Canon Financial Services in Burlington NJ is currently seeking a Credit Analyst - Equipment Lending (Analyst Risk). The Credit Analyst - Equipment Lending is responsible for making sound credit decisions within required turnaround times investigating and decisioning credit requests using all available credit resources. Required competencies include strong analytical communication negotiation and creative thinking skills with a thorough understanding of automated credit scoring and risk rating analytics. Team player regularly collaborating with other Risk Analysts and inside and outside sales representatives. Regularly communicates with originations documentation and collections/portfolio management departments to resolve risk management issues within appropriate guidelines. Supports automated credit scoring model maintenance and upgrades as needed by facilitating credit scoring enhancements in collaboration with the IT department.
This position is full time and offers a hybrid work schedule requiring you to be in the office Wednesday and Thursday and an option to work from home the remainder of the week (unless a specific business need arises requiring in office attendance on other days). Note that work schedules and office reporting requirements may change from time to time based on business needs.- Reviews and analyzes credit scoring metrics and risk ratings and quickly identifies material credit strengths and weaknesses to provide timely credit decisions
- Supports credit decisions with scoring model and supplementary data from commercial and personal credit reporting agencies and various web resources including but not limited to D&B Experian Moodys S&P Fitch A.M. Best NAIC AHD and SEC and FDIC filings
- Accurately spreads and analyzes financial statements and incorporates relevant financial metrics into credit reviews
- Reviews and decisions transactions within assigned authority including recommendations from junior Analysts and makes recommendations on transactions in excess of assigned authority
- Monitors credit lines and completes credit line renewals in a timely fashion
- Structures and appropriately documents credit approvals consistent with risk management guidelines
- Reviews and approves changes to contract terms and conditions within assigned authority
- Advises sales team on pended applications and facilitates the process of obtaining credit and financial information to decision pended transactions
- Regularly updates system comments to keep all parties informed of the status of all credit applications
- Ensures that dealer and customer concerns are resolved in a timely and appropriate manner without undermining risk management standards
- Develops and maintains effective working relationships with inside and outside sales teams and end user customers
- Negotiates complex credits to obtain favorable lease structures that win business without compromising credit standards
- Completes assigned training on or before the due date with required level of proficiency
- Other responsibilities as assigned
Contributes to attaining team and individual goals as defined or modified including:
- Individual and Team Application Turnaround Goals
- Team Approval Ratios
- Delinquency and charge off goals
- Proactively following up on pended applications to facilitate timely credit decisions
- Resolving appeals in a timely manner
- Facilitating credit scoring maintenance and updates as needed in collaboration with IT department
- Bachelors degree in a relevant field or equivalent experience required plus 3 to 5 years of related experience
- Decisioning lease/loan requests experience is required
- Equipment financing experience is required
- Bank credit training or other formal credit training a plus
- Strong working knowledge of automated credit scoring and financial modeling including business and consumer scoring model development adjustments and maintenance
- Ability to effectively negotiate and close structured approvals for challenging credits
- Clear understanding of equipment lease operations
- Ability to communicate effectively to resolve issues in a professional and congenial manner
- Working knowledge of lease accounting systems
- Team player and self-starter with high energy positive outlook and professional demeanor
- Career oriented with a focus on career growth in the equipment finance business
- Ability to handle multiple tasks and accurately complete assignments within expected time frames in a high volume environment
- Working knowledge of Google including Docs Sheets and Slides
- Strong interpersonal skills including rapport building listening and questioning skills
- Ability to work effectively in a fast-paced environment supporting all territories as needed including East Central and West zones
- Complete special projects as assigned
- Inventory Finance and/or Hard Asset underwriting experience and Broker experience are a plus
About our Company - Canon Financial Services Inc. (CFS) is a wholly-owned subsidiary of Canon U.S.A. Inc. Canon U.S.A. Inc. is a leading provider of consumer business-to-business and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $30.3 billion in global revenue its parent company Canon Inc. (NYSE:CAJ) ranks third overall in U.S. patents granted in 2022 and is one of Fortune Magazines Worlds Most Admired Companies in 2022. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A. sign up for the Companys RSS news feed by visiting and follow us on Twitter @CanonUSA. For media inquiries please contact .
Based on weekly patent counts issued by United States Patent and Trademark Office.Hybrid - This position offers a hybrid work schedule requiring you to be in the office Wednesdays and Thursdays and an option to work from home the remainder of the week (unless a specific business need arises requiring in-office attendance on other days). Note that work schedules and office reporting requirements may change from time to time based on business needs.
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Required Experience:
IC
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