Underwriting Analyst III - Equipment Finance

Underwriting Analyst III

• Equipment Finance Channel
• 4.0 Minnetonka, MN Job Details $75,000
• $90,000 a year 3 hours ago Qualifications Microsoft Excel Data analysis skills Math Productivity software

Full Job Description Description:

The Underwriting Analyst inputs and reviews finance applications from small to mid-sized businesses to determine the credit worthiness of the applicant, size and term of the financing offer. The position will operate within our fast-paced high-volume environment and be accountable for quick decisioning on small ticket equipment finance applications up to $150,000. 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 datapoints to aid in the decision making. The best candidates will be self-motivated, team-oriented, and eager to be a part of a rapidly growing business. Key Responsibilities Adjudicate credit and approve new finance applications within $100,000

• 150,000 level of authority.

Make timely decisions with limited information. Professionally communicate decisions to our partners. Build relationships and offer exceptional service to our partners to ensure continued flow of business. Communicate and work proactively with the sales team to help further penetrate our relationships with existing and new customers. Protect Channel from fraud and aid in pricing transactions for the appropriate risk. Complete review and recommend approvals up to $100,000. Second Sign off Financial Statement analysis and continuously evaluate process improvement Continuously identify and implement underwriting strategies which make Channel a recognized, differentiated leader in the equipment finance industry. Keeps 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, have 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 proficient in Microsoft Office (Excel and Word). Must have an understanding of financial statements. Ability to work primarily out of our Minnetonka or Marshall MN offices. Education & Qualifications 5-7 years in a financial services, credit or underwriting function. Experience in a commercial underwriting function working with small businesses is a plus. Associates or Bachelor's degree or equivalent education/experience is preferred.