Credit Authorizer Job Description Sample
Veterans Service Representative - Authorizer - Ctap
OUR MISSION: To fulfill President Lincoln's promise "To care for him who shall have borne the battle, and for his widow, and his orphan" - by serving and honoring the men and women who are America's Veterans. How would you like to become a part of a team providing compassionate care to Veterans?
As a VA professional, your opportunities are endless. With many openings in the multiple functions of VA, you will have a wide range of opportunities and leadership positions at your fingertips.
Not only is it the largest, most technologically advanced integrated health care system in the Nation, but we also provide many other services to Veterans through the Benefits Administration and National Cemeteries. VA professionals feel good about their careers and their ability to balance work and home life. VA offers generous paid time off and a variety of predictable and flexible scheduling opportunities. For more information on the Department of Veterans Affairs, go to http://www.vacareers.va.gov
The full performance GS-11 Veterans Service Representative (VSR Authorizer) explains benefit programs and entitlement criteria, conducts interviews, identifies issues, gathers relevant evidence, adjudicates disability claims, and inputs data necessary to generate the disability award and notification letter to the veteran describing the decision and the reason for it. VSR duties include but are not limited to:
Serves as a primary contact for veterans, their beneficiaries, and their representatives and is the decision-maker for compensation or pension claims. Explains the full range of VA benefits and all related programs.
Reviews the work of other employees and determines its accuracy with final signature authority on a variety of claims.
Makes determinations as to eligibility for the type of benefit sought and analyzes, develops, and requests required evidence for certain claims requiring a rating decision.
Decides the necessity for and type of examination, reexamination or opinions to determine the existence of or to evaluate disabilities resulting from diseases or injuries.
Develops comprehensive requests for these examination/opinions to ensure appropriate evidence is received from which to adjudicate the claim.
Prepares correspondence to members of Congress and special interest groups on case assignments and other "controlled" correspondence.
Reviews all correspondence to private attorneys; acknowledges and revokes designations for private attorneys.
Utilizes various electronic data processing (EDP) systems for inputting data related to claims adjudication, processing, monitoring, and correspondence preparation.
Acts as an advocate for veterans and their beneficiaries in their dealings with other VA elements and organizations that affect their claims.
Prepares administrative decisions to grant entitlement to benefits.
Prepares statements of the case on authorization related appeals.
Work schedule: 8:00am to 4:30pm
Compressed/Flexible Schedule: Not Available
Telework: Not Available
Virtual: This is not a virtual position.
Position Description Title/PD#: Veterans Service Representative
Relocation/Recruitment Incentives: Not Authorized
Financial Disclosure Report: Not Required
Application Open Date
Application Close Date
Veterans Benefits Administration
Who May Apply
- More About VA
- VA supports the use of telework as a way to help attract and retain talented individuals in public service, increase worker productivity, and better prepare the agency to operate during emergencies. This position may be authorized for telework. Telework eligibility will be discussed during the interview process.
Receiving Service Credit or Earning Annual (Vacation) Leave: Federal Employees earn annual leave at a rate (4, 6 or 8 hours per pay period) which is based on the number of years they have served as a Federal employee.
VA may offer newly-appointed Federal employee's credit for their job-related non-federal experience or active duty uniformed military service. This credited service can be used in determining the rate at which they earn annual leave. Such credit must be requested and approved prior to the appointment date and is not guaranteed.
Placement Policy: The posting of this announcement does not obligate management to fill a vacancy or vacancies by promotion.
The position may be filled by reassignment, change to lower grade, transfer, appointment, or reinstatement. Management may use any one or any combination of these methods to fill the position.
It is the policy of the VA to not deny employment to those that have faced financial hardships or periods of unemployment.
This job opportunity announcement may be used to fill additional vacancies.
The Career Transition Assistance Plan CTAP provides eligible displaced Federal competitive service employees with selection priority over other candidates for competitive service vacancies. To be qualified you must submit appropriate documentation and be found well-qualified for this vacancy.
VA CAREER TRANSITION AND ASSISTANCE PROGRAM (CTAP) AND INTERAGENCY (ICTAP) In accordance with VA Handbook 5330, a CTAP/ICTAP eligible will received special selection priority consideration if (1) applying at or below the grade level from which separated with no greater promotion potential than the position from which separated, (2) is within the commuting area, and (3) is determined to be "well qualified" for this position.
