Huntington Commercial Bank
Credit Underwriter - Distribution Finance
Huntington Commercial Bank, Detroit, Michigan, United States, 48228
Credit Underwriter - Distribution Finance
The Credit Underwriter Sr. - Distribution Finance is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. This includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible for financing.
Duties and Responsibilities
Underwrite high‑quality credit narratives to support new and existing loans, reviewing and analyzing applications, financial statements, balance sheets, and D&B reports.
Perform series analysis of business financial statements and tax returns using Moody’s software to assess multi‑year trends and ratios.
Analyze cash flow from operations, identifying recurring and non‑recurring sources of cash flow.
Research industry trends and risks.
Conduct collateral analysis, including accounts receivable, inventory, real estate, and investments.
Run credit reports and gather/analyze KYC information.
Analyze personal financial statements and tax returns for individual guarantors, developing global cash flow analysis.
Collaborate with other areas to monitor delinquency trends and repossession activity.
Conduct annual financial statement follow‑up with borrowers and track receipt by the bank.
Prepare written recommendations on loan approval status and alternate loan structure options.
Present findings to the loan committee, communicate decisions, and perform additional duties as assigned.
Basic Qualifications
Bachelor’s degree in Finance, Accounting, Business, or related field.
3+ years of wholesale/commercial credit underwriting experience with prior credit approval authority.
Preferred Qualifications
Master’s degree.
Detail‑oriented, able to analyze cash flow, leverage, and customer strength; experience with deal sizes ranging from 2 MM to 10 MM preferred.
Experience lending to a wide variety of industries, loan types, and company sizes preferred.
Strong written and verbal communication and presentation skills.
Demonstrated ability to make sound business judgments while protecting the interest of the bank.
Strong technical skills.
Exempt Status Yes (not eligible for overtime pay)
Workplace Type Office – Certain positions may be eligible for a flexible work arrangement combining in‑office and work‑from‑home.
Compensation Range $63,000 – $124,000 annual salary. Actual compensation may vary based on location, experience, and performance. Eligible for incentive compensation and comprehensive benefits.
Huntington is an Equal Opportunity Employer.
Tobacco‑Free Hiring Practice: Visit Huntington’s Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to Huntington colleagues will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
Job Details
Seniority Level: Mid‑Senior
Employment Type: Full‑time
Job Function: Finance and Sales
Industries: Banking, Financial Services, Investment Banking
Referrals increase your chances of interviewing at Huntington Commercial Bank by 2x.
Get notified about new Credit Underwriter jobs in Detroit, MI.
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Duties and Responsibilities
Underwrite high‑quality credit narratives to support new and existing loans, reviewing and analyzing applications, financial statements, balance sheets, and D&B reports.
Perform series analysis of business financial statements and tax returns using Moody’s software to assess multi‑year trends and ratios.
Analyze cash flow from operations, identifying recurring and non‑recurring sources of cash flow.
Research industry trends and risks.
Conduct collateral analysis, including accounts receivable, inventory, real estate, and investments.
Run credit reports and gather/analyze KYC information.
Analyze personal financial statements and tax returns for individual guarantors, developing global cash flow analysis.
Collaborate with other areas to monitor delinquency trends and repossession activity.
Conduct annual financial statement follow‑up with borrowers and track receipt by the bank.
Prepare written recommendations on loan approval status and alternate loan structure options.
Present findings to the loan committee, communicate decisions, and perform additional duties as assigned.
Basic Qualifications
Bachelor’s degree in Finance, Accounting, Business, or related field.
3+ years of wholesale/commercial credit underwriting experience with prior credit approval authority.
Preferred Qualifications
Master’s degree.
Detail‑oriented, able to analyze cash flow, leverage, and customer strength; experience with deal sizes ranging from 2 MM to 10 MM preferred.
Experience lending to a wide variety of industries, loan types, and company sizes preferred.
Strong written and verbal communication and presentation skills.
Demonstrated ability to make sound business judgments while protecting the interest of the bank.
Strong technical skills.
Exempt Status Yes (not eligible for overtime pay)
Workplace Type Office – Certain positions may be eligible for a flexible work arrangement combining in‑office and work‑from‑home.
Compensation Range $63,000 – $124,000 annual salary. Actual compensation may vary based on location, experience, and performance. Eligible for incentive compensation and comprehensive benefits.
Huntington is an Equal Opportunity Employer.
Tobacco‑Free Hiring Practice: Visit Huntington’s Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to Huntington colleagues will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
Job Details
Seniority Level: Mid‑Senior
Employment Type: Full‑time
Job Function: Finance and Sales
Industries: Banking, Financial Services, Investment Banking
Referrals increase your chances of interviewing at Huntington Commercial Bank by 2x.
Get notified about new Credit Underwriter jobs in Detroit, MI.
#J-18808-Ljbffr