Manager, Underwriting - Inventory Finance

Huntington National Bank • Schaumburg, IL • 7h ago

Description

Summary:

The Manager, Underwriting - Inventory Finance is responsible for leading and managing all day-to-day underwriting activities for assigned portfolios to deliver timely adjudications for new customer credit lines, increase in credit lines for existing customers, and ongoing reviews. Also, supervise underwriting staff responsible for conducting credit investigations and reviews, serve as a coach to analysts, develop their goals, provide ongoing feedback, and identify talent for growth.

Duties and Responsibilities:

Manage and supervise underwriting analysts to deliver timely decisions on new and increase in credit line requests.

Work closely with Portfolio Managers and Sales personnel to coordinate procurement of information needed for decisioning or re-arranging priorities to deliver on customer expectations.

Prepare credit write-ups for all underwriting requests in the assigned portfolio, including review and analysis of new applications and credit line increases on existing transactions, financial statement analysis including balance sheet, income statement, cash flow and ratio analysis.

Review and approve transactions within credit authority and make recommendations on those outsides of credit authority.

Responsible for quality of write-ups within and outside of credit authority

Ensure adherence to Credit Policy and procedures, work with other departments to improve understanding and compliance and work closely with internal and external assurance functions to understand and ensure regulatory and policy compliance including Customer Identification Procedures under BSA, as well as Equal Credit Opportunity Act (ECOA) requirements.

Engage as a subject matter expert (SME) on all activities that are required for a strong and complaint underwriting department; activities include but are not limited to:

improve technical underwriting skills, brevity in presentation of credit submissions, and risk rating accuracy.

drive consistency in credit write-ups

deploy effective credit process metrics to drive low error rates.

annual reviews are accurate and timely.

review term sheets and assist underwriting personnel in screening credit opportunities to ensure they meet HDF standards and strategies.

ongoing monitoring/ development of effective analytical tools

review and analyze business projections, principals, personal financial condition/credit bureau reports, security and legal documents, payment performance, etc.

Partner with Portfolio Managers, Onboarding Managers, and Sales to periodically review quality of deals and @type of information needed for adjudication with the goals of (a) maintaining a balance between customer expectations and HDF risk appetite, and (b) drive process efficiency.

Conduct periodic training to drive effectiveness and efficiency.

Conduct periodic productivity reviews of underwriting personnel; identify opportunities for improvements including training of personnel as required.

Review and recommend changes in credit authority of analysts as needed.

Manage and lead technical training for staff in collaboration with other Underwriting Managers for specific training in underwriting, credit analysis, structuring, presentation, coaching, and performance management.

Special projects as assigned by the Director, Underwriting including credit reporting changes, due diligence trips, etc.

Perform other duties as assigned.

Basic Qualifications:

Bachelor's Degree

8+ years commercial credit underwriting and/or portfolio management experience

Preferred Qualifications:

Previous management experience

CPA

Strong analytical ability and an understanding of the analysis of commercial financials.

Thorough knowledge of the state and federal laws and compliance regulations for loans.

Ability to work under critical time constraints. Strong time management and organizational skills and the ability to perform highly detailed and accurate work on multiple, concurrent tasks and manage workload for staff.

A high level of verbal and written communication skills to effectively convey credit worthiness and recommendations. as well as presentation skills.

Thorough knowledge of various software programs including Word and Excel, and the ability to quickly learn additional systems/software.

Strong customer service orientation

LI-Hybrid

LI-DK1

CML

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range:

$93,000 - $208,000 Annual Salary

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 Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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