- Assists VP of Lending in performing prequalification assessment and analysis of Borrower's financial condition
- Compiles data from credit bureaus, tax returns, and statement of assets etc. for analysis
- Prepares clear and precise executive summaries for presentation of proposed loans
- Coordinates with VP of Lending to manage the existing portfolio in regards to loan extensions, modifications and covenant tracking
- Makes recommendations and works with VP of Lending to structure loans and mitigate risk.
- Oversees the vetting process for potential new appraisers
- Supports the VP of Lending during Credit Committee by demonstrating knowledge of the pertinent information for each deal.
- Responsible for maintaining the integrity of the existing Credit Policy and making updates to the policy as needed.
- Performs other duties and responsibilities as required.
- Risk Identification & Mitigation - Did you appropriately analyze the risk of the deal and determine potential mitigants?
- Facilitates effective communication between the VP of Lending and Credit Committee
- Process
- Effective Problem-Solving
- VP Review o Does the VP believe on a scale of 0-10, as their business partner, you helped them identify and mitigate risk, fully understand their deals, and spent your time on things important to the loan decision?
- Self-Motivated:
- Positive Attitude:
- Determined:
- Team Player:
- Openminded:
Senior Credit Analyst - Chicago, United States - RF RENOVO MANAGEMENT COMPANY LLC
Description
Job DescriptionJob Description
Position:
Senior Credit Analyst
Who We Are:
Renovo Financial is a rapidly-growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties.
Renovo's reliability and "win-win" solutions-oriented approach is just one reason why our repeat and referral rates far exceed the industry average.
Renovo was honored to be named one of Crain's 50 fastest-growing Chicago companies.Position Summary:
The position of Senior Credit Analyst is responsible for gathering and analyzing credit information on current and potential borrowers, determines the advisability of granting credit for diversified types of loans, & is the right-hand credit resource for Renovo's VP of Lending.
Their primary responsibility is to assist Renovo in writing quality loans swiftly, accurately, and efficiently with little compromise to production.
Ideal Candidate:
The ideal candidate for this role is someone who has at least three years of experience as a real estate Credit Analyst at a community bank or private lender.
Responsibilities:
Success Factors:
Improvement
Behavioral Characteristics:
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