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
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Adjudicate credit and approve new finance applications within $100,000-$150,000 level of authority.
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Make timely decisions with limited information.
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Professionally communicate decisions to our partners.
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Build relationships and offer exceptional service to our partners to ensure continued flow of business.
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Communicate and work proactively with the sales team to help further penetrate our relationships with existing and new customers.
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Protect Channel from fraud and aid in pricing transactions for the appropriate risk.
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Complete review and recommend approvals up to $100,000.
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Second Sign off
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Financial Statement analysis and continuously evaluate process improvement
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Continuously identify and implement underwriting strategies which make Channel a recognized, differentiated leader in the equipment finance industry.
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Keeps abreast of industry and competitor trends.
Requirements:
Skills & Specifications
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Strong math and analytical skills.
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Must be able to multitask and be highly adaptable to change.
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Must be detail oriented, have excellent organizational and time management skills.
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Competitive drive and strong history of accomplishment.
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Good interpersonal relationship skills and motivation for personal growth.
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Required knowledge of computer systems and proficient in Microsoft Office (Excel and Word).
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Must have an understanding of financial statements.
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Ability to work primarily out of our Minnetonka or Marshall MN offices.
Education & Qualifications
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5-7 years in a financial services, credit or underwriting function.
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Experience in a commercial underwriting function working with small businesses is a plus.
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Associates or Bachelor’s degree or equivalent education/experience is preferred.
