Senior Credit Analyst - Franchise

We will consider candidates near our Edina MN office or possibly remote.

Position Overview

The Senior Credit Analyst – Franchise is responsible for underwriting large ticket (generally $2,000,000 ) commercial credit applications across a variety of verticals, with a primary focus on Franchise (and more specifically, the Quick Service Restaurant industry). The position will approve transactions within their delegated authority and present other transactions to senior management. This role requires a high degree of independence, as the candidate will be expected to bring knowledge and expertise in the Franchise/Quick Service Restaurant segment to hit the ground running and make informed underwriting decisions with minimal supervision.

Commitment To Internal Control

The incumbent accepts the responsibility for establishing and maintaining the internal control system associated with the essential duties and responsibilities of the functional areas that the incumbent manages.

Essential Duties And Responsibilities

(List in order of time spent)

• Review credit packages for accuracy and completeness.
• Communicate with all parties (both internal and external) in a professional manner via both phone and email.
• Underwrite and decision commercial credit transactions within delegated authority (to be determined based on experience). Primary focus on large ticket (generally $2,000,000 ) transactions within the Franchise vertical (and specifically Quick Service Restaurants), but also support all transactions within the Healthcare, Technology, Franchise, and Specialty Markets.
• Underwriting involves the spreading and analysis of financial statements and other relevant credit data/reports to determine the overall risk associated with the transaction.
• Underwrite and present transactions that exceed delegated authority to senior management.
• Research industries, markets, and equipment as needed.
• Perform ongoing covenant compliance testing.
• Perform other related duties as assigned by management.
• Act independently to assess and underwrite transactions, leveraging extensive industry knowledge to make sound credit decisions and recommendations to leadership.
  
  

KPI’s (Key Performance Indicators)

• Obtain & analyze public and private information such as Dun & Bradstreet reports, Paynet reports, Secretary of State corporate name verifications, Credit Bureau reports etc.
• Review and spread financials/tax returns to provide formative analysis regarding performance and trends. Familiarity with Moody’s Financial/Risk Analysis is important to assist with underwriting analysis.
• Completion of covenant compliance testing.
  
  

Responsibility And Decision-Making Authority

• Act independently; Decision-making within Company policy.
  
  

Management/Supervisory Responsibilities

• None.
  
  

Qualifications

• Well versed in interpreting commercial credit reports such as Dun and Bradstreet and Paynet as well as consumer credit reports.
• A strong understanding of financial statements (audits, tax returns, accountant prepared statements, etc.) and their analysis. This involves review of the income statement, balance sheet, and cash flow statement (and other supporting documentation) to determine the prospective customer's overall financial wellbeing and determining their capacity to repay.
• Knowledge of the Franchise industry, with a specific focus on Quick Service Restaurants, and how to properly underwrite and determine risk associated with these transactions. Beyond analysis of financial statements, this includes analysis of different franchises, enterprise valuations, appropriateness of borrower projections, deal structuring, establishing covenants, and judgment on the strength of ownership/management.
• Candidates should be self-motivated and possess a desire to learn.
• Familiarity with Word and Excel is requisite.
  
  

Competencies

• Results-oriented.
• Business Acumen.
• Need to Achieve.
• Thoroughness.
• Learning-oriented.
  
  

Education And Experience

• Four-year bachelor’s degree with a major in finance or management, or equivalent experience.
• Minimum ten years of equipment finance industry experience, with at least five years focusing on the Franchise/Quick Service Restaurant segment.
• Proven ability to independently underwrite and make credit decisions in the Franchise/Quick Service Restaurant industry, with a track record of successful transactions.
  
  

Licensing And Certification

N/A.

Tools And Equipment Used

• Personal computer, copier, phone, and other typical office equipment.
  
  

Working Hours

• Hours may vary and will require some evening work; frequently requires working 40-50 hours/week depending on business needs.
  
  

Travel

• Occasional travel related to attendance at industry seminars.
• Travel, from time to time, to meet with clients.
  
  

Physical Demands

• Digital dexterity and hand/eye coordination in operation of office equipment
• Light lifting and carrying of supplies, files, etc.
• Ability to speak to and hear customers and/or other employees via phone or in person.
• Body motor skills sufficient to enable incumbent to move from one office location to another.
  
  

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.

The position is (exempt/non-exempt) and the salary will be between $126,000.00 and $140,000.00 with an opportunity to earn (a discretionary annual bonus).

The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience and education.

Additional Benefits

• Medical, Dental, and vision plans
• 401(k) and matching
• Paid Time Off
• Company Paid Life Insurance
• Employee Assistance Program
• Training and Development Opportunities
• Employee Discounts