Junior Credit Analyst

Join LaundryLux

Laundrylux is the North American supplier of Electrolux Professional & Wascomat equipment for Laundromats, Coin Laundries & On-Premises Laundries. From financing to repairs, Laundrylux provides a comprehensive set of services to help with all elements of commercial laundry.

Junior Credit Analyst

The LaundryLux Jr. Credit Analyst is responsible for supporting the creditworthiness of potential borrowers and assessing the risks associated with lending activities. This typically involves analyzing financial statements, credit reports, and other relevant data to determine the likelihood of repayment. The Jr. Analyst aims to support decision-making processes in funding by providing detailed assessments that help financial institutions make informed choices about extending credit. Additionally, they provide superior service and support to our customers.

Before we continue to dive into the requirements for the role let's talk about Why you should join LaundryLux?

Career Advancement: We offer a career, not just a job. We invest in the personal and professional growth of every employee because we believe growth leads to both business impact and personal fulfillment.

Learning and Development: We foster a culture that encourages and promotes professional growth and development, with continuous learning

Diversity Initiatives: We are proud to have launched the Women's Initiative focused on building a better workplace for women, providing support, and recognizing the talented women within our company.

LaundryLux Benefits:  We offer a comprehensive benefits package including:

• Health benefits package including medical, dental & vision plans
• Life Insurance
• 401(k) with company matching
• Paid Time Off
• Paid Holidays
• Profit Sharing
• Employee Referral Program
• Mentorship Program
• Company Sponsored Training
• Tuition Reimbursement

Back to the role:

What you will do:

• Collect and analyze financial data to support lending decisions.
• Assist in reviewing, analyzing and interpreting financial information.
• Assist with completing loan applications.
• Collaborate with team members and communicate findings to senior credit analysts or management to assist in decision-making processes.
• Research and identify process improvement opportunities and make recommendations to management
• Reconcile customer statements/billings
• Ensure collateral is perfected according to the approved credit decisions.
• Review loan package for accuracy and completeness including but not limited to business entity documents prior to preparing loan documents.
• Assists in the preparation of loan modification, renewal and extension documents of loans
• Collects and analyzes financial data to support lending decisions, including reviewing payment histories and evaluating any risk factors.
• Prepare Ad hoc documents as needed
• Enter applications into proprietary software
• Request and review insurance certificates to ensure sufficient coverage of collateral

What you should have:

• Understanding of loan documentation principles and the perfection of security interests.
• Ability to effectively manage time to meet deadlines and prioritize tasks.
• Familiarity with leasing software for efficient management of leases.
• Experienced in using Microsoft Word and Excel for documentation and analysis.
• Highly analytical with strong critical thinking abilities to solve problems.
• Detail-oriented, ensuring accuracy and thoroughness in all tasks.
• Exceptional written and oral communication skills for effective interactions.
• Confident in making and handling phone calls in a professional manner.
• Brings energy and enthusiasm to the workplace and team environment.
• Must be able learn quickly and adapt to read loan documents

Education and Experience:

• Bachelors in finance or related field is required;
• 0 - 2 years experience in equipment financing
• 0 - 2 years of experience in credit analysis, financial analysis, or a related field is expected.

Our Values:

People, Share Responsibility, Integrity, Excellence, Customer Focused, Meaningfulness and Fun

If you are looking for your next challenge, then this is your chance to join our team of exceptionally talented, creative and innovative professionals. We want you

We are an equal opportunity employer and we are committed to providing reasonable accommodations to individuals with disabilities in all aspects of the employment process. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Our company participates in E-Verify.

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