The LaundryLux Jr. Credit Analyst is responsible for supporting the creditworthiness of potential borrowers and assessing the risks associated with lending activities. This typically involves analyzing financial statements, credit reports, and other relevant data to determine the likelihood of repayment. The Jr. Analyst aims to support decision-making processes in funding by providing detailed assessments that help financial institutions make informed choices about extending credit. Additionally, they provide superior service and support to our customers.
Responsibilities:
Collect and analyze financial data to support lending decisions.
Assist in reviewing, analyzing and interpreting financial information.
Assist with completing loan applications.
Collaborate with team members and communicate findings to senior credit analysts or management to assist in decision-making processes.
Research and identify process improvement opportunities and make recommendations to management
Reconcile customer statements/billings
Ensure collateral is perfected according to the approved credit decisions.
Review loan package for accuracy and completeness including but not limited to business entity documents prior to preparing loan documents.
Assists in the preparation of loan modification, renewal and extension documents of loans
Collects and analyzes financial data to support lending decisions, including reviewing payment histories and evaluating any risk factors.
Prepare Ad hoc documents as needed
Enter applications into proprietary software
Request and review insurance certificates to ensure sufficient coverage of collateral
Perform other duties/projects as assigned
Required Skills/Abilities:
Understanding of loan documentation principles and the perfection of security interests.
Ability to effectively manage time to meet deadlines and prioritize tasks.
Familiarity with leasing software for efficient management of leases.
Experienced in using Microsoft Word and Excel for documentation and analysis.
Highly analytical with strong critical thinking abilities to solve problems.
Detail-oriented, ensuring accuracy and thoroughness in all tasks.
Exceptional written and oral communication skills for effective interactions.
Confident in making and handling phone calls in a professional manner.
Brings energy and enthusiasm to the workplace and team environment.
Must be able learn quickly and adapt to read loan documents
Education and Experience:
Bachelors in finance or related field is required;
0 - 2 years experience in equipment financing
0 - 2 years of experience in credit analysis, financial analysis, or a related field is expected.