Credit Manager

Credit Underwriter Position

Lead credit underwriter for $2.6 billion Penske Logistics business. Performing credit due diligence, financial statement analysis, business & industry risk assessment and preparation/presentation of requisite credit write-ups. Decision authority for individual transactions up to transaction exceeding $2 million annually. Prepare decision documents for transactions above $2 million annually. Ability to make prudent credit decisions, structure transactions adequately to mitigate bad debt, 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:

• Interface with the Genpact Credit Team. This will include twice weekly conference calls with the Team leader to address any concerns/doubts and provide training.
• Primary processor of Penske Logistics credit requests.
• Secondary processor of Penske Truck Leasing credit requests.
• Mentor Senior Credit Analysts
• Process security deposit refunds
• Review and edit higher level approval write-ups
• Interface with Sales organization regarding credit decisions and deal structuring
• Conference calls/customer visitations as needed
• Other projects and tasks as assigned.

Qualifications:

• Bachelor's degree is required in Accounting, Finance or other related fields.
• Master's degree preferred.
• Minimum 5 years of experience in credit and financial statement analysis, preferably in transportation equipment leasing.
• Minimum 3 years of experience in leading/supervising multiple associates and projects.
• Intermediate to advanced ability to understand and analyze financial statements
• Advanced ability to understand and familiarize yourself with D&B and other credit reports
• Advanced deal structuring ability to make the best possible underwriting decision
• Strong written and verbal communication skills
• Ability to interface with all levels of management both internally and externally
• Advanced MS Word skills
• Strong ability to work independently and self-directed
• Strong intellectual curiosity to delve into the numbers and evaluate the customer's financial condition
• Strong ability to make and communicate decisions and rationale
• 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.