Credit Underwriter- Inventory Finance

Credit Underwriter
- Inventory Finance

Description

Summary:

Credit Underwriter
- Inventory Finance 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 if a customer is eligible for financing.

• Underwrite high quality credit narratives in support of new and existing loans.
• Review and analyze applications, financial statements, balance sheets, D&B reports, and other transactions.
• Use Moody’s software to spread business financial statements and tax returns, analyzing multi-year trends and ratios.
• Understand cash flow from operations, 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, developing 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 receipt by the Bank of this information.
• Prepare written recommendations on loan approval and provide alternate loan structure recommendations.
• Present recommendations to loan committee for approvals and communicate decisions.
• Perform other duties as assigned.

• Basic Qualifications: Bachelor's degree in Finance, Accounting, Business or related field; 2+ years wholesale/commercial credit underwriting experience.
• Preferred Qualifications: Detail oriented with the ability to analyze cash flow, leverage, and gauge customer strength; experience in lending to a wide variety of industries, loan types, and sizes of companies; strong written and verbal communication and presentation skills; demonstrated ability to make sound business judgments while protecting the interests of the bank; strong technical skills.

Huntington is an Equal Opportunity Employer.