Senior Credit Analyst

Caterpillar Inc.

Oct 20, 2024

Applications are closed

Job
Full-time
Senior & Expert Level
Accounting & Tax
Banking & Finance
Burlington

Requirements

Degree or equivalent experience desired
Bilingual proficiency in French - verbal and written, is considered a strong asset.
Demonstrated knowledge of and demonstrated ability to apply math computation skills
Demonstrated knowledge of and ability to apply financing and taxation principles.
Interprets profit and loss statements, balance sheets and financial forecasts.
Demonstrated knowledge of financing and leasing products and documentation principles.
Demonstrated knowledge of billing, invoicing, and dealer payment principles and concepts.
Demonstrated knowledge of PPSA filing requirements and their applicability to bankruptcy laws and regulations.
Advanced knowledge of and demonstrated ability to calculate amortization schedules.
Demonstrated knowledge of account collection procedures.
Resolves questions about finance and accounting policies and practices.
Identifies major categories of business risks.
Describes key issues and benefits of risk management practices.
Describes potential consequences associated with specific examples of business risks.
Makes use of organizational resources for risk avoidance and management.
Accurately gauges the impact and cost of errors, omissions, and oversights.
Utilizes specific approaches and tools for checking and cross-checking outputs.
Processes limited amounts of detailed information with good accuracy.
Learns from mistakes and applies lessons learned.
Develops and uses checklists to ensure that information goes out error-free.
Approaches a situation or problem by defining the problem or issue and determining its significance.
Makes a systematic comparison of two or more alternative solutions.
Uses flow charts, Pareto charts, fish diagrams, etc. to disclose meaningful data patterns.
Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions.
Identifies the major forces, events, and people impacting and impacted by the situation at hand.
Delivers helpful feedback that focuses on behaviors without offending the recipient.
Listens to feedback without defensiveness and uses it for own communication effectiveness.
Makes oral presentations and writes reports needed for own work.
Advanced knowledge of and demonstrated ability to prepare marketing reports and marketing related statistical reports.
Avoids technical jargon when inappropriate.
Looks for and considers non-verbal cues from individuals and groups.
Identifies the concepts and purposes of collateral evaluation.
Describes major activities performed and services provided in collateral management.
Documents general tools, methods and principles used in evaluating collateral.
Explains the technical terms used in collateral loans, such as Loss Given Default and Expected Loss.
Categorizes common measures of risk levels and credit-worthiness.
Advanced knowledge of and demonstrated ability to analyze customer credit summaries and past due accounts.
Resolves common types of credit risk issues.
Implements relevant internal and external procedures and regulations for credit analysis.
Utilizes the steps and requirements of the analysis and verification process.
Works with balance sheets and income statements to evaluate credit worthiness.
Analyzes data and makes all business decisions based on such analysis.
Selects examples of common red and green flags.
Explains the roles of FASB and general accounting principles in the analysis process.
Explains the relationship of balance sheets, income statements, and cash flows in the analysis process.
Examines financial statement for validity and general correctness; highlights problems or issues.

Responsibilities

Approves/rejects CFSL customer transactions within approved credit authority and recommends transactions beyond credit authority.
Negotiates and prepares financial transactions for documentation and funding with emphasis placed on complex transactions.
Assists in administration of wholesale and retail customer "loan" covenant compliance reviews, including on-site record and physical machine/inventory audits; May restructure customer deals.
Reviews the credit history, profitability and liquidity of clients to assess the risk level involved in credit extension or money lending.
Consults with customers to verify financial and credit transactions; responds to customer inquiries and resolves customer complaints.
Communicates with credit associations and other relevant authorities about the credit history of customers.
Performs training and provides guidance to other employees on the Credit Team.
May be charged with developing and maintaining department reports and dashboards.
Mandate to underwrite/recommend complex transactions up to $50M range for senior management approval; Underwrite and approve transactions with a personal credit authority of up to $1.5M.
Preferred candidate will have credit experience in asset backed lending along with a with minimum of $500K in credit lending authority.

FAQs

What are the primary responsibilities of a Senior Credit Analyst at Caterpillar?

The primary responsibilities include evaluating commercial financial requests, approving or rejecting customer transactions, negotiating financial transactions, conducting credit history reviews, communicating with credit associations, providing training to other team members, and maintaining department reports and dashboards.

Is knowledge of finance and accounting practices necessary for this role?

Yes, candidates should have a strong understanding of finance and accounting practices, financial analysis, and reporting to effectively evaluate credit requests and analyze financial statements.

What is the degree requirement for this position?

A degree or equivalent experience is desired for this role in the Credit Department.

Is bilingualism important for this job?

Yes, bilingual proficiency in French, both verbal and written, is considered a strong asset for this position.

What kind of credit experience is preferred for a Senior Credit Analyst?

Preferred candidates will have credit experience in asset-backed lending, along with a minimum of $500K in credit lending authority.

Does this position involve training others?

Yes, this role involves providing training and guidance to other employees on the Credit Team.

What are the required skills for analyzing financial statements?

Candidates should have a working knowledge of financial statement analysis, including the ability to evaluate creditworthiness through balance sheets, income statements, and understanding general accounting principles.

Are there opportunities for negotiation in this role?

Yes, the Senior Credit Analyst will negotiate and prepare financial transactions, particularly for complex deals.

What is the approval limit for transactions in this position?

The analyst has a mandate to underwrite and recommend complex transactions up to the $50M range for senior management approval and can underwrite and approve transactions with a personal credit authority of up to $1.5M.

Is experience in collateral management relevant for this role?

Yes, a basic understanding of collateral management concepts and the ability to implement collateral strategies for risk control are relevant for this position.

Caterpillar Inc.

We help our customers build a better, more sustainable world.

Manufacturing & Electronics

Industry

1-10

Employees

1925

Founded Year

Mission & Purpose

For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.