Bachelors Degree in Business Administration, Accounting, Finance, Economics or equivalent experience in specialty finance or asset-based lending.
5+ years experience as a Credit Analyst, Workout Analyst, Portfolio Manager, Underwriter, Compliance Officer or Audit/Examiner or other related position.
Strong oral and written communication skills
Strong technical and analytical skills.
Strong written/verbal communication and interpersonal skills.
Thorough knowledge of financial statements, accounting principles, Credit Policy, applicable laws and industry data sources.
Ability to interact with all levels of management to communicate opportunities and risks, and able to identify and provide recommendations to improve unit performance.
Strong organizational and administrative skills. Ability to multi-task and prioritize deadlines.
Strong negotiation and presentation skills.
Knowledge of Microsoft Office, particularly Excel and Word.
Ability to work with large databases and datasets for extraction and conversion into useful business information.
Responsible for supporting the departments within First Niagara Commercial Finance (“FNCF”) in various roles including Marketing, Underwriting, and Accounting Operations.
Ensure financial statements and other month end reporting items are received and filed timely (2 business days after month-end)
Update Moody’s spreads (3 business days after month-end).
Verify Covenant calculation and alert Officer/Underwriter of any defaults.
Prepare and distribute the Master Tracker and other internal portfolio monitoring/tracking tools.
Review all field exams and inventory appraisals as requested.
Ensure that Officer/Underwriter addresses any advance rate changes per contract.
Ensure the Borrower submits the appropriate supporting documentation and the ineligibles are calculated correctly.
Review Stucky to make sure the BBC was properly input.
Monitor the BBC trends and report back to Officer on trends.
On an as-needed basis, work with Officer/Underwriter to perform Moody’s spreads on accounts for Credit Approval Memorandum (“CAM”).
Perform other underwriting analysis whenever possible including Deal Overview, Industry Analysis, Company Background, Field Exam, and Collateral Valuation sections.
Assist Officer/Underwriter to complete CAM for all assigned deals whenever possible.
Communicate any identified risks in the portfolio throughout the organization, to both the credit and underwriting teams as may be applicable.
Review the reports and analyses required by the collateral and loan monitoring system used by First Niagara Commercial Finance. Responsible for assisting as requested with the internal monitoring and management reports used by the unit, including the weekly sales and collateral trend analyses, annual reviews, covenant compliance, and periodic quarterly reviews.
Special projects from time to time to ensure best in class credit, risk and monitoring procedures. Contribute to the ongoing development of credit guidelines and operating standards for the Division.
First Niagara Financial Group
- 2 years ago - save job