Sr. Credit Analyst

Company: Renovo Financial, LLC
Location: Chicago
Posted on: April 10, 2021

Job Description:

Position: Senior Credit Analyst
Who We Are:Renovo Financial is a rapidly-growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo's reliability and "win-win" solutions-oriented approach is just one reason why our repeat and referral rates far exceed the industry average. Renovo was honored to be named one of Crain's 50 fastest-growing Chicago companies.
Position Summary:The position of Senior Credit Analyst is responsible for gathering and analyzing credit information on current and potential borrowers, determines the advisability of granting credit for diversified types of loans, & is the right-hand credit resource for Renovo's VP of Lending. Their primary responsibility is to assist Renovo in writing quality loans swiftly, accurately, and efficiently with little compromise to production.
Ideal Candidate:The ideal candidate for this role is someone who has at least three years of experience as a real estate Credit Analyst at a community bank or private lender.Responsibilities:- Assists VP of Lending in performing pre-qualification assessment and analysis of Borrower's financial condition- Compiles data from credit bureaus, tax returns, and statement of assets etc. for analysis- Prepares clear and precise executive summaries for presentation of proposed loans- Coordinates with VP of Lending to manage the existing portfolio in regards to loan extensions, modifications and covenant tracking- Makes recommendations and works with VP of Lending to structure loans and mitigate risk.- Oversees the vetting process for potential new appraisers- Supports the VP of Lending during Credit Committee by demonstrating knowledge of the pertinent information for each deal.- Responsible for maintaining the integrity of the existing Credit Policy and making updates to the policy as needed.- Performs other duties and responsibilities as required.
Success Factors:--- Risk Identification & Mitigation - Did you appropriately analyze the risk of the deal and determine potential mitigants?--- Facilitates effective communication between the VP of Lending and Credit Committee--- Process Efficiency/Continuous Improvement--- Effective Problem-Solving--- VP Review o Does the VP believe on a scale of 0-10, as their business partner, you helped them identify and mitigate risk, fully understand their deals, and spent your time on things important to the loan decision?
Behavioral Characteristics:- Self-Motivated: You take stuff on without waiting to be told what to do- Positive Attitude: You approach situations with a proactive and positive attitude- Determined: You stay on course even during difficult assignments and you crave opportunity for advancement- Team Player: You believe that to be successful you need to leverage and trust your team. You lead by example.- Openminded: Always seeks to find and develop creative solutions

Keywords: Renovo Financial, LLC, Chicago , Sr. Credit Analyst, Professions , Chicago, Illinois