Special Employment Consideration: VA encourages persons with disabilities to apply, including those eligible for hiring under 5 CFR 213.3102(u), Schedule A, Appointment of persons with disabilities [i.e., intellectual disabilities, severe physical disabilities, or psychiatric disabilities], and/or Disabled veterans with a compensable service-connected disability of 30% or more. Contact the Agency Contact for information on how to apply under this appointment authority via the Selective Placement Coordinator.
Veterans and Transitioning Service Members: Please visit the VA for Vets site for career-search tools for Veterans seeking employment at VA, career development services for our existing Veterans, and coaching and reintegration support for military service members.
For more information on the "Who may apply" eligibility requirements, please refer to the OHRM Status Candidates and Other Candidate Definitions document.
If you are unable to apply online view the following link for information regarding an Alternate Application.
To qualify for this position, applicants must meet all requirements by the closing date of this announcement, 03/22/2018.
Time-in-grade: Applicants who are current Federal employees and have held a GS grade any time in the past 52 weeks must also meet time-in-grade requirements by the closing date of this announcement.
For a GS-11 position you must have served 52 weeks at the GS-10. The grade may have been in any occupation, but must have been held in the Federal service. An SF-50 that shows your time-in-grade eligibility must be submitted with your application materials.
Note: To support your claim that you have the required time-in-grade, you must submit your most recent promotion, within-grade increase, or appointment SF-50. If you previously held a higher grade, you must also submit any SF-50 showing that grade.
You may qualify based on your experience and/or education as described below: Specialized Experience:
You must have one year of specialized experience equivalent to at least the next lower grade GS 10 in the normal line of progression for the occupation in the organization. Examples of specialized experience would typically include, but are not limited to:
Experience in the development, examination, investigation, adjudication, and authorization of claims for disability compensation, disability pension, death compensation, death pension benefits, life insurance benefits, etc. Such experience is to be substantive and relevant to the position being filled.
Such experience may have been gained in claims-decision making for a state or federal agency, insurance company, employee compensation board, disability retirement, or pension program.
Education: Applicants may substitute education for the required experience.
To qualify based on education for this grade level you must have A Ph.D. or equivalent doctoral degree, or 3 full years of progressively higher level graduate education leading to such a degree. Education must be related to the position being filled.
Combination: Applicants may also combine education and experience to qualify.
To calculate, first identify the percentage of required education you have earned. When substituting you can use graduate level education you have earned beyond a Bachelor's Degree. Then identify the percentage of required experience you possess.
Add the two percentages. The total percentage must equal at least 100 percent to qualify at the GS-11. For example, an applicant who has 9 semester hours of graduate level education (i.e. 50% of graduate education required) and 6 months of creditable specialized experience (i.e. 50% of the required experience) would equal 100% of the required experience for the position.
Note: A full year of work is considered to be 35-40 hours of work per week.
Part-time experience will be credited on the basis of time actually spent in appropriate activities. Applicants wishing to receive credit for such experience must indicate clearly the nature of their duties and responsibilities in each position and the number of hours a week spent in such employment.
For more than 40 years, American Home Shield has protected homeowners by providing affordable protection against home system component and appliance breakdowns. As the leader in the home warranty industry, we have a network of more than 11,000 pre-screened home service contractors and 45,000 professional technicians that provide convenient, reliable expert service to our customers.
What is this role about?
American Home Shield Authorizers play a very important front-line role interacting with our valued customers regarding their home warranty plan coverage.
What does a "Day-in-the-Life" look like?
This fast paced role is based in one of our Customer Contact Centers across the country. In this role you are interpreting contracts and coverage for inquiries from customers, technicians, and contractors related to HVAC, appliance and other home systems; authorizers often work across departments and utilize multiple resources to effectively resolve inquiries for our customers.
