Senior Underwriting Analyst: Fast, Data-Driven SMB Financing

Channel | Your Partner in Funding; Minnetonka (MN); On-site; USD 75,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision plans

HSA and FSA options

Life insurance and disability

Generous PTO policy

Employer-matched 401K

Job summary

Channel is a leading equipment finance provider based in Minnetonka, MN. We are seeking an Underwriting Analyst to assess finance applications from small to mid-sized businesses and determine credit worthiness, with financing offers up to $150,000 in a fast-paced environment.

You will review credit reports, financial statements, tax returns, and other credit information, using a scoring model to support quick, accurate decisioning for our partners.

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.

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.

Skills

Math & analytics

Adaptability

Attention to detail

Competitive drive

Interpersonal skills

Understanding financial statements

Education

Associates or Bachelor’s degree or equivalent education/experience

Tools

Microsoft Office

Excel

Word

Job description

Channel is a leading equipment finance provider based in Minnetonka, MN. We are seeking an Underwriting Analyst to assess finance applications from small to mid-sized businesses and determine credit worthiness, with financing offers up to $150,000 in a fast-paced environment.

You will review credit reports, financial statements, tax returns, and other credit information, using a scoring model to support quick, accurate decisioning for our partners.