Credit Manager - Equipment Finance - Remote
The Credit Manager - Equipment Finance will be responsible for the review and underwriting of equipment finance requests to help the bank build, maintain, and accurately risk grade its solid credit portfolio. This will involve working closely with the leasing underwriters, leasing relationship manager, credit administration, credit operations, and other credit personnel. Credit Managers lead the recommendation phase of new loan requests and annual reviews. You'll enjoy the flexibility to work remotely
- from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.
Primary Responsibilities:
- Analyze new equipment lease requests and perform periodic reviews on existing equipment leases
- Conduct analysis of financial statements and assess overall credit risk of new and existing loans and leases
- Take lead role in presenting analysis, findings, and recommendations to Credit Administration, Relationship Manager, and other members of the Credit team
- Lead the creation of credit underwriting memos which analyze the credit request, the borrower, financial and credit information, repayment sources, risks and mitigation, collateral, and compliance with applicable regulations and policies
- Be knowledgeable of policies, guidelines, procedures, regulations and systems applicable to the credit function
- Assess and recommend risk ratings for underwritten leases
- Assist with portfolio management and monitoring
- Develop and maintain positive relationships with internal and external clients
- Assist with training and mentoring of other analysts and underwriters
- Assist with special projects and complete other duties as assigned
You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in. Required Qualifications:
- Bachelor's degree in Finance, Accounting, Economics, or Business from an accredited institution
- 5+ years of experience analyzing business tax returns and financial audits using generally accepted accounting principles (GAAP)
- 5+ years of experience analyzing business and personal financial statements associated with lease requests
- 3+ years of experience working in a credit or lending role with a commercial bank
- 2+ years of experience making or recommending credit decisions on transactions > $5 million
- 2+ years of experience underwriting equipment leases and reviewing loan/lease documents
Preferred Qualifications:
- Advanced degree in a business-related field from an accredited institution (MBA, MRED, MSF, MACC, etc.)
- Completion of a formal commercial credit training program
- Experience working out problem equipment leases
- All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy.
Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $91,700 to $163,700 annually based on full-time employment. We comply with all minimum wage laws as applicable. Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants. Apply tot his job Apply To this Job