LaundryLux · 11 hours ago
Credit Analyst
West Nyack, NY
Full-time
Onsite
Entry Level
$50K/yr - $65K/yr
1+ years expLaundryLux is the North American supplier of Electrolux Professional & Wascomat equipment for laundromats and commercial laundry services. The Credit Analyst is responsible for assessing risks associated with lending activities by analyzing financial data and supporting decision-making processes related to credit extension.
Consumer GoodsLaundry and Dry-cleaningMarketingRetail
Responsibilities
Compile and generate comprehensive reports on finance and credit data
Review, analyze, and interpret financial information to support decision-making
Complete and submit loan applications, including detailed credit analyses and summaries of loan requests, to loan committees for approval
Enhance the quality of credit applications through thorough review and feedback
Research, identify, and recommend process improvement opportunities to management
Reconcile customer statements and billing discrepancies to ensure accuracy
Ensure that collateral is perfected in accordance with approved credit decisions
Review loan packages for accuracy and completeness, including business entity documents, prior to preparing loan documents
Prepare documentation for loan modifications, renewals, and extensions
Read and interpret loan documents to ensure understanding and compliance
Create and prepare ad hoc documents as required by specific projects or needs
Enter loan applications into proprietary software systems accurately
Request and review insurance certificates to verify that collateral coverage is adequate
Responsible for the origination of simple loans
Manage and oversee a smaller territory, ensuring the effective administration and servicing of funded loans within that region
Qualification
Required
Strong understanding of loan documentation principles and the perfection of security interests
Ability to effectively manage time to meet deadlines and prioritize tasks
Proficient in negotiating terms and conditions to achieve favorable outcomes
Familiarity with leasing software for efficient management of leases
Skilled in analyzing financial statements to assess financial health
Experienced in using Microsoft Word and Excel for documentation and analysis
Competent in reading and interpreting complex legal documents
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 to work on complex loans
Must be able to read loan documents
Bachelors in finance or related field is required
1 - 3 years of experience in credit analysis, financial analysis, or a related field is expected
Benefits
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
Company
LaundryLux
LaundryLux is the North American supplier of Electrolux Professional & Wascomat commercial laundry equipment for Laundromats and On-Premises Laundries such as hotels, hospitals, nursing homes, salons, firehouses, vets, and more.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
John Sabino
CEO
Company data provided by crunchbase