Underwriting Analyst III - Equipment Finance

Overview 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 operates within a fast-paced high-volume environment and is accountable for quick decisioning on small-ticket equipment finance applications up to $150,000. The candidate makes independent decisions through evaluation of business and personal credit reports, financial and bank statements, tax returns and other credit information, aided by Channel’s scoring model built on millions of datapoints. Key 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 partners. Build relationships and offer exceptional service to partners to ensure a continued flow of business. Communicate and work proactively with the sales team to help further penetrate 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 that make Channel a recognized, differentiated leader in the equipment finance industry. Keep abreast of industry and competitor trends. Requirements - Skills & Specifications Strong math and analytical skills. Ability to multitask and be highly adaptable to change. Detail oriented, with excellent organizational and time management skills. Competitive drive and strong history of accomplishment. Good interpersonal relationship skills and motivation for personal growth. Proficient in Microsoft Office (Excel and Word) and required knowledge of computer systems. Understanding of financial statements. Must be able to work primarily out of our Minnetonka or Marshall, MN offices. Education & 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. Associate’s or Bachelor’s degree or equivalent education/experience is preferred. Salary: $75,000.00 - $90,000.00 + annual bonus. #J-18808-Ljbffr Channel | Your Partner in Funding