Equipment Finance Group Senior Credit Officer

First Commonwealth BankBerwyn, PA

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

Option for remote

Job Description

Candidate must reside in PA or OH to be considered.

As a Senior Credit Officer with the Equipment Finance Group, you provide Credit Support Services for equipment finance business lines and assists in the on-going management of credit risk. You perform credit analysis on small to middle ticket credit applications, analyze financial statements and credit reports. Prepares formal credit memos and presents recommendations to the Credit Manager or Loan Committee for middle ticket transactions.

Essential Job Responsibilities__

Performs credit analysis on small to middle ticket credit applications to $5,000,000.
Performs financial statement analysis, cash flow analysis and projection analysis.
Analyzes consumer credit reports and commercial credit reports as part of the credit decision process.
Communicates timely credit decisions in an accurate, clear and concise manner
Gathers data relevant to the credit request regarding the business, the guarantor, total exposure and the collateral. Provides direct communication to internal and external customers on credit and documentation matters.
Identifies credit applicants with minor weaknesses and apply appropriate structuring techniques e.g. rate enhancements, down payments, additional collateral, and term reduction. Presents applicant's strengths and weakness to internal and external customers.
Prepares formal credit memos and presents recommendations to the Credit Manager or Loan Committee for middle ticket transactions.
Requests the appropriate documentation as it relates to the size of the transaction and structure of the legal entity.
Provides due diligence on portfolio acquisitions.
Reviews and approves Source (Dealer/Broker/OEM) programs.
Performs annual reviews for Obligors and Sources.
Communicates EF credit underwriting strategies and business practices.
Interacts with Team Members, Customers, Sources, Legal Advisors, Corporate Executives and Sale Representatives regarding specific opportunities and programs.
Full knowledge and understanding of policies set forth by EF and the ability to abide by them.

Bona Fide Occupational Qualifications___

Bachelor's degree in business or educational training specific to credit underwriting is preferred.
A minimum of seven (7) years of experience with financial statement analysis expertise to evaluate finance transactions to $5,000,000.
Strong reading, writing, and grammar skills; superior analytical and mathematical skills; proficient communicative and interpersonal relations skills required.
Microsoft Windows and Microsoft Office knowledge required.
May be eligible for Telecommuting.

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FAQs About Equipment Finance Group Senior Credit Officer Jobs at First Commonwealth Bank

What is the work location for this position at First Commonwealth Bank?

This job at First Commonwealth Bank is located in Berwyn, PA, 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 First Commonwealth Bank?

Employer has not shared pay details for this role.

What employment applies to this position at First Commonwealth Bank?

First Commonwealth Bank lists this role as a Full-time position.

What experience level is required for this role at First Commonwealth Bank?

First Commonwealth Bank is looking for a candidate with "Senior-level" experience level.

Does First Commonwealth Bank allow remote work for this role?

Yes, this position at First Commonwealth Bank supports remote work, giving candidates the flexibility to work outside the primary office location.

What is the process to apply for this position at First Commonwealth Bank?

You can apply for this role at First Commonwealth Bank 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.