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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&#39;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&#39;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 /> &nbsp;</div> <div>&nbsp;</div>
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