Credit analyst job description

Preferred Location:
Wilmington - DE, Baltimore - MD, New York - NY, Charlotte, NC


The Role


We are looking for a Lead Credit Strategy Analyst for our Credit Analytics. This is an exciting opportunity to learn and drive significant business results through optimizing our credit risk underwriting and pricing strategies. These strategies include, but not limited to, approval/decline, loan amount assignment, term, pricing, and risk appetite framework optimization to drive healthy revenue growth, loss mitigation, and streamlining of processes in support of better profitability and healthy lending portfolio.

We are looking for new team members who are excited about creating, designing, and implementing new and better solutions to our business challenges with limited supervision. This role will have chance to pull the data, conduct deep analysis and investigation, apply critical thinking skills, draw insights from their work and leverage general business acumen to understand the customer behavior and develop profitable business strategies in a timely and accurate manner. The successful candidate will be able to summarizes their work and communicates effectively to management.
Working with various partners, the role will also have responsibilities of reporting, strategy implementation, strategy validation and ad-hoc analyses including customer segmentation, competitive analysis, sensitivity analysis and modeling, and performance read.

A successful candidate will expand their competencies and grow their business and industry acumen, as well as demonstrate the ability to work on complex processes or projects across the end-to-end project cycle. They will gain knowledge to suggest new answers to old questions, develop insights and push the traditional boundaries of the lending industry.


Key Responsibilities
Under your manager's limited guidance, you will design, recommend, document, and execute consumer credit underwriting and pricing strategies via extracting and analyzing requisite historical customer performance data from multiple disparate systems. Utilize data query tools (i.e., R, SAS, SQL, MATLAB, Python) and decision tree analytical software to develop, test and execute new strategies. Leverage traditional regression model and machine learning algorithm to understand the key drivers and estimate customer behaviors by different strategy treatment Drive profitable business growth via developing strategy optimization framework with full credit-cycle view Implement Quality Control processes to ensure data accuracy. Continually enhance existing processes and reporting through automation, quality control, presentation, and insights. Effectively summarize and present results and insights to management.
Qualifications
Bachelor's degree (Graduate Preferred) in a quantitative discipline, such as Engineering, Statistics, Economics, Business Management or Computer Science is preferred. Four years of experience in complex, data-driven problem solving. Master's or PHD degrees may offset experience.
Benefits

Because we want our team members to bring us their very best every day, we believe they deserve the right opportunities and benefits. That's why we packed our comprehensive benefits package for full- and some part-timers with:

• Health and wellbeing options for team members and their dependents
• Up to 4% matching 401(k)
• Tuition reimbursement
• Continuing education
• Bonus eligibility
• Paid time off
• Paid volunteer time

Reporting to the Senior Manager, Credit & Risk, the Credit Analyst supports daily credit control functions. This role is responsible for processing new credit requests, modifications, account reviews and reporting tasks, utilizing the company's internal credit policies and compliance requirements.

The Credit Analyst is responsible for all aspects associated with the underwriting of lease and loan transactions and assisting in identifying and analyzing credit risk for the business. The position is responsible for spreading business and personal financial statements and business and individual tax returns.

The Credit Department is responsible for obtaining and reviewing all customer credit applications, business and personal credit bureau reports, and other relevant industry or borrower data. The Credit Analyst reviews and underwrites the lease and loan credit, monitors the portfolio periodically and prepares various applications.
Responsibilities
The Credit department is responsible for obtaining and reviewing all customer credit applications, business and personal credit bureau reports, and other relevant industry or borrower data. The Credit Analyst reviews and underwrites loan and lease credit, monitors the portfolio periodically and prepares write-ups and recommendations. Reports to the Credit & Risk Manager.
- Spreads financial statements for new transactions and renews existing credit approvals upon expiration.
- Complete all aspects of credit underwriting including a financial ratio analysis of a company's balance sheet, income statement, cash flow statement including debt service coverage, leverage and deal structure given the equipment/software and primary industry in which the obligor operates.
- Identify risks and mitigants associated with transactions.
- Provides succinct ratio analysis, verbally and written, based on the customer's specific industry and application of the collateral.
- Presents transactions to approval authority or credit committee when necessary.
- Assists in pre-screening transactions by providing preliminary analysis of simple to complex credits including calculation of cash flow, debt service coverage, collateral coverage and guarantor net worth.
- Complete quality assurance reviews to ensure application packages and analysis are thorough and accurate prior to completing underwriting. Provide a list of questions to marketing or engage in direct conversations with customers to obtain missing and/or key details necessary for underwriting.
- Conduct and prepare annual reviews of various customers and transactions as needed.
- Assist in the credit scoring and underwriting small ticket transactions as needed.
- Assist the department manager in the preparation of various new or on-going portfolio analysis and other credit related reports as needed.
Qualifications
Strong knowledge of GAAP accounting, financial regulations, financial products, and commercial credit analysis.
- Skills to analyze transactions with financial statements, tax returns and external ratings reports with respect to GAAP and SMFL policies.
- Excellent organizational skills, attention to detail and ability to complete assignments in a timely manner.
- Strong communication skills.
- Ability to work independently and within a team environment.
- Proficient with Microsoft Office Suite and possess generally strong computer skills for data processing, excel worksheet computations, and research presentations
- Strong business professionalism and work ethic
- Thorough understanding of leasing and the commercial lending industry.

-BA/BS preferred; Ideally knowlede of equipment finance industry.
- Minimum experience of 5 to 10 years of underwriting experience within the financial services industry, lending/leasing to business customers.
- Underwriting experience includes analyzing medium to large ticket transactions across various industries, including transportation, construction, machine tool, medical and technology assets such as computer hardware and software.
- Basic knowledge of software including MS Word, Excel, Power Point and Access.

We are eager to attract the best, so we offer competitive compensation and a generous benefits package, including full health insurance (medical, dental and vision), 401(k), life insurance, disability and the opportunity to participate in a company incentive plan.

What you'll do on a typical day:

• Complete in-depth credit investigation including credit bureau data, payment history and analysis of financial statements
• Collaborate and foster effective communication with customer and sales partners
• Conduct research to support/decline future business with customers
• Develop and track action plan to meet monthly individual and team goals

What you need to succeed at XPO:

At a minimum, you'll need:

• Bachelor's degree or related work or military experience
• 1 year of credit department experience supporting business to business portfolio of customers

It'd be great if you also have:

• Bachelor's degree in Business, Accounting, or Finance or successful employment history working in a high-volume customer global shared service/finance role
• Credit automation software experience desired (HighRadius, Get Paid, etc)
• Quickly learns and achieves proficiency in new software applications as needed
• Oracle or SAP experience
• Fluency in Windows applications and Microsoft Office programs such as Word, Excel (Pivot, Vlookup) and PowerPoint

Be part of something big.

#LI-Hybrid

We are proud to be an Equal Opportunity/Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, sex, disability, veteran or other protected status.

All applicants who receive a conditional offer of employment may be required to take and pass a pre-employment drug test.

The above statements are not an exhaustive list of all required responsibilities, duties and skills for this job classification.

Review XPO's candidate privacy statement here.

PandoLogic. Keywords: Credit Analyst, Location: Charlotte, NC - 28277