World Business Lenders - Credit Officer

Description

 

The candidate will be trained in four disciplines where s/he will spend two to three months in each rotation. The above mentioned disciplines include roles within Loan Processing, Credit Review, Loss Mitigation and Credit Analysis departments of the company. Initially, the candidate will research, processes and analyze loan applications. Job responsibilities include working with Sales Officers to obtain borrower information and working with the Operations team to prepare the loan package. In time, the Credit Analyst is expected to attend the Investment Committee and present loan recommendations to the CEO and the Investment Managers.

Furthermore, the candidate will:
1. Analyze credit risk for loan applications,
2. Detect potential fraud
3. Examine data for patterns and correlations between portfolio variables,
4. Review legal documents such as contracts, mortgages, and lease agreements and present findings to the Investment Committee,
5. Discuss recovery strategies with outside legal counsel,
6. Value vehicular and real estate collateral,
This is an extremely hybrid job which requires a high level of communication and quantitative skills. The candidate will have extensive exposure to multiple departments within the firm along with a direct exposure to the CEO of the company. The rotational program is intended to train the candidate to effectively communicate credit concerns, formulate alternate loan structures and approve credits within prescribed credit authority.
  

Qualifications

 

The Credit Department is operationally critical towards completing the goals of the company. The nature of the job is time sensitive and requires attention to every detail. Therefore the candidate is expected to be well organized, hardworking and willing to stay the long hours if needed. Ability to apply logical thinking and analytical methods to real life situations is required.

 

Furthermore, the candidate should have:
• Strong ability to work independently,
• Experience with Microsoft Office products (Excel/ VBA, Access, Word and PowerPoint),
• Degree in Sciences, Technology, Engineering, Mathematics, Finance. Master’s preferred,
• Eligible to work in the United States immediately

Qualified candidates are requested to respond with resume and a short cover letter. Salary is in 30k-40k range depending on experience and qualifications.

To read more about the position, log in to your Career4Terps (C4T) account(http://www.careercenter.umd.edu/) and search for the job title.