What are the responsibilities and job description for the Wholesale Credit Delivery Analyst II position at Truist Bank?
Language Fluency: English (Required)
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108Please review the following job description:
The Wholesale Credit Delivery Analyst II is responsible for underwriting loan transactions, including completing all required financial and other due diligence, in order to make recommendations for new business-purpose (i.e. wholesale) credit requests. Role supports a growing national franchise with High Net Worth or Ultra High Net Worth clients within the Truist Wealth Advisory segment (average client relationship in excess of $25MM AUM) or Specialty business clients, such as Medical Practices or Law Firms, with an average revenue size of $50MM. The Credit Portfolio Manager will handle all loan requests above $10MM but some requests could be in excess of $100MM.The Wholesale Credit Delivery Analyst II primarily provides support to senior Credit Portfolio Managers. Provides analytical support and participates in credit underwriting and structuring. Provides support for portfolio management activities. Is developing a working knowledge of Truist loan solutions and the overall credit process.
Essential Duties and Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Independently structure loan terms, covenants and pricing to recommend deals to credit risk management. Role will handle the largest and most complex wholesale loan requests and borrower relationships within the wealth portfolio. Credit requests have a variety of business structures and deal complexity, and could include both owner-occupied and investor-owned commercial real estate, working capital facilities, yacht/airplane financing, corporate finance transactions, concentrated stock/highly structured securities-backed and unsecured facilities. Analyze historical and projected financial statements, tax returns, borrowing base statements, appraisals, loan collateral and other diligence items provided in support of the loan request. Identify key borrower and transaction risks, providing mitigants or otherwise proposing alternative loan structures where appropriate. Prepare concise, well-thought out credit packages, outlining transaction request and purpose; borrower overview including financial profile; strengths; risk & mitigants; and proposed recommendation for presentation to credit risk management. Negotiate legal documents; involved in the closing process for portfolio loan transactions. Manage end-end credit delivery process, in partnership with cross-functional partners such as internal legal and/or outside counsel, loan fulfillment, and loan servicing, in order to meet client expectations. Actively communicate throughout the process with the advisor team, and in some cases directly with the client, in order to manage expectations. Continuously act with a sense of urgency. Engage with clients and prospects to understand financial profile and discuss credit opportunities. Manage assigned portfolio by monitoring performance and trends, identifying issues early and following through for remediation. Coordinate credit and loan portfolio administration activities such as loan renewals and modifications, completion of periodic (at least annual) credit reviews, frequent review of financial statements and related internal risk ratings, management of covenant compliance and ongoing collateral monitoring. Have a strong understanding of industry and regulatory trends, including knowledge of competitors and loan market dynamics. Continuously monitor industry and regulatory trends for issues that could impact borrowers within loan portfolio. Typical competitors for the Wealth Advisory portfolio include: Goldman Sachs, U.S. Trust or J.P. Morgan and depending on the nature and size of the loan request, range from regional-based competitors to Wells Fargo, Bank of America and Citibank for the Specialty businesses.
Qualifications
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s degree, or an equivalent combination of education and work experience.
2. Two years of related financial services work experience
3. Strong analytical skills and attention to detail
4. Strong written and verbal communication skills
5. Competitive drive and high work ethic, self-starter, team-oriented
6. Solid leadership and interpersonal skills
7. High level of adaptability and flexibility with strong organizational and time management skills
8. Solid understanding of business
9. Advanced proficiency in Microsoft Excel and PowerPoint
Preferred Qualifications:
Completion of formal bank credit training program from a well-respected financial institution.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
