The Risk Management group of Siemens Financial Services-Commercial Finance is seeking an Underwriter to process small and mid-ticket transactions. You will primarily support the Vendor Industrial business, which includes Transportation, Manufacturing, Machine Tool, Material Handling and Construction.
Your primary function is to prepare rating and lending reports in support of new business derived from a variety of introducers and directly from the sales team. You will report into the front-end underwriting Team Leader located at the SFS Malvern, PA. office.
Your essential job functions will be as follows:
Gather information from (prospective) customers and industry sources with respect to proposed finance transactions, including but not limited to D&B, Paynet and personal credit reports.
Review and analyze customer financial statements and tax returns.
Prepare Credit and Risk Rating Reports for proposed transactions.
Establish customer borrowing limits and structure higher risk transactions, as needed.
Stay abreast of industry trends and developments.
Obtain a proficient knowledge of the SFS Credit Policy and Procedures, Risk Rating Methodologies and Transaction Risk Assessment.
Analyze mid ticket transactions in Vendor/Industrial sector. Analysis will include financial assessment and risk rating, debt capacity analysis, business model assessment, business plan analysis, sensitivity analysis, risk analysis, impact of document negotiations upon risk, and other analysis as the transaction dictates.
Review and interpret external rating agency reports.
Spread and analyze customer financial statements.
Prepare Credit and Risk Rating Reports.
Conduct in person and phone credit due diligence
Interact with and support sales colleagues and management.
Participate in any documentation negotiations with (prospective) customers. Work closely with Lease Administration and the Legal Department on documentation issues.
Provide assistance and complete tasks and project as needed and as the Risk Department may require.
Maintain data integrity and compliance with company policies and procedures.
Communicate credit decisions to internal and contacts.
Update and maintain key customer information including financial information and lending limits.
Required Knowledge/Skills, Education, and Experience
BA or BS degree in finance, business or a related field.
Minimum of 5-7 years of small ticket and/or middle market credit underwriting experience in a commercial (non-consumer) environment in Industrial markets such as Machine Tool, Transportation, Construction and Manufacturing. Completion of formal bank credit training program strongly preferred.
Ability to work independently and to make logical and confident lending recommendations and decisions.
Good interpersonal/communication skills and ability to develop and maintain good internal and external customer relationships.
Proficiency with MS Office applications (e.g. Excel, Word, Access, Powerpoint, etc.).
Strong technical writing skills. Ability to present information in a concise, logical manner to support credit decisions and recommendations to senior management.
Travel requirement is less than 10%.
Preferred Knowledge/Skills, Education, and Experience
Formal bank training in Lending/Cash Flow.
Experience in negotiating terms and conditions of transactional documents.
About Siemens Financial Services
Siemens Financial Services (SFS) Company provides business-to-business financial solutions. Aligning ourselves with the growth fields of electrification, automation and digitalization, we support customer investments with leasing solutions and equipment, project and structured financing. Our financial and industry know-how creates customer value and enhances customer competitiveness while building trust in new technologies and facilitating their market launch.