Credit Risk Analyst
Prosperity StaffingMount Laurel, New Jersey
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Overview
Schedule
Full-time
Career level
Senior-level
Remote
On-site
Benefits
Career Development
Job Description
Responsibilities:
- Reviews and analyzes credit scoring metrics and risk ratings and quickly identifies material credit strengths and weaknesses to provide timely credit decisions.
- Collaborates as needed with IT department to maintain automated credit scoring model and facilitate upgrades to commercial and/or consumer credit scoring functionality.
- Supports credit decisions with scoring model and supplementary data from commercial and personal credit reporting agencies and various web resources including, but not limited to, D&B, Experian, Moodys, S&P, Fitch, A.M. Best, NAIC, and SEC and FDIC filings.
- Accurately spreads and analyzes financial statements and incorporates relevant financial metrics into credit reviews
- Reviews and decisions transactions within assigned authority, including recommendations from junior Analysts, and makes recommendations on transactions in excess of assigned authority.
- Monitors credit lines and completes credit line renewals in a timely fashion.
- Structures and appropriately documents credit approvals consistent with risk management guidelines.
- Reviews and approves changes to contract terms and conditions within assigned authority.
- Advises sales team on pended applications and facilitates the process of obtaining credit and financial information to decision pended transactions.
- Regularly updates system comments to keep all parties informed of the status of all credit applications.
- Ensures that dealer and customer concerns are resolved in a timely and appropriate manner without undermining risk management standards.
- Develops and maintains effective working relationships with inside and outside sales teams and end user customers.
- Negotiates complex credits to obtain favorable lease structures that win business without compromising credit standards.
- Seeks guidance as appropriate from supervisors and managers.
- Provides coverage support for assigned regions and other regions as required.
- Serves as mentor to less experienced or junior members of the credit team.
Qualifications:
- Bachelor's degree in a relevant field or equivalent experience required,
- 3 to 5 years of related experience.
- Background in Equipment Leasing & Financing
- Hands-on experience with Risk Analysis software & tools (D&B, etc)
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FAQs About Credit Risk Analyst Jobs at Prosperity Staffing
What is the work location for this position at Prosperity Staffing?
This job at Prosperity Staffing is located in Mount Laurel, New Jersey, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Prosperity Staffing?
Employer has not shared pay details for this role.
What employment applies to this position at Prosperity Staffing?
Prosperity Staffing lists this role as a Full-time position.
What experience level is required for this role at Prosperity Staffing?
Prosperity Staffing is looking for a candidate with "Senior-level" experience level.
What benefits are offered by Prosperity Staffing for this role?
Prosperity Staffing offers Career Development for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Prosperity Staffing?
You can apply for this role at Prosperity Staffing either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.