Here are a few specifics of what you would be doing each day:
Approving initial diagnosis of issues reported by customers
Authorizing repair (or replacement) of systems or appliances covered by the plan
Negotiating pricing with contractors
Coordinating appropriate follow-up with customers or contractors to ensure issues are resolved satisfactorily
Informing customers of non-covered claims and effectively explaining the reason why
Providing your technical knowledge and expertise to other colleagues
What do I need to be successful?
High school diploma or GED is required
Prior customer service or related experience is preferable
Experience with HVAC and other mechanical systems highly desirable
You are able to effectively interpret home warranty plans, contract coverage, etc.
You enjoy engaging with customers and providing quality service
You are good at solving problems and explaining solutions
You are effective at conflict resolution
You excel at de-escalating upset or frustrated customers
You thrive in a fast paced environment where multi-tasking is necessary
You have strong communication skills – interpersonal and written
You have solid computer skills including having worked with Microsoft Office products
Why should I choose American Home Shield?
In addition to being part of a great brand with an exciting future, here are some other highlights of what we offer members of the AHS Team.
Comprehensive training, all paid by the company
Very competitive compensation program
Opportunities for advancement and career growth – including paths into management level roles
Medical, dental and vision coverage + discounts on ServiceMaster brands
Short/long-term Disability and Life Insurance
Paid time off
The above statements are intended to describe the general nature of the work being performed by employees assigned to this classification; they are not an exhaustive list of all responsibilities, duties and skills required for the position.
American Home Shield and ServiceMaster are committed to hiring and retaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action-Employer, making decisions without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability status, age, marital status, protected veteran status or any other protected class.
VP, Credit Model Development - Paypal Credit (L12)
In this role, you will manage model risk for all models in the Credit organization (includes acquisition, account management, loss forecasting and stress testing models) and report directly into to the VP, Credit Model Leader. The successful candidate will be responsible for managing key aspects of model governance framework, including monitoring, reporting, validation, development, and implementation.
Lead a team of model experts in the model monitoring process across the Credit organization, including root cause drivers of any material shifts in model performance; documenting change logs
Manage with legal/compliance, model validation & development, business user and other governance teams the review, testing and approval before implementation
Assist the model sponsor in providing documentation and responses related to model risk management for internal/ external reviews
Identify and coordinate activities requiring modelling support including new model build process; review and signoff on requirements
Manage model Inventory reporting; drive model simplification in business
Manage audit and validation requests, and develop remediation plan for timely resolution on any issues uncovered through those requests
Assess appropriateness of model inputs, calibration quality and reliance on model outputs with support from modeling team
Ensure models are implemented working with cross functional team, and documented per Synchrony policy standards
Responsible for leading, coaching, and developing junior team members
Perform other duties and/or special projects as assigned
- Master's degree in a quantitative discipline and 8+ years of experience in consumer credit risk modeling or; in lieu of a Master's degree, a Bachelor's degree in quantitative discipline and 10+ years of experience in consumer credit risk modeling
- 4+ years of progressive experience in model review or validation
- 4+ years of leading a team
- 1+ years hands on programming skills (SAS/SQL/R/Python etc.)
- 4+ years working with large data sets
Deep familiarity with model risk management under SR 11-7 model governance requirements
Extensive experience with Compliance/ legal in interpreting and implementing quantitative regulatory requirements within business settings
Excellent writing, communication and inter personal skills
Proficient in usage of SAS, Model builder or related modelling tools
Experience in developing consumer credit risk models
Direct exposure with delivering on data requests for auditors/examiners
Proven ability to lead a team of managers/ analysts
Strong leadership skills to drive change and results
Master's degree in Statistics or related field is preferred
You must be 18 years or older
You must have a high school diploma or equivalent
You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process
You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
Effective 1-1-18, new hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 24 months' time in position before they can post. All internal employees must have at least a "consistently meets expectations" performance rating and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance requirement).
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Reasonable Accommodation Notice:
Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time.
Job Family Group:
Strategic Credit Analyst - National Credit Center
The GM Strategic Credit Analyst is responsible for researching and analyzing credit applications, assessing credit history for acceptable risk and then approving or denying extension of credit to potential customers. This team member has contact with other company departments, as well as automobile dealers and other finance and credit sources. The team member will be responsible for overseeing the credit relationship to an assigned set of dealers. This team member will provide quality customer service by satisfying the credit needs of the dealer. This role is a field based position in one of our 15 Regional Credit Centers. This will require the team member to relocate to a permanent center within the U.S. after successful completion of the credit training program and based on business needs. This role requires relocation to Chandler, AZ upon hire to attend training prior to final relocation.
