Underwriter | Scrabble & Jigsaw
Posted on November 7, 2024
Job Description
<div>Role Responsbilties-</div>
<div>Create, review, and maintain complex credit policies that improve the underwriting process while mitigating potential risks<br />
Innovate on the existing framework to allow for high, continued scalability.<br />
Maintain strong working knowledge of the company's policies and procedures and identify exceptions to a policy with potential resolutions.<br />
Responsible for the entire lifecycle of underwriting factoring transactions from pre-clearing, due diligence, approval, and funding, to post-close monitoring, including:<br />
Identify, collect, and complete an in-depth analysis of all documents necessary for transaction requests.<br />
Verify and evaluate the prospect's legal structure, financial statements, collateral, accounts receivables aging, permits, lien waivers, or other credit data.<br />
Rate the degree of risk involved, make a credit decision, and develop the optimal factoring package for each transaction.<br />
Manage signing and funding of the transaction agreement with all parties, and any necessary post-close line items, including acting on behalf of the servicing and collections team as needed.<br />
Build and monitor credit transaction KPIs on a regular basis to ensure portfolio performance.<br />
Analyze portfolio to continuously monitor concentration risks.<br />
Contribute to regular discussions with internal teams to create a strong collaborative environment and align proper expectations and usage of credit.<br />
</div>
<div> </div>