Senior Financial Analyst

Employment Type

: Full-Time

Industry

: Accounting



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Job Description


US Tech Solutions is seeking a “Senior Financial Analyst” for a 3+ Months contract position with a client in Salt Lake City, UT




The successful candidate will be responsible to:
• Monitor the ongoing financial condition and performance of the Borrower. Monitor covenant compliance. Monitor the value/condition of the collateral.
• In conjunction with Financial Advisor, maintain frequent communication with the Borrower and the Borrower’s financial advisors. Keep current on major developments and changes in financial condition and identification of potential additional financing needs.
• PM is required to keep the Financial Advisor informed of relationship status and action plans on an ongoing basis.
• Ensure loan documentation accurately represents the terms of the loan approval and permits Morgan Stanley to enforce its rights on the collateral in a default situation.
• Identify early warning signals in deteriorating credits. Perform regular financial, credit and lien checks. Check for covenant compliance. Make timely recommendations regarding changes in credit classification and risk rating. Develop/ implement remedial action plans.
• Provide input on due diligence on new credit requests, modifications, renewals and increases for existing clients including credit analysis, financial statement analysis, client calls and visits.
• Develop and negotiate structuring recommendations within framework of firm’s credit policy and philosophy. Produce high quality credit memoranda clearly outlining transaction, purpose, strengths, risks and mitigates.
• Make approval or decline recommendations. Articulate recommendation in a clear, concise and informed manner. Demonstrate acceptable level of preparation and knowledge.
• Work with internal and external legal counsel to prepare loan documents. Negotiate and execute loan documents.
• Work closely with the Operations area and Legal Department in preparation of amendments, waivers, and loan documents.
• Manage all loan requests within stated turn times unless justified as an exception. Manage expectations through active communication with FA and/or Sales Coverage.
• Provide guidance on procedures and transaction pricing and make recommendations where appropriate.
• Responsible for the integrity of Borrower’s loan data in Baker Hill, E profile, credit and documentation files.
• Ensure loan documentation conforms to terms and conditions of credit approval.
• Utilize credit authority (if delegated) in an appropriate manner in accordance with credit policies and procedures and protecting the interests of the firm.
• Responsible for maintaining accurate internal credit ratings.
• Responsible for ASC 310 analysis and recommendation of provision to the ALLL for the portfolio.
• Must escalate material individual relationship or portfolio observations promptly.

Experience
• Bachelor’s Degree required
• Minimum 4 - 5 years’ experience in private banking or commercial banking in lending and credit analysis
• Formal commercial credit training required


Tailored Lending- 4+ years experience


About US Tech Solutions:


Your talent, our opportunities - This is the premise behind US Tech Solutions.


You have the skill we have the opportunity. As a team, we work passionately for you to get the right career opportunity across industry verticals and functions. For past sixteen years, leading Global


Companies and Fortune 500 come to us to get the right talent. Whether you want to work as full-time, contractor or part-time, technical or non-technical our talent consultants will connect with the right career opportunity globally.


Connect with our talent team today.


USTECH was founded in 2000 by Manoj Agarwal. Today, we are a global firm offering talent solutions to 150 customers including 20% of Fortune 500 across Financial Services, Healthcare, Life Sciences, Aerospace, Energy, Retail, Telecom, Technology, Manufacturing, and Engineering. We are headquartered in New Jersey with 40 global locations across the USA, Canada, Europe, and India. Deloitte has recognized USTECH as one of the fastest growing private businesses for the past five consecutive years and INC 500 for the past three. We have also been rated “The Top Business in the US' by Diversity Business since 2011. To learn more about how US Tech Solutions visit our website: www.ustechsolutions.com.


“US Tech is an Equal Opportunity Employer' and “US Citizens & all other parties authorized to work in the US are encouraged to apply.'


Apply: Interested candidates are requested to send their resume to Sabboo at sabboo@ustechsolutionsinc.com




Job Requirements:

Job Description

US Tech Solutions is seeking a “Senior Financial Analyst” for a 3+ Months contract position with a client in Salt Lake City, UT


The successful candidate will be responsible to:
• Monitor the ongoing financial condition and performance of the Borrower. Monitor covenant compliance. Monitor the value/condition of the collateral.
• In conjunction with Financial Advisor, maintain frequent communication with the Borrower and the Borrower’s financial advisors. Keep current on major developments and changes in financial condition and identification of potential additional financing needs.
• PM is required to keep the Financial Advisor informed of relationship status and action plans on an ongoing basis.
• Ensure loan documentation accurately represents the terms of the loan approval and permits Morgan Stanley to enforce its rights on the collateral in a default situation.
• Identify early warning signals in deteriorating credits. Perform regular financial, credit and lien checks. Check for covenant compliance. Make timely recommendations regarding changes in credit classification and risk rating. Develop/ implement remedial action plans.
• Provide input on due diligence on new credit requests, modifications, renewals and increases for existing clients including credit analysis, financial statement analysis, client calls and visits.
• Develop and negotiate structuring recommendations within framework of firm’s credit policy and philosophy. Produce high quality credit memoranda clearly outlining transaction, purpose, strengths, risks and mitigates.
• Make approval or decline recommendations. Articulate recommendation in a clear, concise and informed manner. Demonstrate acceptable level of preparation and knowledge.
• Work with internal and external legal counsel to prepare loan documents. Negotiate and execute loan documents.
• Work closely with the Operations area and Legal Department in preparation of amendments, waivers, and loan documents.
• Manage all loan requests within stated turn times unless justified as an exception. Manage expectations through active communication with FA and/or Sales Coverage.
• Provide guidance on procedures and transaction pricing and make recommendations where appropriate.
• Responsible for the integrity of Borrower’s loan data in Baker Hill, E profile, credit and documentation files.
• Ensure loan documentation conforms to terms and conditions of credit approval.
• Utilize credit authority (if delegated) in an appropriate manner in accordance with credit policies and procedures and protecting the interests of the firm.
• Responsible for maintaining accurate internal credit ratings.
• Responsible for ASC 310 analysis and recommendation of provision to the ALLL for the portfolio.
• Must escalate material individual relationship or portfolio observations promptly.

Experience
• Bachelor’s Degree required
• Minimum 4 - 5 years’ experience in private banking or commercial banking in lending and credit analysis
• Formal commercial credit training required

Tailored Lending- 4+ years experience

About US Tech Solutions:

Your talent, our opportunities - This is the premise behind US Tech Solutions.

You have the skill we have the opportunity. As a team, we work passionately for you to get the right career opportunity across industry verticals and functions. For past sixteen years, leading Global

Companies and Fortune 500 come to us to get the right talent. Whether you want to work as full-time, contractor or part-time, technical or non-technical our talent consultants will connect with the right career opportunity globally.

Connect with our talent team today.

USTECH was founded in 2000 by Manoj Agarwal. Today, we are a global firm offering talent solutions to 150 customers including 20% of Fortune 500 across Financial Services, Healthcare, Life Sciences, Aerospace, Energy, Retail, Telecom, Technology, Manufacturing, and Engineering. We are headquartered in New Jersey with 40 global locations across the USA, Canada, Europe, and India. Deloitte has recognized USTECH as one of the fastest growing private businesses for the past five consecutive years and INC 500 for the past three. We have also been rated “The Top Business in the US' by Diversity Business since 2011. To learn more about how US Tech Solutions visit our website: www.ustechsolutions.com.

“US Tech is an Equal Opportunity Employer' and “US Citizens & all other parties authorized to work in the US are encouraged to apply.'

Apply: Interested candidates are requested to send their resume to Sabboo at sabboo@ustechsolutionsinc.com



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