Job Description
ATTENTION MERCHANT CASH ADVANCE UNDERWRITERS
We are a Marketplace and Direct funder with multiple lending outlets. We are centrally located on Long Island in Melville New York.
We are looking for a new team member to join our underwriting team.
Sr. Underwriter Responsibilities;
• Determine Merchant's credibility and payback ability via in-depth review and verification of information;
• Issue MCA approvals or denials and set terms and rates;
• Assist in resolving problems that may arise on pending contracts;
• Interact with the internal sales team as needed.
• Ability to recognize positive and negative trends in credit performance;
• Detail-oriented with strong analytical skills;
• Ability to multi-task, work independently and prioritize in a fast-paced environment;
• Solid understanding of the MCA process;
• Underwrite merchant cash advance applications for creditworthiness in accordance with company underwriting guidelines.
• Review merchant financial statements.
• Provide technical and analytical guidance in gathering and analyzing financial information.
• Interface with Senior Management to discuss underwriting and risk decisions and strategies.
• Recommend procedures to enhance the overall performance and results of our underwriting departments.
Required Experience;
• Understanding of business objectives of the process, underwriting guidelines and financial goals.
•2+ years of experience in the MCA industry
• Proficient knowledge of financial statements, credit techniques, disbursement procedures and underwriting functions.
• Experience creating a credit/risk model a plus.
• Analytical skills and general banking and customer relationship skills.
• Advanced problem-solving skills and excellent communications and interpersonal skills. Education and Skills;
• Proficiency in Microsoft Office Suite, especially Excel required.
Salary; · Based on experience
Please email resume's to jdicanio@directmerchantfinance.com
