Underwriting Analyst I - Working Capital
Channel | Your Partner in Funding, Minnetonka, MN, United States
Job Type
Full-time
Position Responsibilities The Underwriting Analyst inputs and reviews finance applications from small to mid-sized businesses to determine the creditworthiness of the applicant, the size, and term of the financing offer. The position will operate within a fast-paced, high-volume environment and be accountable for quick decisioning on small ticket working capital applications up to $250,000.
The candidate will make independent decisions through evaluation of business and personal credit reports, financial and bank statements, tax returns and other credit information. Channel has a scoring model built on millions of data points to aid in decision making.
Key Responsibilities
Adjudicate credit and approve new finance applications of transactions $50,000 or less, within level of authority.
Make timely decisions with limited information.
Professionally communicate decisions to partners.
Build relationships and offer exceptional service to partners to ensure continued flow of business.
Communicate and work proactively with the sales team to help further penetrate relationships with existing and new customers.
Protect Channel from fraud and aid in pricing transactions for the appropriate risk.
Continuously identify and implement underwriting strategies to make Channel a recognized, differentiated leader in the working capital industry.
Keep abreast of industry and competitor trends.
Requirements Skills & Specifications
Strong math and analytical skills.
Must be able to multitask and be highly adaptable to change.
Must be detail-oriented with excellent organizational and time management skills.
Competitive drive and strong history of accomplishment.
Good interpersonal relationship skills and motivation for personal growth.
Required knowledge of computer systems and proficiency in Microsoft Office (Excel and Word).
An understanding of financial statements is preferred.
Education & Qualifications
0-2 years in a financial services, credit, or underwriting function.
Experience in a commercial underwriting function working with small businesses is a plus.
Associate's or Bachelor's degree or equivalent combination of education/experience is preferred.
#J-18808-Ljbffr
Position Responsibilities The Underwriting Analyst inputs and reviews finance applications from small to mid-sized businesses to determine the creditworthiness of the applicant, the size, and term of the financing offer. The position will operate within a fast-paced, high-volume environment and be accountable for quick decisioning on small ticket working capital applications up to $250,000.
The candidate will make independent decisions through evaluation of business and personal credit reports, financial and bank statements, tax returns and other credit information. Channel has a scoring model built on millions of data points to aid in decision making.
Key Responsibilities
Adjudicate credit and approve new finance applications of transactions $50,000 or less, within level of authority.
Make timely decisions with limited information.
Professionally communicate decisions to partners.
Build relationships and offer exceptional service to partners to ensure continued flow of business.
Communicate and work proactively with the sales team to help further penetrate relationships with existing and new customers.
Protect Channel from fraud and aid in pricing transactions for the appropriate risk.
Continuously identify and implement underwriting strategies to make Channel a recognized, differentiated leader in the working capital industry.
Keep abreast of industry and competitor trends.
Requirements Skills & Specifications
Strong math and analytical skills.
Must be able to multitask and be highly adaptable to change.
Must be detail-oriented with excellent organizational and time management skills.
Competitive drive and strong history of accomplishment.
Good interpersonal relationship skills and motivation for personal growth.
Required knowledge of computer systems and proficiency in Microsoft Office (Excel and Word).
An understanding of financial statements is preferred.
Education & Qualifications
0-2 years in a financial services, credit, or underwriting function.
Experience in a commercial underwriting function working with small businesses is a plus.
Associate's or Bachelor's degree or equivalent combination of education/experience is preferred.
#J-18808-Ljbffr