Credit Underwriter Sr - Inventory Finance
Huntington National Bank, Detroit, MI, United States
Description
The Credit Underwriter Sr. – Inventory 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.
Summary
The role involves evaluating potential and existing loans, reviewing applications, financial statements, balance sheets, D&B reports, and more. It requires spreading business financial statements and tax returns using Moody’s software to analyze multi-year trends and ratios, understanding cash flow, researching industry trends, performing collateral analysis, and preparing written recommendations for loan approval.
Duties and Responsibilities
Underwrite high‑quality credit narratives in support of new and existing loans.
Review and analyze applications, financial statements, balance sheets, D&B reports, and other documentation.
Spread business financial statements and tax returns using Moody’s software to analyze multi‑year trends and ratios.
Understand cash flow from operations, 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, developing 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 the receipt by the bank of this information.
Prepare written recommendation regarding the approval of each proposed loan and provide alternate loan structure recommendations.
Present to the loan committee for loan approvals and communicate decisions.
Perform other duties as assigned.
Basic Qualifications
Bachelor’s degree in Finance, Accounting, Business, or a related field.
3+ years of wholesale/commercial credit underwriting experience.
Preferred Qualifications
Master’s degree.
Detail oriented with the ability to analyze cash flow, leverage, and gauge customer strength. Experience with deal sizes ranging from 2 MM to 10 MM is preferred.
Experience in lending to a wide variety of industries, loan types, and company sizes is 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.
Exempt Status
Yes (not eligible for overtime pay)
Workplace Type
Office. Certain positions outside the branch network may be eligible for flexible work arrangements, combining in‑office and remote work.
Compensation Range
$63,000 – $124,000 Annual Salary.
Benefits
Includes health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays, and paid time off (PTO).
Legal Statements
Applicants must be currently authorized to work in the United States on a full‑time basis. Huntington will not sponsor applicants for immigration benefits.
Huntington is an Equal Opportunity Employer.
Tobacco‑Free Hiring Practice: Visit Huntington's Career Web Site for more details.
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The Credit Underwriter Sr. – Inventory 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.
Summary
The role involves evaluating potential and existing loans, reviewing applications, financial statements, balance sheets, D&B reports, and more. It requires spreading business financial statements and tax returns using Moody’s software to analyze multi-year trends and ratios, understanding cash flow, researching industry trends, performing collateral analysis, and preparing written recommendations for loan approval.
Duties and Responsibilities
Underwrite high‑quality credit narratives in support of new and existing loans.
Review and analyze applications, financial statements, balance sheets, D&B reports, and other documentation.
Spread business financial statements and tax returns using Moody’s software to analyze multi‑year trends and ratios.
Understand cash flow from operations, 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, developing 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 the receipt by the bank of this information.
Prepare written recommendation regarding the approval of each proposed loan and provide alternate loan structure recommendations.
Present to the loan committee for loan approvals and communicate decisions.
Perform other duties as assigned.
Basic Qualifications
Bachelor’s degree in Finance, Accounting, Business, or a related field.
3+ years of wholesale/commercial credit underwriting experience.
Preferred Qualifications
Master’s degree.
Detail oriented with the ability to analyze cash flow, leverage, and gauge customer strength. Experience with deal sizes ranging from 2 MM to 10 MM is preferred.
Experience in lending to a wide variety of industries, loan types, and company sizes is 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.
Exempt Status
Yes (not eligible for overtime pay)
Workplace Type
Office. Certain positions outside the branch network may be eligible for flexible work arrangements, combining in‑office and remote work.
Compensation Range
$63,000 – $124,000 Annual Salary.
Benefits
Includes health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays, and paid time off (PTO).
Legal Statements
Applicants must be currently authorized to work in the United States on a full‑time basis. Huntington will not sponsor applicants for immigration benefits.
Huntington is an Equal Opportunity Employer.
Tobacco‑Free Hiring Practice: Visit Huntington's Career Web Site for more details.
#J-18808-Ljbffr