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Huntington Commercial Bank · 1 day ago

Credit Underwriter - Distribution Finance

Bloomfield Hills, MI

Full-time

Hybrid

Mid, Senior Level

$63K/yr - $124K/yr

3+ years exp

Huntington Commercial Bank is seeking a Credit Underwriter Sr. - Distribution Finance responsible for analyzing and monitoring the credit worthiness of assigned customers/accounts. The role includes underwriting credit narratives, analyzing financial statements, and making recommendations for loan approvals.

Financial Services

No H1B

U.S. Citizen Only

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

Performs other duties as assigned

Qualification

Credit underwritingFinancial analysisCash flow analysisMoody's softwareIndustry researchSound business judgmentTechnical skillsCommunication skillsDetail orientedPresentation skills

Required

Bachelor's degree in Finance, Accounting, Business or related field

3+ years wholesale/commercial credit underwriting experience and prior credit approval authority

Preferred

Masters Degree

Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength. Experience with deal sizes ranging from 2MM to 10MM being preferred

Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred

Strong written/verbal communication and presentation skills

Demonstrated ability to make sound business judgments while protecting the interests of the bank

Strong technical skills