Analyze credit data to determine the degree of risk involved in extending credit.
Make decisions to approve or deny the extension of credit within set credit authority established by senior management and state/federal laws.
Develop strong dealer relationships that ensure volume objectives and credit quality.
Increase GMF Market Share with assigned dealers.
Capture automotive finance contracts that meet GM Financial profitability criteria for pricing and performance.
Ensure compliance with applicable policies and procedures.
Ensure credit center office cooperation with other departments, to maximize efficiency within the company.
Achieve required credit quality and productivity by ensuring all queues are worked to acceptable service levels
Perform outbound telemarketing calls to assigned dealer personnel.
Reports to: Strategic Credit Manager
Direct Reports: None
Knowledge of consumer credit and indirect auto financing
Knowledge of credit laws and regulations
Knowledge of dealership operations and indirect auto finance
Able to meet deadlines and establish objectives
Working knowledge of Salesforce.com
Ability to independently evaluate and make consistent, quality credit decisions that produce acceptable ratios and returns for the company.
Excellent oral and written communication skills.
Strong analytical skills required. Strong work ethic.
Superior customer relations skills.
Must be proficient in computer software such as, Excel, Word and PowerPoint.
Must have successfully completed the Credit Services Certification.
1-2 years in consumer finance industry, underwriting or auto finance preferred.
1-2 years sales experience preferred.
Bachelor's degree with emphasis on marketing business preferred. Equivalent experience can be substituted for degree.
Junior Credit Underwriter
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.
As a Junior Underwriter for the Operations team you are responsible for assisting the team in reviewing and analyzing client credit data to determine creditworthiness. Credit applications will be reviewed for approval or decline or written up for a senior member of the credit department for review.
- Evaluating risk factors relative to the magnitude/probability of business risk, and adjudicate credit within established credit authority level
Completing credit write-ups; documenting recommendations for transactions requiring final approval by credit committee
Exercising credit authority within defined parameters
Reviewing and approving equipment to be financed or leased, completing vendor diligence and reviewing processes to ensure transaction is legitimate and meets the company's policies
Develop and recommend appropriate credit structures relative to your risk assessment
Negotiate terms and conditions for transactions and work with cross-functional teams to ensure appropriate documentation
Active involvement in pre-deal review process to assist sales team with transaction structuring
Bachelor's degree in Business, Finance, Economics or other related field is strongly preferred
A minimum of 1 year of work experience in a credit role in the finance or banking industry
Familiarity with various credit reports such as Experian, Equifax, D&B, and Paynet
Exceptional analytical and financial analysis skills and the capacity to quickly learn and apply credit assessment policies and procedures
The ability to make effective, timely and sound recommendations and decisions on credit requests
Excellent verbal and written communication skills are a must
The ability to develop good working relationships with sales/marketing personnel and clients
Maintaining excellent client service and interaction is also required
Commercial Credit Review Manager
Establishes commercial credit operational objectives and assignments. Objectives are reviewed by senior management to determine success of the operation. Involved in developing, modifying, and executing company policies that affect immediate operation(s) and may also have company-wide effect.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Maintains commercial credit quality standards.
Creates and maintains controls to ensure the highest quality standards are maintained in regard to account management (past due loans) and timely follow-up on tickler systems.
Reviews credit recommendations within a defined scope for accuracy, endorses for submission and presents to Credit Quality for approval Coaches ARMs in the development of complete, accurate and well-structured credit recommendations.
Provides guidance and advice to ARMS on financial analyses, loan structuring and other credit skills.
Ensures commercial lending staff is aware of all relevant changes in credit requirements.
Oversees completion and accuracy of monthly past-due loan reports and loan status reports and ensures timely submission to Credit Administration.
Monitors and verifies risk rating accuracy on delinquent loans and those submitted for approval.
Handles credit and deposit needs for commercial banking customers.
Develops and analyzes financial background data for new or renewed loans. May engage with existing or prospective clients as part of the bank's due diligence and monitoring activities.
