Credit Officer

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Requirements:

• A 4-year degree in any discipline, preference for Business Administration, Finance, Accounting, or Economics preferred, or equivalent experience.
• 7+ years of commercial credit underwriting experience in a commercial bank, investment bank, credit fund, or fintech company.
• Knowledge and experience in credit underwriting of equipment transactions is highly desirable.
• Strong technical skills including financial statement analysis and credit risk management.
• Excellent communication, presentation, and project management skills.
• Experience developing new credit underwriting policies and processes to address evolving business needs, focusing on data and process automation.

Responsibilities:

• Evaluate credit applications from small- to medium-sized businesses to assess creditworthiness, completeness, and compliance.
• Contribute to evolving Formic’s credit risk management processes and support both process improvement and capital markets initiatives.
• Work closely with various functions across the company to support the sales process while addressing risk and ensuring compliance with established policies.
• Support the sales and customer success teams internally and externally as the subject matter expert on the credit policy and credit underwriting processes.
• Conduct underwriting calls with customers, as necessary.
• Prepare credit memoranda that include financial analysis, repayment ability calculation, management structure, and guarantor reviews.
• Develop new credit underwriting strategies by evaluating underwriting performance, incorporating new data sources, and employing emerging technology.
• Identify technology and process improvements for streamlining and automating credit application/review process.