Credit Underwriting Analyst

About Us:

Iveco Capital is a leading financial services provider specializing in retail and wholesale lending, medium-term leasing, loans, direct sales through short-term factoring receivables and wholesale factoring product. We are committed to delivering innovative financial solutions to our clients and fostering a dynamic work environment for our employees.

The role:

The Credit Underwriting Analyst will be responsible for assessing the creditworthiness of potential borrowers, analysing financial statements, verifying credit bureau information, and making recommendations for medium-term leasing and loan products, as well as short-term factoring of receivables for direct sales. This role ensures compliance with company policies and risk management standards.

Key Responsibilities:

1. Credit Analysis:

• Conduct thorough credit assessments for retail lending applications, including medium-term leasing and loans or short-term factoring receivable for direct sales
• Analyse financial statements, credit reports, and other relevant documents to determine the creditworthiness of applicants.
• Ensuring that credit applications are processed within agreed company credit policies and the assigned delegation of authority, while respecting a timeframe that is acceptable to the business

1. Risk Assessment:

• Identify potential risks associated with lending and factoring transactions.
• Develop risk mitigation strategies and recommend appropriate credit limits and terms.
• Monitor and review existing accounts to ensure ongoing creditworthiness and compliance.
• ensure that all non-standard agreements and clauses are reviewed and discussed with Legal for compliance and validity

1. Decision Making:

• Prepare detailed credit reports and present findings to the proper stakeholders foreseen by internal Delegation of Authorities
• Take informed decision for approval, denial, or approval with condition
• Collaborate with sales and operations teams to ensure seamless processing and servicing of approved transactions.

1. Compliance and Documentation:

• Ensure all credit underwriting activities comply with company policies, industry regulations, and legal requirements.
• Maintain accurate and up-to-date records of credit assessments, decisions, and related documentation.
• Assist in the development and implementation of credit policies and procedures.

1. Customer Interaction:

• Communicate with applicants to gather necessary information and clarify any discrepancies.
• Provide exceptional customer service by addressing inquiries and resolving issues related to credit applications.

Requirements:

• Strong analytical skills with the ability to interpret complex financial data.
• Proficiency in financial modelling and credit analysis tools.
• Excellent written and verbal communication skills.
• Detail-oriented with strong organisational and time management abilities.
• Ability to work independently and collaboratively in a fast-paced environment.
• Possess excellent people skills and be an effective collaborator
• Experience with medium-term leasing and loan products.
• Familiarity with short-term factoring receivables and direct sales processes.