LaundryLux · 6 hours ago
Junior Credit Analyst
West Nyack, NY
Full-time
Onsite
Entry Level
$50K/yr - $65K/yr
1+ years expLaundrylux is seeking a Junior Credit Analyst to support the creditworthiness of potential borrowers and assess risks associated with lending activities. The role involves analyzing financial statements and credit reports to assist in decision-making processes for funding, while providing superior service to customers.
Consumer GoodsLaundry and Dry-cleaningMarketingRetail
No H1B
Responsibilities
Collect and analyze financial data to support lending decisions
Assist in reviewing, analyzing and interpreting financial information
Assist with completing loan applications
Collaborate with team members and communicate findings to senior credit analysts or management to assist in decision-making processes
Research and identify process improvement opportunities and make recommendations to management
Reconcile customer statements/billings
Ensure collateral is perfected according to the approved credit decisions
Review loan package for accuracy and completeness including but not limited to business entity documents prior to preparing loan documents
Assists in the preparation of loan modification, renewal and extension documents of loans
Collects and analyzes financial data to support lending decisions, including reviewing payment histories and evaluating any risk factors
Prepare Ad hoc documents as needed
Enter applications into proprietary software
Request and review insurance certificates to ensure sufficient coverage of collateral
Qualification
Required
Understanding of loan documentation principles and the perfection of security interests
Ability to effectively manage time to meet deadlines and prioritize tasks
Familiarity with leasing software for efficient management of leases
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
Must be able learn quickly and adapt 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
Preferred
Bachelor's (Preferred)
Asset management: 1 year (Preferred)
equipment leasing: 1 year (Preferred)
Benefits
401(k)
Dental insurance
Health insurance
Vision insurance
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
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