Underwriting Associate
About the role:
Underwriting Associates will review, underwrite, structure and document new and renewal term and revolving credit products for the SMB market. The successful candidate will be responsible for identifying, gathering, and analyzing relevant information to assess credit risk, determine sources of repayment, create appropriate loan structures, approve/decline the credit request, and ensure compliance with applicable regulations, credit policy, credit procedures, and the company’s credit philosophy in an effort to mitigate loss, delinquency and overall risk.
What you’ll be doing:
- Underwrite loans in accordance with company guidelines
- Analyze application data including tax returns, financial statements, bank statements, and business and personal credit reports
- Determine credit worthiness and appropriate loan structure
- Conduct phone interviews with prospective clients
- Evaluate and provide recommendations for policy exceptions
- Provide mentorship and training to Junior Underwriters
- Perform other duties as assigned by Manager
We’re excited about you if you have:
- Bachelor’s Degree in Finance, Economics or related discipline
- 3-5 years of commercial lending, credit, or underwriting experience
- Solid credit fundamentals in a commercial environment. Formal credit training is a plus.
- Strong analytical and intuitive investigative skills
- Ability to read, analyze and interpret business financial statements
- Ability to solve practical problems and interpret a variety of instructions furnished in oral, written, or schedule form
- Ability to manage multiple tasks and prioritize workflows
- Strong independent decision-making capabilities
Our Enova SMB Team:
To our customers, we have three different brands focused on small business--OnDeck, Headway, and The Business Backer. Within the company, though, we know all brands are really one single team. Team members in Denver, NYC, Cincinnati, Virginia, and Chicago offices work together closely to ensure we are offering a best in class experience for our small business customers, and our various partners in the industry.
About Enova:
Enova is a leading financial technology company providing online financial services through its AI and machine learning powered lending platform. Enova serves the needs of non-prime consumers and small businesses, who are frequently underserved by traditional banks. Enova has provided more than 7 million customers with over $40 billion in loans and financing with market leading products that provide a path for them to improve their financial health. Want to learn more? Just ask any of our almost 1,500 employees.
Our goal at Enova, we believe that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. It is our policy to provide equal employment opportunity for all persons and not discriminate in employment decisions by placing the most qualified person in each job, without regard to any other classification protected by federal, state, or local law. California Applicants: Click here to review our California Privacy Policy for Job Applicants.
