Senior Credit Manager, Mid-Ticket Credit Underwriting

Job not on LinkedIn

🔥 0 minutes ago

🌽 Illinois, Iowa, +2 more states – Remote

🌽 Illinois – Remote 🌾 Iowa – Remote 🔔 Pennsylvania – Remote 🤠 Texas – Remote

💵 $120k - $175k / year

⏰ Full Time

🟠 Senior

📋 Underwriter

Apply Now

Find Similar Remote Jobs

Set Up Email Alert For New Jobs

📊 Check your resume score for this job

Improve your chances of getting an interview by checking your resume score before you apply.

Upload Resume

Altius Search Group

WebsiteLinkedInAll Job Openings

1 - 10 employees

🏥 Healthcare

💼 Consulting

📦 Logistics

Healthcare • Consulting • Logistics

Altius Search Group is a permanent placement executive search firm dedicated to providing personalized and world-class recruiting services for companies and candidates in various industries, particularly in Financial Services and Healthcare. The firm emphasizes the importance of accurate, timely, and reliable communication throughout each stage of the recruiting process, ensuring superior long-term matches. By focusing on understanding the needs of both candidates and clients, Altius Search Group aims to facilitate smooth and successful transitions for new employees. Niche by design, the company prides itself on its deep understanding of its core industry focuses and the local market.

📋 Description

• Lead and manage approximately three to six Mid-Ticket Credit Analysts • Establish performance expectations and monitor quality, productivity, consistency, and service levels • Coach, mentor, and develop analysts through feedback, performance reviews, and development meetings • Ensure consistent application and understanding of credit policies • Participate in interviewing, hiring, and onboarding new Credit Analysts • Monitor workflow, turnaround times, attendance, and team activity • Keep senior management informed of team performance and day-to-day activity • Recommend credit policy changes based on underwriting experience and portfolio trends • Ensure credit files and post-funding requests are complete, accurate, and processed promptly • Underwrite commercial equipment finance transactions across industries, markets, and equipment types • Conduct customer due diligence and prepare credit memoranda, financial analyses, approval notes, and presentation materials • Analyze financial statements, tax returns, interim statements, and supporting schedules • Evaluate cash flow adequacy, leverage, liquidity, profitability, working capital, debt-service capacity, and credit risk • Assess qualitative factors including competitive position, operating model, management strength, ownership structure, industry trends, and business risks • Evaluate equipment value, market pricing, depreciation, useful life, remarketing considerations, and residual risk • Develop transaction structures, terms, conditions, and risk ratings • Present credit recommendations to the Credit Committee and senior management • Review credit appeals, post-approval modifications, and post-funding requests • Decision flow transactions accurately and within service expectations • Work with Originators to obtain customer information and provide underwriting-status updates • Partner with Sales to structure transactions balancing credit quality, customer needs, and business objectives • Support Documentation and Funding with nonstandard transaction requirements • Assist Collections with late-payment issues, restructures, or modifications • Provide credit training to Sales and other internal teams • Promote collaboration among Credit, Sales, Operations, Documentation, Funding, and Collections

🎯 Requirements

• Minimum 10 years of commercial credit underwriting or risk-management experience • Significant hands-on underwriting experience within the equipment finance industry • Minimum five years of direct leadership or management experience overseeing commercial credit professionals • Minimum five years of equipment finance experience involving both new and used equipment • Expert knowledge of commercial credit underwriting, financial analysis, risk assessment, and equipment finance • Advanced ability to spread and analyze financial statements, tax returns, interim statements, and cash flow • Strong understanding of leverage, liquidity, debt-service coverage, profitability, working capital, and financial ratio analysis • Demonstrated ability to coach, mentor, and develop underwriting teams • Sound judgment and decision-making skills involving complex commercial credit situations • Experience underwriting transactions across transportation, industrial equipment, specialty vehicles, tow and recovery, manufacturing, construction, and franchise finance • Excellent written and verbal communication skills, including presenting recommendations to the Credit Committee and senior management • Strong organizational, planning, and time-management skills • Ability to manage multiple priorities in a fast-paced, high-volume environment • Strong interpersonal skills and ability to collaborate across departments • Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field preferred • Equivalent commercial lending or equipment finance experience may be considered