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Sr. Credit Underwriter

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Description

Summary:

The Senior Credit Underwriter - Distribution Finance is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Their activities include 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 in support of new and existing loans. Review and analyze various transactions including review and analysis of applications, financial statements, balance sheets, D&B reports, etc.
Spread 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, 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 recommendations as to whether the proposed loan should be approved as presented and provide alternate loan structure recommendations.
Present to loan committee for loan approvals and communicate decisions.
Perform other duties as assigned.

Basic Qualifications:

Bachelor’s degree in Finance, Accounting, Business or related field
3+ years wholesale/commercial credit underwriting experience including prior credit approval authority.

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 $2MM to $10MM preferred
Experience in lending to a wide variety of industries, loan types, and sizes of companies preferred
Strong written, and verbal communication as well as presentation skills.
Demonstrated ability to make sound business judgments while protecting the interests of the bank.
Strong technical skills.

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Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Compensation Range:

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.  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).

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 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.

Average salary estimate

$100000 / YEARLY (est.)

min

max

$80000K

$120000K

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What You Should Know About Sr. Credit Underwriter, Huntington

Are you ready to take the next step in your career as a Senior Credit Underwriter? Join the team at Huntington in Schaumburg, IL, where you'll play a crucial role in analyzing and monitoring the creditworthiness of our customers in the Distribution Finance sector. In this position, you will dive deep into financial statements, running detailed ratio and trend analyses to evaluate loan eligibility. You’ll be crafting detailed credit narratives and will be responsible for underwriting new and existing loans. As you spread business financial statements and tax returns using Moody's software, your keen eye for detail will help you grasp cash flow dynamics and identify both recurring and non-recurring sources. Your responsibilities will also include monitoring industry trends and conducting collateral analysis, which will ensure you have a comprehensive view of the financial landscape. You will prepare written recommendations for proposed loans, present these to the loan committee, and illustrate your insights with sound business judgment to protect the interests of the bank. If you're someone who thrives on collaboration, you'll enjoy working alongside other departments to track delinquency trends and ensure the timely follow-up of borrower financial statements. With your bachelor's degree and a rich history in wholesale or commercial credit underwriting, you will have the opportunity to make significant decisions that impact our growth while enjoying a supportive office environment that blends in-person engagement with remote flexibility.

Frequently Asked Questions (FAQs) for Sr. Credit Underwriter Role at Huntington

What are the key responsibilities of a Senior Credit Underwriter at Huntington?

The Senior Credit Underwriter at Huntington is responsible for analyzing the creditworthiness of customers, preparing detailed credit narratives, and running extensive financial analyses on loan applications. You’ll be tasked with evaluating financial statements, conducting collateral analysis, and making recommendations for loan approvals. This role is pivotal in ensuring responsible lending while maintaining close monitoring of various financial indicators.