Senior Risk Analyst

Senior Risk Analyst

Canon Financial Services in Burlington, NJ is currently seeking a Senior Risk Analyst. The Senior Risk Analyst is responsible for making sound credit decisions within required turnaround times, investigating and decisioning credit requests using all available credit resources. Required competencies include strong analytical, communication, negotiation, and creative thinking skills, with a thorough understanding of automated credit scoring and risk rating analytics.

Team player regularly collaborating with other Risk Analysts and inside and outside sales representatives. Regularly communicates with originations, documentation, and collections/portfolio management departments to resolve risk management issues within appropriate guidelines. Supports automated credit scoring model maintenance and upgrades, as needed, by facilitating credit scoring enhancements in collaboration with the IT department. This position is full time and offers a hybrid work schedule requiring you to be in the office Wednesday and Thursday and an option to work from home the remainder of the week (unless a specific business need arises requiring in office attendance on other days).

Note that work schedules and office reporting requirements may change from time to time based on business needs.

- Reviews and analyzes credit scoring metrics and risk ratings and quickly identifies material credit strengths and weaknesses to provide timely credit decisions
- Supports credit decisions with scoring model and supplementary data from commercial and personal credit reporting agencies and various web resources including, but not limited to, D&B, Experian, Moody's, S&P, Fitch, A.M. Best, NAIC, AHD and SEC and FDIC filings
- Accurately spreads and analyzes financial statements and incorporates relevant financial metrics into credit reviews
- Reviews and decisions transactions within assigned authority, including recommendations from junior Analysts, and makes recommendations on transactions in excess of assigned authority
- Monitors credit lines and completes credit line renewals in a timely fashion
- Structures and appropriately documents credit approvals consistent with risk management guidelines
- Reviews and approves changes to contract terms and conditions within assigned authority
- Advises sales team on pended applications and facilitates the process of obtaining credit and financial information to decision pended transactions
- Regularly updates system comments to keep all parties informed of the status of all credit applications
- Ensures that dealer and customer concerns are resolved in a timely and appropriate manner without undermining risk management standards
- Develops and maintains effective working relationships with inside and outside sales teams and end user customers
- Negotiates complex credits to obtain favorable lease structures that win business without compromising credit standards
- Serves as mentor to less experienced or junior members of the credit team
- Completes assigned training on or before the due date with required level of proficiency
- Other responsibilities as assigned Contributes to attaining team and individual goals, as defined or modified, including:

- Individual and Team Application Turnaround Goals
- Team Approval Ratios
- Delinquency and charge off goals
- Proactively following up on pended applications to facilitate timely credit decisions
- Resolving appeals in a timely manner
- Facilitating credit scoring maintenance and updates, as needed, in collaboration with IT department

- Bachelor's Degree or equivalent, preferably in finance or a related subject
- At least 5 years of related work experience
- Bank credit training or other formal credit training a plus
- Strong working knowledge of automated credit scoring and financial modeling, including business and consumer scoring model development, adjustments, and maintenance
- Ability to effectively negotiate and close structured approvals for challenging credits
- Clear understanding of equipment lease operations
- Ability to communicate effectively to resolve issues in a professional and congenial manner
- Working knowledge of lease…