ABL Underwriter III - Huntington National Bank
Cincinnati, OH
About the Job
Description
Summary:
The ABL Underwriter lll analyzes, assesses, and documents the critical components of a credit decision. This role conducts industry and company research, prepares accurate and timely credit approval documentation, and participates in credit approval presentations. The ABL Underwriter III proactively evaluates credit decisions and opportunities to mitigate associated business risks relying on established Huntington policies, procedures and legal and regulatory requirements. In addition, this position owns primary responsibility for underwriting quality and works closely with BDO Team Leaders, Business Development Officers, Portfolio Manager, Field Examiners, HBC Management and Regional Credit Officers.
Duties and Responsibilities:
+ Utilizes Huntington National Bank’s (HNB) financial spreading software to analyze year end and interim financial statements.
+ Utilizes the Bank's risk rating model for new prospects (Credit Lens)
+ Prepares credit approval document for new prospects.
+ Assesses the primary risks of the credit extension and the nature of the mitigating factors.
+ Accurately and appropriately analyzes financial statements, calculates cash flow coverage, leverage, and other relevant financial ratios; discusses deal-specific cash flow modifications and determines for reasonableness.
+ Presents underwriting document incorporating financial, business, industry and risk analysis in a concise effective manner.
+ Works on the most complex deals.
+ Assists Portfolio Management as necessary
+ Performs other duties as assigned
Basic Qualifications:
+ Bachelor's degree in finance, accounting, related discipline, or equivalent education and/or related work experience.
+ Minimum 10 years’ experience in ABL Underwriting or Portfolio Management.
Preferred Qualifications:
+ Sharp analytical and decision-making skills.
+ Strong organizational, verbal and written communication skills.
+ Minimum of 2+ years Field Exam experience
+ Proficiency with Microsoft Office products (Word, Excel).
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#CML
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Compensation Range:
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
Summary:
The ABL Underwriter lll analyzes, assesses, and documents the critical components of a credit decision. This role conducts industry and company research, prepares accurate and timely credit approval documentation, and participates in credit approval presentations. The ABL Underwriter III proactively evaluates credit decisions and opportunities to mitigate associated business risks relying on established Huntington policies, procedures and legal and regulatory requirements. In addition, this position owns primary responsibility for underwriting quality and works closely with BDO Team Leaders, Business Development Officers, Portfolio Manager, Field Examiners, HBC Management and Regional Credit Officers.
Duties and Responsibilities:
+ Utilizes Huntington National Bank’s (HNB) financial spreading software to analyze year end and interim financial statements.
+ Utilizes the Bank's risk rating model for new prospects (Credit Lens)
+ Prepares credit approval document for new prospects.
+ Assesses the primary risks of the credit extension and the nature of the mitigating factors.
+ Accurately and appropriately analyzes financial statements, calculates cash flow coverage, leverage, and other relevant financial ratios; discusses deal-specific cash flow modifications and determines for reasonableness.
+ Presents underwriting document incorporating financial, business, industry and risk analysis in a concise effective manner.
+ Works on the most complex deals.
+ Assists Portfolio Management as necessary
+ Performs other duties as assigned
Basic Qualifications:
+ Bachelor's degree in finance, accounting, related discipline, or equivalent education and/or related work experience.
+ Minimum 10 years’ experience in ABL Underwriting or Portfolio Management.
Preferred Qualifications:
+ Sharp analytical and decision-making skills.
+ Strong organizational, verbal and written communication skills.
+ Minimum of 2+ years Field Exam experience
+ Proficiency with Microsoft Office products (Word, Excel).
#LI-JS1
#CML
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Compensation Range:
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
Source : Huntington National Bank