United Leasing, Inc., a division of United Companies, is hiring a Senior Credit Analyst for our Credit team at our Evansville, Indiana corporate headquarters location. This full-time salaried and exempt position is responsible for reviewing and analyzing financial data submitted by customers, brokers, vendors, and other referral sources to determine their creditworthiness. Prepares financial covenant language for lease/loan documentation and commitment letters. Prepares a risk rating on all applicants requiring a credit review to properly assess the credit strength of applicants. Underwrites and decisions consumer auto loan applications for the dealerships of Romain Auto Group.
Job Responsibilities Include:
Process Credit Requests: Perform credit reviews and narratives with recommendations within two – three business days after receiving all credit underwriting information.
Credit Review Analysis should include, but is not limited to: Preparing and summarizing a consolidated overview of financial analysis based on tax returns, reviewed financial statements, and other information. Verification of liquidity of personal guarantors along with breakdown of total net worth and contingent liabilities. Financial ratios, including Tangible Net Worth, Debt Service Coverage, Net Income, Debt to Equity, Depreciation, and others as may be requested or necessary. Pulling and analyzing PayNet and Credit Bureau reports to evaluate commercial installment repayment strength along with guarantor personal credit histories. Creating narratives providing relationship with the customer, repayment and financial covenants, if existing, along with industry analysis, if available.
Annual Credit Reviews: Perform a Credit Review on those significant exposure customers with whom we have an ongoing flow of business. Summarize and review with Director of Credit and/or President.
Financial Covenants: Gather financial statements. Calculate covenant-associated ratios. Process covenant violations.
Internal Risk Rating: Risk rate all transactions in excess of $150,000. Risk rate the portfolio, as assigned, so that 100% of our customers with exposure $150,000+ are rated at any time.
Policy and Procedures Review and Improvement: Participate in the annual review of all Policy and Procedures in the Credit Section of our intranet. Evaluate forms and policies for any recommended changes.
Consumer Auto Loan Applications: Underwrite consumer auto loan applications from the Romain Auto Group’s dealerships within 30 minutes of receiving an application. Structure loans for approved applications based on our approved rate sheets and loan parameters. Decision applications in our respective application systems.
Corporate Account Executive Training: Assist the Director of Business Development and the Sales team with the development and presentation of credit training sessions for the Corporate Account Executives (CAE’s), as needed.
- Ensure prompt and regular attendance.
- Travel as business needs may require.
- Perform other appropriate duties as may be assigned by management.
Education, Experience, & Skills:
Education: Bachelor’s degree in Accounting, Business, Economics, Finance, or a similar field is minimally required.
Experience: 10+ years of banking, financial analysis, leasing/lending experience OR audit and tax experience at a public accounting firm OR a combination of experience thereof.
Skills & Abilities: Working knowledge of economic indicators, financial markets, hedging concepts, interest rates, and lease/loan structures and contracts. Ability to interpret all types of business financial statements, including Reviewed and Audited Financial Statements and Notes to Financial Statements. Familiarity with individual, corporate, and partnership federal income tax returns. Demonstrates an analytical skill set, including performing financial calculations, quantifying, spreadsheets, data manipulation, data mining, and researching – accurately and within tight time frames. Ability to multitask amongst various projects and competing priorities. Strong working knowledge of computers, office equipment, and software, including Microsoft Office (especially Excel and Word) and databases. Excellent communications skills in verbal, written, and presentation forms. Ability to professionally interact and communicate effectively with customers and with senior management. Prior experience working with Sales personnel while in a Credit role is preferred. Internal and external customer responsiveness. Maintains confidentiality. Demonstrates a personal commitment to quality in all aspects of work.
This does not necessarily list all responsibilities, duties, requirements or efforts associated with the job. While this list is intended to be an accurate reflection of the job, the company reserves the right to review and modify as circumstances or business needs require.