Mid Ticket Sr. Credit Analyst

NewLane Finance is a commercial equipment finance company, serving small and mid-size businesses nationwide. Our mantra is "business lending done right", and our strategy is to revolutionize small business lending by employing the latest technology and a motivated workforce to deliver fair and transparent financing solutions to businesses with unmatched levels of speed, convenience and customer service. Our products and services are offered to the business community primarily through financing programs with equipment manufacturers, distributors, and dealers. NewLane Finance is powered by a $24B financial organization.NewLane Finance is seeking an experienced Senior Credit Underwriter to lead a middle ticket credit team. The qualified candidate will be responsible for the day to day underwriting of all middle ticket transactions with sizes ranging from $100,000 to $1,000,000. The role requires strong commercial credit underwriting skills, financial statement analysis, communication skills, and the ability to structure transactions.Our Values:IntegrityPassionTeamworkCommitment to ExcellenceEssential Duties and Responsibilities:Directly underwrite middle ticket transactions ($100,000 to $1,000,000) in accordance with NewLane's Credit Policies and Procedures.Provide concise analysis of equipment finance requests by reviewing business financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, personal financial statements, and collateral appraisal reports (when available).Perform financial spread and analysis of business financial statements and tax returns to determine the applicant's overall financial condition and their capacity to repay.Based on the assessment of an applicant's commercial and financial profile, ability to draw your own conclusion and provide an individual credit recommendation.When needed, prepare and present recommendations to members of Senior Management or Credit Committee, including a summary of the transaction, risk and mitigating factors.Review and interpret third party commercial reports (i.e., D&B, Paynet, etc.), consumer reports, and related information.Work closely with Risk Analytics and Senior Credit Management to manage channel approval and conversion rates, monitor portfolio performance and external risk trends with the goal of delivering on channel loss proxy and delinquency targets.Work with Sales counterparts to promote winwin Credit and Sales culture.When needed, facilitate and conduct calls directly with customers (i.e., equipment dealers, end users andor broker partners) to obtain additional information.Perform fraud checks and due diligence while underwriting and assessing new equipment finance requests.Must understand, abide and uphold NewLane's audit procedures and internal controls related to essential duties and responsibilities.General:Ability to work independently as well as collaboratively within a cross functional team.Proven ability to perform in a dynamic, high volume, transaction processing environment.Strong organizational skills and attention to detail.Excellent verbal and written communication skills.Provide exceptional customer service.Candidate should be self-motivated and possess a desire to ply with audit and documentation policy and procedure requirements.Must understand, abide and uphold audit procedures and internal controls related to essential duties and responsibilities.Qualifications:Bachelor's degree in finance, Economics, Accounting or related business fields required.5+ years of related credit experience required, preferably within the small business financing or leasing industry.A strong understanding of business tax returns, financial statements, and business concepts.Excellent Microsoft Office Suite including Excel and computer literacy skills required.Good working knowledge of other functional departments (i.e., Sales, Funding, Servicing, Collections, etc.) and their interactions with the Credit department.Strong interpersonal skills and ability to leverage relationship building skills.Customer service focus and a professional approach to servicing B2B relationshipsThe successful candidate will receive competitive compensation, excellent benefits including Health, Dental, Vision, 401k) with match, flexible spending, Life Insurance, Short Term and Long-Term Disability Insurance, generous PTO, and much more...NewLane Finance is shaping the future of business finance, and we're looking for talented, committed individuals to join our company as we continue to grow our team. We work hard to find the best people, invest in their professional development and encourage "thinking outside the box". Ultimately, it is our people which will create our success...by helping our customers grow and succeed.NewLane Finance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, protected veteran or disabled status, or genetic information.NewLane Finance will not be able to provide Relocation or Sponsorship

Created: 2024-11-06