Junior Underwriter Job at AB Hires and Consulting LLC, New York, NY

TjFZNStCd3N4eVVNTHUreHZKa01yRVN1Tnc9PQ==
  • AB Hires and Consulting LLC
  • New York, NY

Job Description

A data and tech driven SBM revenue based financing company, based out of Cedarhurst that is committed to providing their clients with superior financial solutions and have built their reputation on innovation and dynamism is seeking a detail-oriented and analytical Junior Underwriter to join their team! The Junior Underwriter plays a key role in supporting the underwriting process by evaluating the creditworthiness of businesses applying for funding. This position involves reviewing financial statements, assessing risk, and working closely with senior underwriters to make informed decisions. The ideal candidate is detail-oriented, analytical, and eager to learn the intricacies of underwriting in the cash advance industry. This role offers potential for commissions and bonuses based on performance.

Responsibilities:

  • Merchant Cash Advance (MCA) Underwriting: Assist in evaluating MCA applications by analyzing financial statements, credit reports, and other relevant data to assess the creditworthiness of potential clients.
  • Risk Assessment: Support senior underwriters in identifying potential risks associated with funding applications and help determine appropriate funding terms.
  • Collaboration with Junior Underwriters: Work closely with other junior underwriters to ensure consistency in the underwriting process and to share insights and best practices.
  • Documentation Review: Review and verify the accuracy and completeness of documentation provided by applicants, ensuring all necessary information is obtained for the underwriting process.
  • Data Entry: Accurately enter and update client information and financial data in the underwriting system.
  • Communication: Communicate with clients, brokers, and internal teams to gather additional information and clarify any discrepancies in applications.
  • Report Preparation: Assist in preparing underwriting reports and summaries for review by senior underwriters and management.
  • Compliance: Ensure all underwriting processes adhere to company policies and relevant regulatory requirements.
  • Continuous Learning: Stay up-to-date with industry trends, underwriting guidelines, and best practices to enhance underwriting skills and knowledge.
  • Support Senior Underwriters: Provide general support to senior underwriters in managing their portfolios and processing funding applications.
  • Other Duties as Assigned: Perform additional tasks as required to support the underwriting team and overall business objectives.

Qualifications:

  • Education: Bachelor’s degree in Finance, Business Administration, Economics, or a related field.
  • Experience: 1-2 years of experience in Merchant Cash Advance (MCA) underwriting or a related financial services role.
  • Technical Skills: Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint). Familiarity with underwriting software and financial analysis tools is a plus.
  • Analytical Skills: Strong analytical skills with the ability to interpret financial data and assess risk accurately.
  • Attention to Detail: Exceptional attention to detail, ensuring accuracy and thoroughness in all tasks.
  • Communication Skills: Excellent verbal and written communication skills, with the ability to interact professionally with clients and team members.
  • Organizational Skills: Strong organizational and time-management skills, with the ability to handle multiple tasks and deadlines.
  • Team Collaboration: Ability to work collaboratively with other junior underwriters and contribute to a team-oriented environment.
  • Willingness to Learn: Eagerness to learn and develop skills in underwriting and credit analysis.

Job Tags

Full time, Work at office,

Similar Jobs

Vanquish Inc.

Hardware Technician 2 Job at Vanquish Inc.

 ...Hardware Technician 2Location: Columbia, MD (On-site) Clearance Required: ActiveTS/SCI with Polygraph Compensation Range:$70,000-$85,000, depending on health benefit selection About Vanquish: Vanquish Inc. provides technology consulting services and managed... 

Uline

Corporate HR Associate Job at Uline

 ...Corporate Headquarters 12575 Uline Drive, Pleasant Prairie, WI 53158 At Uline, we believe its all about having good people and as a Corporate HR Associate, that starts with you . In this role you will serve as the Human Resources contact for recruitment and employee... 

Always Best Care Senior Services - Southlake/Denton

Looking for a reliable live- in Caregiver Job at Always Best Care Senior Services - Southlake/Denton

Always Best Care Argyle, Texas, is seeking a reliable live-in Caregiver for a great client. Must have live-in experience and be able to prove it. You will have your own living space, bathroom, and quiet time. Serious caregivers only. This would be starting asap. You must... 

Paycom

Email Marketer Job at Paycom

The Email Marketer will build, develop and measure email marketing campaigns to increase Paycoms client email marketing success and internal communication. Campaign development will be on behalf of many internal customers and include the client marketing, prospect marketing... 

Hive Group LLC

Master Scheduler (DHS/TSA) Job at Hive Group LLC

 ...Position Overview The Master Scheduler will support TSA by developing and maintaining branch-specific and integrated master testing schedules to ensure alignment with programmatic objectives and mission priorities. This role will coordinate schedule data across multiple...