Works on problems where analysis of situations or data requires an in-depth evaluation of various factors.
Exercises judgment within broadly defined practices and policies in selecting methods, techniques, and evaluation criterion for obtaining results.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities -- knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
Takes personal initiative and is a positive example for others to emulate.
Embraces our vision to become "The World's Greatest Bank."
May perform other duties as assigned.
REQUIRED KNOWLEDGE, SKILLS AND ABILITIES
Bachelor's degree in Business Administration, Finance, or other related field, required.
5-9 years of relevant commercial lending and credit experience.
Strong relationship management and business development abilities, analytical and problem solving skills, sales skills, and credit and credit quality skills with prior lending authority experience.
Advanced knowledge of commercial C&I bank products and services that result in successfully capitalizing on all opportunities to cross-sell the bank's products.
Experience managing and developing others and ability to build and maintain relationships.
Excellent planning and organization skills with the ability to change course (adaptable) at a moment's notice.
Strong written and verbal communication skills.
Ability to change the thinking of, or gain acceptance of, others in sensitive situations.
Proficiency with personal computers and software packages such as Word and Excel.
Ability to train and present to small and large audiences or has the interest in learning to train and present.
Ability to work under tight timelines, and high volume levels in keeping with established Service Level Agreement for position.
PHYSICAL AND ENVIRONMENTAL DEMANDS
Work involves sitting, occasional walking, and lifting up to 10 pounds.
Requires close visual acuity.
Normal office environment.
Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.
Geico Federal Credit Union VP Of IT
Under limited direction, oversees and manages GEICO Federal Credit Union (GFCU) information technology to include: mainframe operations, ACH processing, item processing, ATM services, IT help desk, communications, imaging system, local and wide area network, programming, security, disaster recovery and e-commerce/digital banking. Identifies technology issues and implements appropriate solutions.
In addition the VP of IT will oversee and manage GFCU marketing and digital services programs to include: developing a cohesive brand, marketing and communication strategy, incorporating digital, print and social media channels. Will recommend , manage and execute integrated marketing plans/programs and strategies to meet business objectives audience mixes by leveraging best practices, market research and data analytics.
Interested in joining our innovative team? If so, read on!
Must be able to follow complex instructions, resolve conflicts or facilitate conflict resolution, and have strong organization/priority setting skills
Must be able to learn and apply large amounts of technical and procedural information
Must be able to communicate effectively verbally and in writing
Proven track record of product development and implementation
1.Serves as member of the Executive Management Team (EMT) to direct the IT and marketing operations of the Credit Union through active participation with Executive Management, Board of Directors, external service organizations and vendors.
2.INTERVIEWS and/or APPROVES job applicants for employment. CONDUCTS and/or REVIEWS associate performance appraisals. INITIATES or APPROVES salary adjustments, performance ratings, and other personnel changes. COUNSELS associates and TAKES disciplinary action or TERMINATES the employment of associates as appropriate.
3.MANAGES, DIRECTS and OVERSEES all operational activities of the Credit Union IT Department and Marketing Department.
4.RESEARCHES, RECOMMENDS, and OVERSEES implementation of new technologies. PARTICIPATES with Executive Management to help establish strategic initiatives and goals.
5.COORDINATES with other departments to identify, recommend, develop, implement, and support cost-effective technology solutions for all aspects of the organization. REVIEWS performance of IT systems to determine operating costs, productivity levels, and upgrade requirements.
6.COORDINATES with other departments to identify, recommend, develop, implement, and support cost-effective marketing strategies to support the objectives of the Credit Union. DEVELOPS and IMPLEMENTS key messages and strategies to communicate complex information to members through a wide variety of communications platforms, including digital, print, social media.
7.BENCHMARKS, ANALYZES, REPORTS, and RECOMMENDS improvements of the IT infrastructure and IT systems.
8.AUTHORIZES and OVERSEES the deployment, monitoring, maintenance, development, and support of all hardware and software.
9.DEVELOPS and IMPLEMENTS all IT policies and procedures, including those for architecture, security, disaster recovery, standards, purchasing, and service provision. OVERSEES all infrastructure security systems and their corresponding or associated software, including firewalls, intrusion detection/prevention systems and anti-virus software.
