Equipment Finance Credit Officer

The Equipment Finance Credit Officer is responsible for critical components in onboarding syndication partners, vendor program management, and overall program end to end success. This includes participating in negotiations, assessing financial statements, evaluating origination strategies and monitoring portfolio performance. This role involves developing a credit risk model to facilitate automated credit decisions, evaluating credit worthiness, and overall managing portfolio performance. This role will ensure compliance with industry regulations along with overall team and platform development.
Responsibilities

Onboarding

• Participate in Program Agreement negotiations.
• Assess financial statements to determine the Partners financial strength and ability to stand behind reps and warrants provided in the Program Agreement.
• Evaluate Partners origination strategy including origination sources, and types of industries, assets, and finance structures used to conduct business.
• Understand partners credit philosophy and credit matrix as it pertains to primary industry and assets origination strategy.
• Review Partners portfolio performance including delinquencies, charge-offs, and recovery rates.
• Evaluate Partners collection procedures including repossession and remarketing process.
• Perform annual review of program performance.

Credit Analysis

• Evaluate creditworthiness of equipment financing transactions
• Help Identify credit criteria to manage risk.
• Assist in the development of a risk model attributes to measure risk.
• Determine credit grade and approve/decline transactions as appropriate.
• Identify, track and report on policy exceptions.

Portfolio Management

• Track and monitor portfolio performance and composition in whole and by partner.
• Manage concentration limits for policy exceptions, delinquencies, industry, asset, credit grade, etc.
• Assist in the management of collections activity including monthly collection calls and workout accounts.
• Assist in the development of monthly reporting requirements

Compliance

• Understanding of equipment finance industry and regulations as it pertains to Bank and non-Bank entities.
• Ensure compliance with internal policies.
• Complete internal and external compliance related activities to ensure compliance and overall mitigate risk to the organization.

Qualifications

• Bachelor's degree in accounting, Finance, or related field
• 6-8 years of experience as a senior credit analyst/underwriter.
• ELFA member with active participation preferred.
• Proficient to Advanced experience with Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
• Familiarity with lending regulations, rules, and banking laws.
• Strong analytical skills and problem-solving skills, as well as attention to detail.
• Able to develop and maintain internal and external relationships.
• Experience working effectively and independently in a virtual team environment.
• Ability to work varying hours as needed to support clients across various time zones.

Cultural Alignment

Choice is #PeopleFirst, banking second.

People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.

In contributing to our culture, Choice team members are guided by our core values.

• Embrace change and encourage innovation.
• Know when to ask for help and know when to offer help.
• Better the places we live.
• Work hard. Do the right thing. Have a little fun.

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.

Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.

The base salary for this role will begin at $77,634 and up to $116,445 annually. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out www.bankwithchoice.com/careers for an outline of current benefit offerings.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)