Credit Analyst

Position Summary :

The role will be responsible for underwriting credit transactions for Penske Truck Leasing and Penske Logistics, performing credit due diligence, financial statement analysis, business & industry risk assessment and preparation/presentation of requisite credit write-ups. Ability to make prudent credit decisions, structure transactions adequately, and communicate same to internal and external customer to maximize collectible revenue for the company. Significant written and verbal interaction with internal and external customers on a daily basis.

Major Responsibilities:

• Underwrite credit transactions up to assigned credit authority.
• Deal structuring and negotiations with customers and Sales.
• Customer research.
• Prepare approval documentation for transactions above credit authority.
• Review credit related contract documentation.
• Other projects as assigned by the supervisor

Qualifications:

• Bachelor's Degree required, concentration in Accounting/Finance required.
• Master's Degree preferred
• 1 to 3 years of experience in banking or commercial equipment leasing.
• Must be able to understand and analyze financial statements, business credit information and market news to understand a customer’s credit worthiness.
• Ability to synthesize financial information with credit bureau information required.
• Must be able to utilize deal structuring tools to make the best possible underwriting decision required.
• Ability to go beyond raw numbers and ratios to fully understand a customer’s financial and operating condition required.
• Must be able to coordinate multiple deals in different stages simultaneously.
• Must have strong organizational & Communication skills.
• Excellent MS Office suite skills required.
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.

Physical Requirements:

• The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.

• While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.

• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Penske is an Equal Opportunity Employer

About Penske Truck Leasing/Transportation Solutions

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.

Job Category: Finance/Accounting

Job Family: Finance

Address: 100 Gundy Drive

Primary Location: US-PA-Reading

Employer: Penske Truck Leasing Co., L.P.

Req ID: 2501747