10. OVERSEES negotiations and administration of vendor, outsourcer, and consultant contracts and service agreements.
11. PARTICIPATES in GFCUs budgetary planning process. DEVELOPS, TRACKS, and CONTROLS the information technology and marketing annual operating and capital budgets.
12. DIRECTS the planning and implementation of enterprise IT system, business operation, and facility defenses against security breaches and vulnerability issues. AUDITS existing systems, while directing the administration of security policies, activities, and standards.
13. DIRECTS projects and allocates resources. ESTABLISHES project definitions, requirements, time lines, results tracking, and communication methods.
14. MAINTAINS current knowledge on new technology that will enhance or improve the Credit Union operations.
15. ADHERES to the GFCU guidelines and GEICO Code of Conduct, company policies and operating principles.
For more than 75 years, GEICO has stood out from the rest of the insurance industry! We are one of the nation's largest and fastest-growing auto insurers thanks to our low rates, outstanding service and clever marketing. We're an industry leader employing thousands of dedicated and hard-working associates. As a wholly owned subsidiary of Berkshire Hathaway, we offer associates training and career advancement in a financially stable and rewarding workplace.
Our associates' quality of life is important to us. Full-time GEICO associates are offered a comprehensive Total Rewards Program*, including:
401(k) and profit-sharing plans
Medical, dental, vision and life insurance
Paid vacation, holidays and leave programs
Associate assistance program
Flexible spending accounts
Business casual dress
Fitness and dining facilities (at most locations)
Associate clubs and sports teams
GEICO Federal Credit Union
Benefit offerings for positions other than full-time may vary.
GEICO is an equal opportunity employer. GEICO conducts drug screens and background checks on applicants who accept employment offers.
How to Apply
Click "Apply for Job" to complete your application. You will need an active email address and phone number. Please upload your resume, preferably as Word .doc files or PDF. Once you begin your application you can save it and access it later. Your application should include any work and/or internship experience from at least the past five years.
Wintrust Credit Academy Rotational Credit Analyst Program - Class Of 2018
Wintrust Financial Corporation's rotational credit analyst training program, Wintrust Credit Academy, offers the opportunity to build a career in commercial banking. Over the course of the 2 year rotational training program, individuals will gain exposure to a variety of functions in the commercial banking field through classroom training and rotational job assignments.
Through in-classroom training, analysts will learn about the organization, our products and services, clients, and business practices. During this portion of the program, individuals will be introduced to the fundamentals of credit analysis, our underwriting framework, and various other subjects including loan documentation, risk assessment and concise financial writing.
Credit Analysts are responsible for financial analysis and risk assessment of potential borrowers, preparation of credit memoranda to be presented to senior management, and monitoring credit risk within various loan portfolios. The rotational component of the program includes rotations in areas such as Commercial and Industrial Lending, Commercial Real Estate, Wealth Services, Asset Based Lending, and various other lending teams.
After successful completion of the program, highly motivated analysts will have the opportunity to move into a professional role in Commercial Banking or Credit at one of the many Wintrust locations. Wintrust Academy provides a solid foundation for developing a successful career as a Commercial Banker.
You will work alongside relationship managers, business development managers, portfolio managers, and others in your office to develop a deep understanding of the operating performance and potential borrowing needs of prospective clients. You also will assist relationship managers with ongoing support of existing clients. Your responsibilities may include:
Analyzing a company's financial, operational, and management strengths and weaknesses to minimize capital, balance sheet, and reputation risk
Representing Wintrust in developing and maintaining relationships with clients
Actively collaborating with senior relationship managers on underwriting simple and complex transactions for a wide range of companies and individuals
Underwriting transactions related to traditional commercial lending, wealth management, treasury management, and other credit-related products
Preparing company annual financial reviews and underwriting memos focusing on a company's leverage, key risk factors, sources of repayment, cash flow, and ability to service debt
Reviewing and assisting in negotiating loan agreements and ancillary documents related to a transaction closing
Understanding client needs and identifying potential cross-sell opportunities for other Wintrust products and services
Bachelor's Degree Required (Business, Finance, Economics or Accounting preferred)
Outstanding academic credentials
Superior analytical, quantitative, leadership, interpersonal, and written/verbal communication skills
Excellent computer skills
Internship in banking or related field preferred
Active involvement and leadership in extracurricular activities. Previous volunteerism or community service a significant plus
Travel between Wintrust locations will be necessary. Candidates will be expected to provide his/her own transportation for training and for each rotation.
