible for adherence to regulatory compliance standards including Bank Secrecy Act (BSA), company policies and procedures, as well as the quality and timeliness of departmental activities.

Actively protect confidentiality of customer and account information. Demonstrate Horizon Bank's commitment to the communities in which we serve through active involvement in local organizations and events.

Duties

Perform the initial and ongoing credit analyses to determine if customer finance requests satisfy policy and procedure guidelines, and prepare and process all applicable documentation and data entry. Make recommendations to management when requests fall outside of policy and or authority.

Complete initial processing of small ticket credit submissions which entails setting up a customer folder and pulling the initial credit reports such as Paynet, Clear, Equifax, and various Google searches.

Review the equipment reseller for approval.

Prepare objective written credit analyses including recommendation of risk ratings for scored requests and comparable market analysis regarding collateral coverage.

Recommend procedural changes to management when inconsistencies are discovered during the scoring process.

Consult with sales team and HEFS management to properly structure and price to mitigate risk in marketable solution.

Serve as a participant in various HEFS and/or Bank committees as needed or assigned.

Perform all work in compliance with established regulations, policies, Standard Operating Procedures (SOPs) and instructions.

Participate in ongoing skill, compliance, product, market, risk management and security training as required for the position and apply knowledge in performance of daily tasks.

Communicate effectively with other credit team members and individuals within other departments.

Perform all work in compliance with established regulations, policies, Standard Operating Procedures (SOPs) and instructions.

Other duties/special projects as assigned.

Qualifications & Skills

Bachelor's degree in business, finance or accounting or equivalent combination of education and relevant work experience.

Minimum of 2 years' experience as a credit analyst in equipment finance or equivalent commercial or retail banking experience preferred

Experience with analyzing, credit reports and industry investigative reports.

Knowledge of use of Microsoft Office Software required and Sales Force preferred.

Knowledge of equipment finance lending practices and industry standards.

Exceptional organization, time management and follow-up skills. Excellent interpersonal skills and ability to communicate effectively with customers, bank employees and outside industry partners.

Ability to follow detailed instructions and a wide range of procedures requiring superb analytical skills, detailed documentation and sound judgement in a fast-paced environment.

Ability to perform complex mathematical computations using various business machines and/or computers. Must have proficient typing and computer skills.

Candidates should be self-motivated, possess a desire to learn, and have aspirations for expanded responsibilities and growth within the company.

Familiarity with Word and Excel is requisite.

Core Competencies

Analytical Thinking

Stress Tolerance

Attention to Detail

Risk Assessment

Analytical Thinking

Time Management

Written Communication

Physical Requirements Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions in compliance with the Americans with Disabilities Act (ADA)

Physical Demand:

Percentage

of Time:

Communicate with advisors, customers, vendors and managers regarding banking transactions and issues. Able to exchange accurate information with others.

90-100%

Able to verify authenticity of financial instruments, forms, documents and signatures. Able to verify identity of customers, vendors and service providers.

Able to observe actions of others to ensure safety and security of the facility.

90-100%

Able to grasp, move and sort forms and papers.

90-100%

Constantly operate a computer and other office machinery such as calculator, copy machine, fax machine, scanner, printer and telephone.

90-100%

Able to remain stationary at a desk for long periods of time.

75-100%

Regularly move about the office to access file cabinets, storage drawers and various office equipment.

75-100%

Occasionally position self to reach heights between floor and 6'.

Regularly travel to other locations such as customer office, industry seminars, or other Horizon locations to meet with customer. Some overnight travel may be required.

Horizon Bank is a proud Equal Opportunity Employer | Disability | Veteran Employer.

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