Senior Credit Analyst

 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