Interested candidates who will complete their bachelors degree in 2018 may submit their application for positions that will begin in July of 2018.
- Applications Accepted
- Phone interviews and in person interviews with Senior Management
- Offers are made for positions beginning in July of 2018
Credit Underwriter, Lead
Responsible for leading a team of commercial underwriters and managing a portfolio of large complex commercial loans, generally ranging in size from $750,000 and up. Provides guidance for underwriters and relationship management in evaluation of new credit opportunities for existing customers and prospects. Primary focus is leading and managing the underwriting team but also carries an assigned loan portfolio, the size of which is dependent on market factors.
Contributes to effective risk management through granting credit approval within prescribed limits and participating as a voting loan committee member for in market credits. Responsible for performance management, as well as ensuring the integrity of loan processing and credit administration within their market.
JOB FUNCTION NUMBER 1: Administrative & personnel management. 40%
Manage workflow among underwriters and analysts, conduct weekly UW team meetings to discuss workloads and reassign priorities as needed.
Provide day to day oversight, monitoring and performance management of staff, create performance plans and ensure timely reviews for all underwriting staff.
Provide guidance to underwriters and relationship managers in the proposal and underwriting process for new and existing borrowers.
Contact point for internal customers, manage requests for UW assignments, review and manage tickler list with UW and Banker staff.
Obtain monthly loan review completion data and work with staff to ensure team and individual goals are met.
Monitor delinquency reports and file comments to address delinquency actions with UWs.
Monitor and manage interim servicing and monitoring of individual credits with UWs.
Review credit action decisions and conduct approval authority for those UW's whom have lending authority less than loan committee size.
Be present and participate in the discussion of any loan committee presentations of credits. Voting member of loan committee for in-market credits.
Under the direction of the Chief Lending Officer, assist with Human Resources to hire and staff underwriting and analyst positions as needed.
JOB FUNCTION NUMBER 2: Propose and negotiate lending solutions. Direct the loan decision-making process by providing in depth, high-quality credit and risk analysis and communicate underwriting results with Banker and customer. Contribute to sound loan portfolio management through approving or declining commercial credit applications. 25%
Ascertain lending needs, propose and negotiate loan products and credit solutions for new loan opportunities.
Propose loan programs (SBA, USDA, FSA, etc.).
Evaluate and suggest loan pricing options, notate pricing exceptions.
Evaluate customer's response to proposal, communicate appropriate alternative structures if necessary, work to gain customer's acceptance and formal credit application.
Develop comprehensive understanding of customer's financial needs, and formulate a plan of action for loan structure, monitoring, and servicing of loan relationship.
Perform financial statement forecasting and sensitivity analysis to assist in determination of borrower's future capacity to repay debt.
Meet with customer to review financial statement spreads and projections, discuss results.
Write credit narrative and perform risk assessment of product, policy, structure, terms, and customer financial strength.
Independently grade all credits in accordance with Bank's credit classification system.
Establish requirements for, and assess information received, through account monitoring programs.
Approve or decline lending requests in accordance with established guidelines within prescribed lending authority.
Present recommended credit decision to Loan Committee, participants, and governmental agencies.
JOB FUNCTION NUMBER 3: Provide credit administration by ensuring proper documentation and closing of loan transactions and conducting ongoing account monitoring. 20%
Meet with Banker and customer to close large, complex loan transactions, including review of documentation and discussion of performance expectations.
Maintain ongoing consulting credit relationship with customer via meetings to discuss status of credit and annual review of financial information.
Identify potential new lending needs in existing relationships and suggest solutions to customer.
Provide ongoing administration of credit relationships including interim financial statements, borrowing base certificates and other required financial and collateral information.
JOB FUNCTION NUMBER 4: Contribute to the development of other credit personnel and those involved with the credit product by assisting in the training function.-10%
Assist in training other credit personnel.
