Financial Risk Analyst

4 days ago


West Des Moines, Iowa, United States Watercress Financial Group LLC Full time

Company Overview

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Watercress Financial Group LLC is a leading financial institution providing innovative solutions to its clients. As a Credit Underwriter, you will play a crucial role in our success by adjudicating consumer credit applications and facilitating onboarding and account maintenance tasks.

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Salary and Benefits

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We offer a competitive hourly rate of $23.50 per hour based on experience, with the opportunity for advancement and professional growth. Our team values flexibility and work-life balance, offering a range of shift combinations to accommodate your needs.

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Job Description

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This position involves coordinating the credit approval process, including processing credit applications, initiating inquiries into customer bank and trade references, and assessing creditworthiness. You will also manage loan adjudication, evaluate supplementary documents, and document rationale behind loan decisions.

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Key Responsibilities

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  • Coordinate credit approval process, including processing credit applications and inquiries into customer bank and trade references
  • Assess creditworthiness of potential customers, establishing payment terms and credit limits, handling special credit arrangements, and deviations from standard terms of payment
  • Manage loan adjudication process by underwriting credit apps according to lending policies, evaluating risk, and ensuring quality of loan portfolio
  • Evaluate supplementary documents, condition loans accordingly, and document rationale behind loan decisions
  • Identify and log loans for exceptions, ensuring procedures are followed
  • Assist with establishment and implementation of credit policy, recommending adjustments as needed
  • Maintain knowledge of lending requirements, internal policies, and compliance and regulatory requirements
  • Strengthen and build lasting customer relationships with internal and external partners, including contractors, through friendly, efficient, and high-quality customer service
  • Follow security and safeguarding procedures to protect against losses due to fraud and/or money laundering
  • Assist contractors with payment solutions and understanding/utilizing our financial products/services
  • Track communication, activity, and action items within the Salesforce CRM and other network systems
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Qualifications

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  • Bachelor's degree (B.A.) or equivalent, or two to four years related experience within the financial sector, or equivalent combination of education and experience
  • Proficient in Microsoft Word, Excel, & Outlook
  • Excellent written and verbal communication skills
  • Strong knowledge of consumer credit and lending practices
  • Full capacity in assessing and evaluating consumer credit reports
  • Acute attention to detail and strong interpersonal skills
  • Excellent judgement with the ability to make timely and sound decisions
  • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
  • Commitment to excellence and high standards
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Requirements

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The ideal candidate will possess excellent communication skills, strong analytical abilities, and a solid understanding of consumer credit and lending practices. Experience in a call center environment is a plus, but not required.



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