Asset Based Analyst , Spartan Job Code Number Classification Exempt
Reports to: Sr. Manager, Commercial Lending Date: 01/17/2022 JOB DESCRIPTION Summary/Objective The Asset Based Analyst will be responsible for underwriting middle-market asset-based lending transactions on the commercial platform , while supporting Relationship Managers with the credit process . The Asset Based Analyst will be required to think critically and analytically to develop and communicate insights used to extend credit, enhance the dealer experience, and minimize credit losses. This position will conduct due diligence, perform robust collateral analysis, and conduct financial statement and cash flow reviews. This individual will attend client prospect meetings, manage the due diligence process, gather information, and perform research to identify, quantify and mitigate underwriting risk inherent in an asset based- commercial lending function.
Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
New business: pre-screen and evaluate transactions, conduct due diligence, prepare credit approval memos on transactions that meet defined credit criteria in the pre-screen process, pitch transactions to credit committee to obtain credit approval, review legal documentation as needed, and participate in deal closing Ongoing business: underwrite credit renewals, extensions, and modifications for existing clients Assist with management of assigned portfolio accounts: monitor performance and covenant compliance, prepare collateral trend analyses and periodic/annual reviews, process amendments and waiver requests in a timely manner to meet client expectations, provide performance updates to managers, identify and act on warning signals, participate in portfolio reviews as needed Analyze collateral data, financial statements, and capital structures, conduct business/industry/competitor analysis to identify transaction risks and mitigants, recommend transaction structures appropriate to the opportunity, provide a recommendation to support or decline the transaction based on due diligence gathered, reviewed, and tested Maintain familiarity with Spartan policies, procedures, and underwriting standards Interface with other parts of the Spartan and ACA's business, such as Portfolio Reporting and Analysis, Funding, Bulk Acquisitions, Compliance, Legal as well as other departments such as Finance, Risk and Internal Audit Develop deep auto finance and dealership industry knowledge; analyze market trends Interface with clients (including brokers and intermediaries), as needed, to complete diligence process, as well as to assist the relationship management efforts Collaborate with team members to collect and analyze data based on recommendations and findings Structure large data sets to find usable information Qualifications Minimum of 2 years of credit of financial analysis experience, preferably in the commercial lending industry Minimum of a Bachelor's degree in Business Administration, Accounting, Finance or Economics Must have the ability to work with large databases and datasets for extraction and conversion into useful business and credit information Must have a solid understanding of financial statements and capital structures with strong analytical skills and an ability to question assumptions Carry out the Johnson Family of Companies' Guiding Principles: Integrity, Partnership, Humility, Principled Entrepreneurship, Initiative and Fulfillment Ability to successfully work in a fast-paced, dynamic, and collaborative environment where every day presents unique opportunities and challenges Ability to appreciate and thrive in an environment where self-direction, motivation, proactiveness, and problem-solving are required Strong verbal and written communication, time management, attention to detail, and organizational skills Experience with Microsoft Excel is a necessity; SQL is a plus Supervisory Responsibility This position has no supervisory responsibilities.
Work Environment and Physical Demands This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Position Type/Expected Hours of Work This is a full-time position. Hours and days of work may vary or exceed 40 in any given week depending on the needs of the business.
Travel This position will require up to 20% travel.
EEO Statement ACA provides equal employment opportunities (EEO) to all applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. ACA complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
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