Periodically assume the role of instructor or administrator in training sessions or seminars as directed by Chief Lending Officer.
Jointly review and approve credit actions with underwriting staff within prescribed level of loan authority.
JOB FUNCTION NUMBER 5: Conduct and develop research projects useful to the lending function. 5%
Serve on specific credit product management teams as directed by Chief Lending Officer.
Participate in assessment and selection of appropriate analysis and risk management technology as directed by Chief Lending Officer.
Maintain industry knowledge.
College degree or equivalent education, including upper level courses in finance and accounting.
In-depth knowledge of advanced loan documentation, banking laws, and regulations preferred, but not required.
Five or more years of experience working with commercial loans.
Experience assessing, selling, and closing all types of commercial and commercial real estate loans.
Three or more years of experience in personnel management and supervision.
Strong problem solving ability.
Professional customer service skills.
Strong written and oral communication skills.
Strong negotiation and interpersonal relationship skills.
Self-starter with established ability to work effectively with minimal day-to-day supervision.
Good analytical skills.
PHYSICAL DEMANDS: (MUST BE MET WITH OR WITHOUT A REASONABLE ACCOMMODATION)
Spend extended periods of time sitting at a desk and using office equipment.
Extended time is spent reviewing documents, both actual papers or electronic.
The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
Will spend most of time in an indoor environment.
May have a need to travel to and work at multiple locations.
Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.
Alerus is a participating e-verify employer.
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Alerus is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities. We consider all applications without regard to race, color,religion, sex, sexual orientation, gender identification, ethnicity, or national origin.
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Credit Analyst II
The purpose of this mid-level job is to combine accounting, credit and financial analysis (involving analysis of profitability, repayment ability, liquidity, solvency, and leverage) and risk assessment of commercial loans and loan commitments utilizing extensive computer-based risk analytic models in order to maximize the profitability, safety and soundness of the bank's commercial loan portfolio, and to ensure that loans adhere to established loan policy guidelines and procedures. This position supports the credit approval process by providing personal and corporate financial spreads, customer summaries of M&I deposit and loan histories, analysis of income tax returns through TaxAnalysis software and other reports that are incorporated into the bank's detailed loan presentation memoranda that are submitted by commercial relationship managers. This position makes recommendations regarding loan structuring and pricing decisions. This position further supports the underwriting process by writing Loan Presentation Memoranda comments for commercial relationship managers, meets with senior credit administrators and senior credit officers and makes recommendations on credit decisions that are to be presented to senior/executive management and formalized senior loan committees for review or approval. This is a solution and results-oriented position. This position also is involved in training of new credit analysts and management development associates.
Spreading and analyzing corporate customer financial statement information:
On credit requests in excess of local bank loan authorities of credit requests exceeding community bank approval authorities with total debt relationship over $500,000
Preparation of debt recaps for loan presentation memoranda
Spreading personal financial statement information
Analysis of Tax Returns and development of Global Cash Flows
Train new credit analysts and management development associates
Development and writing of commercial Loan Presentation Memoranda and make oral and written recommendations to commercial relationship managers and their managers, senior credit officers, the chief commercial credit officer and the chief credit officer
Develops pertinent industry and economic information for lenders and loan committees in the approval process of new, renewal and extensions of loans
Make periodic customer business development calls as required by assigned commercial relationship managers
Accounting knowledge (minimum of 6 hours college or university credit with at least a B average
Financial statement analysis knowledge (minimum of 3 hours college or university credit with at least a B average
Knowledge of loan structuring
Cash Flow Analysis
Commercial Loan Policies and Procedures
Strong communication (oral and written) skills
Must possess strong credit and financial analytical skills
Must possess very well-developed interpersonal skills
Must be assertive and decisive in reaching sound credit decisions which serve the best interest of both bank and borrower
Must possess time management skills and ability to prioritize multi-faceted work assignments
Computer skills – word processing and spreadsheets
Minimum of a Bachelor's degree in business, preferably finance or accounting, with overall 3.0 GPA
Graduate level education in business (MBA) preferred
At least one year credit analysis experience or equivalent work experience in a financial related field
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