Our client is a successful and growing SEC company that provides senior and mezzanine loans to companies in a variety of industries. The company is one of the most sophisticated and customer-focused lenders to middle market companies.
Due to continued growth and expansion of the company, they currently seek to fill a newly created Loan Analyst position. The Loan Analyst will conduct on-site due diligence on prospective and existing customers by examining business trends and collateral strengths and weaknesses. Collateral is evaluated by performing detailed substantive tests and analysis. Based on this analysis, the Loan Analyst independently evaluates the collateral and credit quality of the credit and makes appropriate recommendations.
1.Perform on-site field examinations of new business transactions and existing portfolio accounts.
a.For new business transactions, conduct an initial meeting with the investment officer and underwriter to gain a clear understanding of the transaction structure, terms and conditions per the term sheet and as further described in the initial client memo. Gain an understanding of any proposed collateral (when applicable) to secure the company's loan. Coordinate and discuss with the assigned Underwriting Officer or Audit Manager the scope of the diligence.
b.For recurring portfolio examinations, conduct an initial meeting with the loan officer to gain a clear understanding of the transaction structure, terms and conditions per the approval sheet, current account rating and servicing. Coordinate and discuss with the Audit Manager the scope of the diligence.
2.On-site review/testing of company records to verify the integrity of the financial data submitted; verify the accuracy of the collateral record keeping and systems. Through inspection and substantive procedures, verify the existence and valuation of collateral.
3.Discuss with management key financial trends and perform verification of financial statement accounts where appropriate.
4.Prepare a comprehensive report to document the filed examination findings and results of substantive procedures performed.
5.For new business assignments, assist the Underwriting Officer in his/her analysis of the company’s operations, collateral and financial performance. Assist where required in preparation of the Underwriting Officers report, models, etc.
* Bachelor's Degree, preferably in Accounting. CPA designation is preferred.
* 3-7 years of progressive accounting, auditing or commercial lending experience
* Excellent oral, written and presentation skills. Able to effectively work with all levels of the organization; positive attitude with a strong desire to succeed, learn and grow professionally. Proficient in Word and Excel.
SALARY: $65,000-$75,000 + Bonus
LOCATION: Greater Hartford, CT