Sr. Credit Underwriter - Huntington Distribution Finance (HDF) - Huntington National Bank
Schaumburg, IL
About the Job
Description
Summary:
The Sr. Credit Underwriter - Huntington Distribution Finance (HDF) is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. This role includes analyzing financial statements and completing ratio and trend analysis of statements to determine whether a customer is eligible for financing.
Duties and Responsibilities:
+ Underwrite high quality credit narratives in support of new and existing loans including review and analysis of various transactions.
+ Spread business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information.
+ Understand cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow.
+ Research industry trends and risks.
+ Perform collateral analysis including accounts receivable, inventory, real estate and investments.
+ Run credit reports and gather/analyze KYC information.
+ Spread personal financial statements and tax returns for individual guarantors; develop borrower and guarantor global cash flow analysis.
+ Work with other areas to monitor delinquency, delinquency trends and repossession activity.
+ Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank of this information. Prepare written recommendation as to whether the proposed loan should be approved as presented and provide alternate loan structure recommendations.
+ Present to loan committee for loan approvals and communicate decisions.
+ Perform other duties as assigned.
Basic Qualifications:
+ Bachelor’s degree in finance, accounting, business or related field
+ 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority.
Preferred Qualifications:
+ Masters Degree
+ Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength. Experience with deal sizes ranging from $2MM to $10MM preferred.
+ Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred
+ Strong written/verbal communication and presentation skills.
+ Demonstrated ability to make sound business judgments while protecting the interests of the bank.
+ Strong technical skills.
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Hybrid
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.
Summary:
The Sr. Credit Underwriter - Huntington Distribution Finance (HDF) is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. This role includes analyzing financial statements and completing ratio and trend analysis of statements to determine whether a customer is eligible for financing.
Duties and Responsibilities:
+ Underwrite high quality credit narratives in support of new and existing loans including review and analysis of various transactions.
+ Spread business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information.
+ Understand cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow.
+ Research industry trends and risks.
+ Perform collateral analysis including accounts receivable, inventory, real estate and investments.
+ Run credit reports and gather/analyze KYC information.
+ Spread personal financial statements and tax returns for individual guarantors; develop borrower and guarantor global cash flow analysis.
+ Work with other areas to monitor delinquency, delinquency trends and repossession activity.
+ Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank of this information. Prepare written recommendation as to whether the proposed loan should be approved as presented and provide alternate loan structure recommendations.
+ Present to loan committee for loan approvals and communicate decisions.
+ Perform other duties as assigned.
Basic Qualifications:
+ Bachelor’s degree in finance, accounting, business or related field
+ 3+ years wholesale/commercial credit underwriting experience and prior credit approval authority.
Preferred Qualifications:
+ Masters Degree
+ Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength. Experience with deal sizes ranging from $2MM to $10MM preferred.
+ Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred
+ Strong written/verbal communication and presentation skills.
+ Demonstrated ability to make sound business judgments while protecting the interests of the bank.
+ Strong technical skills.
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Hybrid
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.
Source : Huntington National Bank
