Credit & Counterparty Risk Analyst

WebBank

WebBank (the "Bank") is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As "The Bank Behind the Brand", WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS), and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities, including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing, and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary, National Partners.

Job Summary

As a Credit & Counterparty Risk Analyst, you will work closely with the Bank's Executive Management, Strategic Partners, Credit Risk, Due Diligence and Implementation, Lender Finance, and Partner Finance teams, reporting to the Credit & Counterparty Risk Manager. The position will be primarily responsible for the financial analysis and risk assessment of the Bank's Strategic Partners (SPs) and Lender Finance Credit Administration.

Primary Responsibilities

You Will:

• Partner with senior executives at our SPs to develop a comprehensive view of business performance and financial reporting, with emphasis on cash flow, funding strategy, and capital markets activity, and translate these insights into forward-looking risk assessments used across multiple levels of the Bank
• Conduct initial and ongoing due diligence for prospective SPs, including negotiating and testing financial covenants
• Support Lender Finance and Partner Finance with Credit Admin review of underwriting and assist with loan documentation
• Assist in the review and coordination of legal documentation with internal and external counsel
• Actively monitor covenants, borrowing base reports, and approve draw requests for ABLs
• Assist in conducting independent loan reviews for ABLs and other commercial credits, including recommendations for risk ratings
• assessing the overall financial condition of the SPs assigned to you, based on an evaluation of the company's financial statements, credit facility documentation, and interactions with company senior management
• Work collaboratively to ensure compliance with the Bank's internal credit policies
• Assist in the Bank's capital stress test and capital analysis

Company Perks:

You Get:

• Paid Time Off (PTO)– Generous paid time off plus paid parental leave
• Health insurance – Plans include an employer-paid medical option, dental and vision coverage, plus we offer health savings accounts
• 401(k)– WebBank matches up to the first 6 percent of employee contributions and both the employee's contributions and WebBank's match are fully vested immediately
• Life and Disability Insurance– Life insurance and long and short-term disability insurance plans are 100% employer-paid
• Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year

Requirements:

Qualifications

You Have:

• Minimum of a bachelor's degree in Finance, Accounting, or related field, or equivalent work experience
• Experience in credit analysis, financial analysis, underwriting, or a closely related role, preferably with exposure to asset-based lending
• Satisfactory understanding of accounting practices
• Experience with loan portfolio management and risk monitoring
• Must have an interest in banking, fintech, structured finance, and capital markets
• Proficiency in Microsoft Excel
• Must have excellent verbal communication and be able to present to Bank and partner executives on technical, financial-related topics, and assist in negotiating financial covenants
• Strong written communication skills that can clearly summarize complex financial topics

Even Better:

• Master's degree in Finance related major or a major with a strong quantitative emphasis
• 1+ year professional experience as a portfolio manager assessing the financial condition of a variety of companies
• 1+ year experience evaluating the quality of borrowing base reports, testing financial and portfolio covenant compliance, and approving draw requests
• Prior experience in structured finance
• CFA, CRC, CAIA, FRM designation or candidacy

Compensation: TBD