Credit Analyst 3 - WEX Bank

WEX Inc | ME, United States

Posted Date 9/13/2023
Description

Job Summary:

WEX is currently seeking an experienced, self-driven Credit Analyst 3 with a commercial lending and underwriting background to join their Large Credits team in Sandy, UT; but can work remotely throughout the United States! As a Credit Analyst on this team, you will be responsible for supporting our growing lines of business.

Performance Objectives:

Underwriting New Requests:

  • Perform advanced financial / risk analysis and verifications on large (>$150K) Commercial applications for new credit, credit line increases, or extensions
  • Identify credit, fraud, compliance, and other operational risks that may subject the bank to unexpected loss
  • Utilize commercial and consumer credit reports and other third party data to make credit decisions relative to credit applications in accordance with approved credit policy and established procedures
  • Approve/decline credit requests within personal credit authority

Credit Reviews:

  • Perform financial / credit risk analysis of public and large private companies based upon risk alerts or credit review schedules
  • Utilize intermediate to advanced credit risk analysis methodologies to make complex credit decisions related to account credit line increases, decrease, or loss mitigation strategies
  • Determines the credit worthiness of all accounts not scored by models, and makes those decisions based on broad-based knowledge of practices and industry standards
  • Prepare and present complete and accurate credit packages for management and the Bank Loan Committee recommending and supporting credit decisions
  • Recommend improvements to strategy, policy and procedures

Customer Service & Other:

  • Resolve complex credit problems with internal/external customers
  • Assist and respond to customers with requests, questions and complaints regarding their accounts
  • Communicate with customers, relationship managers, and/or bank reference to gather required information
  • Provide training and support to new employees and respond to internal credit-related inquiries
  • Perform additional projects as assigned by the manager

Qualifications:

  • Bachelors degree (accounting, business, or finance preferred)
  • 3+ years of Commercial Credit Risk Analysis and Underwriting experience
  • Credit Business Associate (CBA) accreditation from NACM preferred or similar industry standard Commercial Credit Lending Certification (i.e. Moody’s CICC) is preferred but not required

Knowledge, Skills & Abilities:

  • Knowledge of foreign currency conversions and ability to work in foreign currencies when evaluating credit.
  • Sound understanding and demonstrated use of credit and banking laws and regulations.
  • Strong working knowledge of Collateralization / Securitization.
  • Intermediate to Advanced skill working with credit scoring.
  • Sound understanding of interpreting commercial credit reports & data and using that information to make complex credit decisions.
  • Working knowledge and general experience with various credit tools (i.e. D&B, Equifax, and Financial Statements).
  • Demonstrated accuracy & completeness in preparing & processing complex reviews that clearly recommend the action to be taken while highlighting the basis for the recommendation or decision.
  • Advanced ability to assess risk on mid-sized to large public or private companies
  • Must pass a successful background investigation.
  • Ability to use non-standard or market data as inputs into credit analysis and recommendations

Technical:

  • Excellent working knowledge of accounting and financial statement analysis
  • Advanced computer skills using Microsoft and G-Suite office products, and Windows O/S
  • Capable of using Excel or other like tools to create and perform additional analysis outside of standardized Credit Analysis tools
  • Working knowledge of credit and accounts receivables computer programs. Preferred experience in PeopleSoft, TSYS, Credit Manager, Moody’s CreditLens and RiskCalc.

Interpersonal & Communication:

  • Demonstrated ability to establish strong relationships with superiors, peers, customers, and vendors.
  • Ability to maintain high customer service standards & handle escalated customer service issues.
  • Strong negotiation, problem resolution, and analytical skills.
  • Self-directed and motivated to act within decision-making authority. Seeks guidance from management as appropriate
  • Strong presentation skills combined with strong verbal and written skills
  • Accurately & consistently evaluates complex messages and responds appropriately to all issues and concerns
Job Type
Regular | Remote Work (from Maine)
Industry
Information Technology

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