VP, Credit Officer

For this role, we will consider candidates located near our Norwalk, CT and 5 days per week in office.

Position Overview:

Reviews, underwrites, and processes new credit transactions typically ranging from $1.0MM to $25MM. Assist the SVP, Chief Credit Officer – Commercial Finance in formulating company credit policies and procedures. Assist in development and implementation of Mitsubishi HC Capital America, Inc. (MHCA)’s client account underwriting, portfolio management, and other related processes. Perform other hands-on administrative functions relating to underwriting, documentation, funding, and collateral valuations. Assist in training of staff hires focusing on departmental workflows and MHCA underwriting guidelines.

Commitment to Internal Control:

The incumbent must understand, abide, and uphold the system of internal controls related to the essential duties and responsibilities of the position.

Essential Duties and Responsibilities:

(List in order of time spent)

Credit

• Perform in-depth and accurate underwriting and financial evaluation of new business transactions within designated single signature authority on a timely basis, with a specific focus on Private Credit, Enterprise Value, Structured Finance, and Equipment Finance opportunities.
• Prepare and present initial prescreen to credit staff, including financial analysis, and address credit concerns in conjunction with sales staff.
• Prepare underwriting documentation for in-house and head office transactions in accordance with MHCA underwriting criteria with appropriate recommendations to SVP/Chief Credit Officer – Commercial Finance, and senior management with regard to transactions exceeding single signature authority.
• Coordinate third party resources as part of the due diligence process including field auditors and appraisers.
• Coordinate with sales and credit to onboard new clients (including establishing initial funding and operating procedures) and determine appropriate reporting requirements.
• Perform necessary administrative reporting, organization, and implementation of internal contracts in relation to the global portfolio risk management.
• Interact with the Documentation group to assure that the documents reflect the actual approval and commitment stipulated in their sign-off of the credit transaction.
• Proactively monitor client financial condition and identify any adverse trends to senior credit management.
• Provide timely support to MHCA new business origination efforts.
• Provide training and support continued knowledge of governing laws within the United States relating to perfection of MHCA security interests.

Reporting

• Collect all information from the IT Department relating to portfolio activity for purposes of reviewing and reporting on the MHCA portfolio.
• Review risk and collateral relating to MHCA investment risk and provide reporting, recommend underwriting guidelines relating to industries and types of collateral and risk ratings.

Miscellaneous

• Define, develop, implement, and report on credit policy and procedures.
• Provide superior customer service to both internal and external customers.

KPI’s (Key Performance Indicators):

• No Audit exceptions noted during the year.
• No losses due to Credit/Documentation deficiencies (Measured at FYE)

Responsibility and Decision-Making Authority:

• Act independently; Decision making within Company policy.
• Single Signature Credit Authority within MHCA credit guidelines

Management/Supervisory Responsibilities:

Competencies:

• Analytical Ability
• Creativity/Innovation
• Problem-solving
• Communications
  • Ability to Transmit Information
• Interpersonal Relationships
  • Ability to Work in a Team
• Technical and Professional; Detail-oriented
• Personal Qualities; Action-oriented
• Entrepreneurship
  • Partnership Skills
  • Client-oriented

Education and Experience:

• Minimum 15 years related experience with a comparable financial institution, including strong underwriting & structuring experience in Private Credit, Enterprise Value, Corporate Finance (Structured Finance, Cash Flow, M&A) and Equipment Finance transactions.
• Strong understanding of financial statement analysis and credit underwriting principals
• Familiarity with key contract terms related to various types of commercial finance transactions.
• BA/BS in Accounting, Business, or similar degree or equivalent experience; (MBA preferred)

Related work experience preferred, including:

• Completion of credit training and/or financial management program with specialty finance company
• Industry experience in Finance, Energy, Healthcare, and/or Information Technology
• Good client relations/interaction/presentation skills

Licensing and Certification: N/A

Working Hours:

Tools and Equipment Used:

• Personal computer, scanner, copier, phone, fax, and other typical office equipment

Travel:

Physical Demands:

• Digital dexterity and hand/eye coordination in operation of office equipment
• Light lifting and carrying of supplies, files, etc.
• Ability to speak to and hear customers and/or other employees via phone or in person.
• Body motor skills sufficient to enable incumbent to move from one office location to another.

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.

Salary Range: ($197,000 to $239,000) per year, plus a discretionary Bonus.

The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience, and education.

Additional Benefits:

• Medical, Dental and Vision Plans

• 401(k) and matching

• Generous Paid Time Off

• Company paid Life Insurance

• Employee assistance program

• Training and Development Opportunities

• Employee discounts