Credit Specialist Position Available In Hudson, New Jersey

Credit Specialist Renovo Financial Hoboken, NJ 07030

• Hybrid work

Position:

Credit Specialist Who We Are:

Renovo Financial is a dynamic and fast-growing private lender and mortgage servicer based in Chicago, dedicated to partnering with real estate investors who acquire and renovate single

• and multi-family residential properties.

We take pride in delivering exceptional support to our clients, guiding them seamlessly from loan application to payoff with a commitment to unparalleled service. Our focus on reliability and a “win-win” approach has earned us an industry-leading repeat and referral rate, reflecting the strong relationships we build with our clients. We’re also honored to be recognized for our growth and workplace culture—named one of Crain’s 50 Fastest-Growing Chicago Companies and a Top Workplace by The Chicago Tribune in 2022, 2023, and 2024, as well as a Best Workplace by Inc. Magazine in 2023.

Position Summary:

The Credit Specialist plays a vital role in supporting high-performing Senior Credit Analysts. In this position, you will provide leverage on initial loan screening, executive summary composition, and help manage the risk of the pipeline and active portfolio. As a right hand to the senior CA, the specialist will be given the opportunity to learn the ins and outs of Renovo credit. Your effectiveness in this role will enhance the capabilities of both the Senior Credit Analyst and the team as a whole, enabling them to make more efficient and sound credit decisions. The combined goal of the specialist and Senior CA is to build a fluid team dynamic and credit process that will result in writing quality loans swiftly, accurately, and efficiently with little compromise to production. This position is eligible for overtime.

Ideal Candidate:

The ideal candidate for this role is someone who has any number of years of experience in the lending world, preferably at a community bank or private lender.

Responsibilities:

• Assists Senior CA 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 primarily for 1-4 asset classes to repeat clients.
• Coordinates with Senior CA to manage the existing portfolio in regard to loan extensions, modifications and covenant tracking
• Pre-emptively Identifies potential risks to the Senior CA
• Has an in-depth knowledge and understanding of the credit guidelines and policies in place
• Performs other duties and responsibilities as directed by the Senior CA and SVP of Credit.

Success Factors:

Risk Identification & Mitigation

• Did you appropriately analyze the risk of the deal and determine potential mitigants?

Facilitates effective communication between the Senior CA and other POD members Process Efficiency/Continuous Improvement Effective Problem-Solving Proactively provides leverage to Senior CA and POD members

Behavioral Characteristics:

• Self-Motivated:

  You take stuff on 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:

Always seeks 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 full-time employees a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, voluntary benefit offerings (life insurance and short-term disability), pre-tax FSA, commuter and dependent care benefits, maternity/paternity, hybrid work schedule, and more.

Job Type:

Full-time Pay:

From $55,000.00 per year

Benefits:

401(k) 401(k) matching Dental insurance Health insurance Paid time off Parental leave Referral program Vision insurance

Schedule:

Monday to

Friday Education:

Bachelor’s (Required) Ability to

Commute:

Hoboken, NJ 07030 (Required)

Work Location:

Hybrid remote in Hoboken, NJ 07030