Senior Underwriter

1 week ago


New York, New York, United States Confidant Recruiting, Inc. Full time

A direct lender specialized in alternative finance for small businesses is looking for a Senior Underwriter with experience working on a variety of small business loans ranging from $100,000 to $10 million.

The ideal candidate should have a strong passion for enhancing credit analysis methods and will play a crucial role in the company's growing team in a lively and dynamic setting.

Key Responsibilities:

  • Due Diligence: Conduct thorough research on potential deals, including valuation, credit assessment, financial document scrutiny, merchant investigations, risk evaluation, and site visits.
  • Merchant Interviews: Interview merchants to assess creditworthiness and gather necessary information.
  • Collaboration: Work closely with the Processing team to finalize contracts and negotiate terms with external partners in the Business Development department.
  • Deal Presentation: Present pricing, terms, and conditions within the company's risk guidelines for eligible deals. Communicate funding offers to ISOs (Independent Sales Organizations) and/or merchants.
  • Mentorship: Provide guidance to junior underwriters on bank reviews, due diligence, stipulations, requirements, and pricing.
  • Renewals: Reach out for the renewal of eligible deals to ensure continued client support.

Qualifications:

  • Experience: Minimum of 3 years of underwriting experience in business financing.
  • Education: Bachelor's degree in Economics, Finance, Accounting, or a related field.
  • Skills: Strong valuation, financial modeling, and Excel skills. Excellent organizational and interpersonal communication skills.
  • Interest: A strong interest in financial markets and solid commercial instincts.
  • Familiarity with Small Business Lending, Working Capital, Term Loans, Factoring, Credit Card Processing, Payment Processing, Business Financing, and Business Lending.

This role requires being onsite full-time and offers a competitive base salary along with attractive benefits.



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