Scott Damkroeger

Experience

• 

  Textron Financial

  Jan 2000 - Nov 2009

  • Analyzed customer business and personal financial statements, personal credit bureau, and business history to assess risk associated with approving new credit facilities or increasing current credit facilities.• Created credit scoring model designed to approve or decline new credit facilities up to $250,000.• Monitored, tracked, and reported Credit department's production, providing senior management with necessary data to evaluate turn time, approval/decline percentage, number of files reviewed, and dollar amount of credit lines approved.• Worked closely with Sales, Operations, and customer, ensuring sound and timely credit decisions; coordinated with Documentation department to ensure accounts were properly documented and secured within policies and procedures.• Managed 150 letters of credit totaling approximately $14,000,000, including reviewing banks for financial acceptability, facilitating proper document verbiage, ensuring yearly renewal, and drawing funds when necessary.• Subsequent to Textron Financial Corporation’s decision to exit the inventory financing industry, transformed from role of growing receivables to liquidation of receivables, while continuing to review risk. Worked with Operations and senior management to successfully liquidate 70% of division's receivables during 2009.• Reviewed and approved Marine dealers for consignment credit facilities, assisting Textron Financial Corporation in liquidating repossessed inventory.• Performed risk analysis that determined best course of action in settlement / forbearance scenarios versus repossession scenario.• Supervised two Credit Analysts and two Documentation Analysts• Approved for credit authority of $500,000. Show less

  • Credit Underwriter

    Jun 2004 - Nov 2009

  • Account Manager

    Jan 2000 - Jun 2004
• 

  TCF Bank

  Nov 2009 - Jun 2021

  • Review and approve floorplan financing credit line requests up to $5MM for new customers and $10MM for existing customers.• Assess comprehensiveness, quality, and sufficiency of credit approval presentations and accuracy of risk ratings, confirming that obligor profiles are consistent with business segment credit risk appetite.• Responsible for hiring, training and development of a team of 11 Credit Analysts to underwrite commercial credit line requests in the lawn & garden, marine, RV, powersports, specialty, and construction floorplan financing industries.• Mentor and provide guidance to motivate employees and build competent teams; establish performance goals and provided methods for achievement.• Partner with executive management to evaluate credit strategies and identify opportunities to improve business process flows and productivity.• Work cross-functionally with Operations, Sales, Onboarding, Compliance, and Legal team leaders to ensure a positive customer experience from application to funding.• Identify potential problem credits and work with line of business to restructure credits and/or minimize risk for loss.• Collaborate to develop and amend policies and procedures as needed.• Develop measurement tools, dashboards and reports to track production and quality metrics.• Monitor industry trends, keeping current on latest changes and competition in industry. Show less • Analyzed customer business and personal financial statements, personal credit bureau, and business history to assess risk associated with approving new credit facilities, increasing existing credit facilities, and maintaining current credit facilities.• Analysis included, but was not limited to profitability, capitalization, liquidity, ratio, cash flow, trending, projections, credit ratings, and collateral analysis.• Complied with all aspects of bank's regulatory guidelines including Bank Secrecy Act, US Patriot Act, and OFAC.• Proactively and effectively communicated status of credit decisions to internal and external customers and responded to incoming inquiries in timely manner.• Negotiated policy exceptions and non-standard documentation with customers and worked closely with Legal and Documentation departments as necessary.• Negotiated and approved letters of credit with other banks, including verbiage and format compliance.• Approved for credit authority of $1MM. Show less

  • SVP, Underwriting Manager

    Sept 2016 - Jun 2021

  • VP, Senior Credit Manager

    Mar 2015 - Sept 2016

  • Credit Manager

    Jun 2012 - Mar 2015

  • Senior Credit Analyst

    Jan 2011 - Jun 2012

  • Credit Analyst

    Nov 2009 - Jan 2011
• 

  Huntington National Bank

  Jun 2021 - now

  SVP, Underwriting Manager

  • Huntington National Bank acquired TCF Bank in 2021. All other aspects of the role (below) remain the same.