What are the responsibilities and job description for the Junior Credit Analyst position at LaundryLux?
Objective :
The LaundryLux Jr. Credit Analyst is responsible for supporting the creditworthiness of potential borrowers and assessing the risks associated with lending activities. This typically involves analyzing financial statements, credit reports, and other relevant data to determine the likelihood of repayment. The Jr. Analyst aims to support decision-making processes in funding by providing detailed assessments that help financial institutions make informed choices about extending credit. Additionally, they provide superior service and support to our customers.
Responsibilities :
- Collect and analyze financial data to support lending decisions.
- Assist in reviewing, analyzing and interpreting financial information.
- Assist with completing loan applications.
- Collaborate with team members and communicate findings to senior credit analysts or management to assist in decision-making processes.
- Research and identify process improvement opportunities and make recommendations to management
- Reconcile customer statements / billings
- Ensure collateral is perfected according to the approved credit decisions.
- Review loan package for accuracy and completeness including but not limited to business entity documents prior to preparing loan documents.
- Assists in the preparation of loan modification, renewal and extension documents of loans
- Collects and analyzes financial data to support lending decisions, including reviewing payment histories and evaluating any risk factors.
- Prepare Ad hoc documents as needed
- Enter applications into proprietary software
- Request and review insurance certificates to ensure sufficient coverage of collateral
- Perform other duties / projects as assigned
Required Skills / Abilities :
Education and Experience :
