Credit Analyst 2

WEX Midvale , UT 84047

Posted 1 week ago

WEX Inc. is a leading and growing global provider of payment processing, information management and fleet card payment solutions. We hire people who share our passion for continuous innovation and client service that is unparalleled in the industry. If you are looking for a growing career come be part of WEX today!

Job Scope:

New Accounts Processing & Analytics:

Processes commercial WEX Bank new credit applications. Investigates and analyzes credit information. Uses established guidelines and matrix to make approval/decline decisions, as well as apply broad-based knowledge of principles and practices to complete difficult decisions.

Essential Responsibilities:

Focuses on new applications, this can include Fleet, OTR, MC as well as pre-approvals for all WEX bank new opportunities. They will also focus on new applications that require financial statement analysis. Also completes risk analysis on individual new and existing accounts within assigned portfolio, including financial and industry analyses and evaluating economic trends. Identify potential exposure risks to the bank. Recommend improvements to strategy, policy and procedures. Utilize credit information to make complex credit decisions on applications, credit line increases and other requests in accordance with approved credit policy and established procedures. Decision credit requests within personal authority.

  • Determines the credit worthiness of all accounts not scored by the model, and makes those decisions based on broad-based knowledge of practices and industry standards.

  • Resolves complex credit problems with internal/external customers.

Presentations: Prepare and present complete and accurate credit packages for management and the bank credit committee recommending and supporting credit decisions.

  • Provides risk management through alerting management of extraordinary risk indicators and taking appropriate actions. Negotiates and manages credit decisions with customers and financial institutions.

  • Reviews and understands financial statements to be used in review process

  • Prepares credit files for account set-up

Email & Telephone queues: Answer appropriate portion of emails & calls in the assigned queues, providing timely and accurate responses.

  • Conducts credit line reviews received via customer and internal requests. Uses established guidelines and matrix to make approval/decline decisions, as well as apply broad-based knowledge of principles and practices.

  • Respond to customer, partner, or internal customer via phone, fax or mail.

  • Provides training and support to new credit employees and responds to internal credit-related inquires.

  • Additional projects as assigned by the manager

Requirements:

  • Knowledge of foreign currency conversions and ability to work in foreign currencies when evaluating credit.

  • Excellent knowledge and demonstrated use of credit and banking laws and regulations.

  • Strong working knowledge of Collateralization / Securitization.

  • Strong working knowledge of performance measures and management reports.

Technical

  • Excellent working knowledge of accounting and financial statement analysis.

  • Advanced computer skills including Word, Excel, PowerPoint, Outlook, and Windows.

  • Advanced skills with credit and accounts receivables computer programs. Experience with TSYS, PeopleSoft, or Siebel is preferred.

Education & Experience

  • College graduate preferred or equivalent work experience. Accounting, business, or finance degree preferred.

  • 5 years in credit/risk/collections

  • Credit Business Fellow (CBF) accreditation from NACM preferred

Must pass a successful background investigation

At WEX, we reward innovation, hard work and excellence. Benefits include:

  • Health Insurance

  • Dental Insurance

  • Vision

  • On Site Fitness Facility in South Portland location

  • 401(k) Plan

  • PTO

  • Life Insurance/AD&D

  • Dependent Life Insurance

  • Short- and Long-Term Disability Programs

  • Flexible Spending Accounts (Medical and Dependent)

  • Employee Referral Award Program

  • Employee Assistance Program

  • Tuition Reimbursement

  • Pet Insurance

  • Bonus Plan

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Credit Analyst 2

WEX