Credit Manager

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Job description

About the Position:

Title: Credit Manager

Reports to: Credit Leader - The Americas

Location: Remote-eligible, within commutable distance to Norwalk, CT office for visits on occasion

Relocation: No relocation assistance will be provided

Position Overview:

In this position you will have the opportunity to actively support the Credit Leader - The Americas on enterprise wide risk projects and facilitate the credit risk management process in the United States, Canada and South America. This key position is responsible for reviewing credit applications and rendering a decision in accordance with Terex's Treasury credit approval policies and procedures. This candidate will actively work with Terex's business segments to increase incremental sales within acceptable risk tolerance and provide cross-functional expertise on other corporate initiatives and projects.

Responsibilities:

* Responsible for performing credit analysis for commercial financing transaction including loans, leases and lines of credit while assessing recourse and other forms of credit enhancements that may be required by Terex's funding partners.

* Proactively underwrite existing customers and prospective clients for lines of credit in accordance within the company's risk tolerance and guidelines to stimulate origination growth and improve Terex's market share and penetration.

* Provide consistent underwriting and structuring decisions that identify transactional risks and adequately mitigate any potential loss.

* Maintain acceptable underwriting turnaround time to ensure a timely deal cycle time to enhance customer satisfaction.

* Actively monitor macro and industrial trends with the company's portfolio while ensuring proper risk ratings on all accounts.

* Analyze financial statements, personal financial statements, individual and corporate tax returns and cash flow statements.

* Present underwriting analysis and credit write-up both orally and written to the company's Investment Committee and Terex's Senior Management.

* Maintain credit policies, procedures and underwriting practices that adhere to internal and external control standards and compliance requirements.

* Remain informed about the legal, compliance and market risk related issues involved within the commercial credit markets.

* Productively interact with Terex manufacturing businesses segments, dealers, funding partners, other team members, sales staff, operations, finance and Terex's Senior Management.

* Assist Terex's portfolio management team in identifying negative financial trends and financial analysis support to maintain the integrity of funding partners' and Terex's portfolio,

* Actively work with other members of the credit staff to properly manage workflow.

* Perform ad hoc analysis and/or participate in special projects on an as needed basis.

Required Qualifications:

* Bachelor's Degree

* 5+ years of commercial credit underwriting experience

Preferred Qualifications:

* 7+ years of commercial credit underwriting experience in the equipment manufacturing industry

* Strong written and verbal communication skills

* Proficient with standard Microsoft Office applications

* Formal bank credit training.

* Possession of prior credit and wiring authority.

* Prior experience with Salesforce CRM application.

Travel:

* Potentially up to 10 - 15%

Location: Norwalk, CT

Department: Finance

Job ID: 26541

Terex Overview:

Terex Corporation is a $3.1 billion publicly traded global manufacturer of lifting and material processing products and services. We are passionate about producing equipment that helps improve the lives of people around the world, and providing our team members with a rewarding career and the opportunity to make an impact. While our operations are global, each office or factory is a close-knit community. We value diversity, equity and inclusion, safety, integrity, respect, servant leadership, courage, citizenship, and continuous improvement. It's an exciting time to be part of the expanding manufacturing sector - come join us!

Additional Information:

It is the policy of the company to attract and retain the best qualified employees. We are committed to providing employment opportunities to the most qualified internal or external candidate based on work-related factors and without regard to non work-related factors including race, color, religion, national origin, gender, sexual orientation, gender identity, age, disability, or veteran status as a special disabled veteran, Vietnam Era Veteran, or other qualifying veteran.

The Company offers competitive salaries, advancement opportunities, and a full range of benefits, including paid vacation, 401(k), medical, dental, and vision.

Terex Corporation is an Equal Opportunity Employer and Affirmative Action Employer M/F/D/V.