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Huntington National Bank · 1 day ago

Credit Underwriter - Inventory Finance

Schaumburg, IL

Full-time

Hybrid

Entry, Mid Level

$52K/yr - $101K/yr

2+ years exp

Huntington National Bank is a financial institution seeking a Credit Underwriter for Inventory Finance. The role involves analyzing and monitoring the creditworthiness of customers, recommending or approving credit, and conducting thorough financial analyses to determine eligibility for financing.

Asset ManagementFinanceFinancial Services

No H1B

Responsibilities

Underwrite high quality credit narratives in support of new and existing loans. Review and analyze various transactions. Includes review and analysis of applications, financial statements, balance sheets, D&B reports, etc

Spreading business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information

Understand cash flow from operations, which includes 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, develop 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 and monitor the receipt by the Bank of this information

Prepare written recommendation as to whether the proposed loan should be approved as presented, and provide alternate loan structure recommendations

Present to loan committee for loan approvals. Communicate decisions

Perform other duties as assigned

Qualification

Credit underwritingFinancial analysisCash flow analysisMoody's softwareIndustry researchBusiness judgmentTechnical skillsDetail orientedCommunication skillsPresentation skills