Position: 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 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 Loan Officers and/or Portfolio Managers. Their primary responsibility is to assist Renovo in writing quality loans swiftly, accurately, and efficiently with little compromise to production.
Responsibilities:
- Assists multiple Loan Officers and Portfolio Managers 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
- Makes recommendations and works with Loan Officers to structure loans and mitigate risk.
- Supports the approval to the credit team by demonstrating knowledge of the pertinent information for each deal.
- Provides centralized support on specific products for Portfolio Managers and Lending team(s)
- Responsible for maintaining the integrity of the existing Credit Policy and making updates to the policy as needed.
- Manages pipeline and load balancing activities proactively to ensure the timely submission of deals
- 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 Loan Officers and Credit approvers
- Process Efficiency/Continuous Improvement
- Effective Problem-Solving
- Loan Officer & Portfolio Manager
· Does the LO 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?
Ideal Candidate:
The ideal candidate for this role is someone who has at least two years of experience as a real estate Credit Analyst at a community bank or private lender.
· 1-2 years experience as a private lending credit analyst
· Candidate has to be living in the Chicagoland area or willing to relocate.
· Ability to work a hybrid schedule with majority of the week present in the office.
· Excellent communication skills
· Proactive and hands on person with a growth mindset who is eager and able to take on challenging assignments.
· Composed/thrives under pressure / problem solving & critical thinking skills.
· Demonstrated learning agility/intellectual curiosity; drives own development.
· Ability to quickly grasp concepts & analyze metrics.
· Strong technical skills, familiarity with POS systems – Salesforce a plus
· Proficiency in Microsoft Office, Excel & PowerPoint is required.
Behavioral Characteristics:
- Self-Motivated: You take on tasks 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: You always seek to find and develop creative solutions.
Renovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, gender identity and expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.
Renovo offers a 401k plan with employer match, paid time off, observance of company-paid holidays, medical, dental, vision benefits for employees and their dependents, maternity/paternity benefits and more.
Job Type: Full-time
Pay: From $75,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible schedule
- Flexible spending account
- Health insurance
- Paid time off
- Parental leave
- Professional development assistance
- Referral program
- Retirement plan
- Vision insurance
Schedule:
Education:
Experience:
- Credit analysis: 2 years (Required)
Work Location: Hybrid remote in Chicago, IL 60606
