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Huntington Bank
Schaumburg-1475 Woodfield
Source: Huntington Bank careers · View original posting
From Huntington Bank's posting. “We” and “our” refer to the employer.
Description
The Credit Underwriter Sr. - Inventory Finance (IF) is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible for financing.
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.
Bachelor’s degree in Finance, Accounting, Business or related field
3+ years wholesale/commercial credit underwriting experience and prior credit approval authority.
Compensation
$63,000.00 - $124,000.00 Annual Salary
The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.
In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
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 any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
Huntington is an Equal Opportunity Employer.
LAYIQ is an independent job-discovery service. This listing does not imply a partnership with or endorsement by the employer. Review the original posting for current details and availability.
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