Underwriter

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Job description

Underwriter

Location: San Francisco, CA (remote will be considered)

ApplePie Capital is an innovative, fast-growing small business lender focused exclusively on the franchise industry. Our channel is highly differentiated - we forge partnerships with top franchise brands, who deliver highly-qualified franchisee borrowers seeking capital to grow their franchise empire and escape the limitations of traditional financing.

To date we have originated over $1 billion in small business loans to franchisees, and our next step is to scale our success to become the premier one-stop shop for franchise finance, a $60B annual debt market. To get there, we're looking for team members with true grit, an entrepreneurial spirit, and a burning desire to make their mark.

ApplePie Capital is seeking an experienced Underwriter to join the team.

This role reports to our Chief Credit Officer & Head of Capital Strategy. You are a motivated team player who is passionate about critical thinking and analytics. You excel at understanding and interpreting risk, and have experience with data analysis and small business underwriting. You are a self-motivated problem solver, and thrive in a fast-paced environment where you will work with a strong existing team of Underwriting professionals. Primary responsibility is to review loan applications, perform credit and background checks, and evaluate business plans and/or business financials.

This full-time position is located at our headquarters in San Francisco's financial district (currently operating on a remote basis).

Key Areas of Responsibility

• Reviews financial statements and business forecasts and assesses applicant's likely ability to meet loan obligations
• Determines customer creditworthiness by studying credit application, obtaining credit reports, analyzing other information provided by applicant, comparing financials/forecasts to benchmarks, conferring with CCO and/or sales, obtaining additional information when required, and recommending loans for approve/decline and interest rate assignment
• Drafts pre-qualification letter and/or term sheet tailored to specifics of loan application under consideration
• Prepares comprehensive reviews and approve and price loans up to assigned authority
• Understands credit bureau and industry performance data
• Reviews and makes decisions on loan requests, including interest rate, up to assigned authority
• Discusses and communicates with customers and sales clearly regarding the specific situation and any missing information
• Prepares final loan file and document any exceptions or missing docs
• Perform Customer Identification Program, customer due diligence, and account risk rating for compliance with Bank Secrecy Act, OFAC, and USA PATRIOT Act
• Monitor applicant and account activity to 'Know Your Customer'
• Stay current on and comply with regulations and company policies; report suspicious activity and compliance risks to management

Skills/Strengths

• Acts with integrity and respect
• Self-motivated and strong work ethic
• Strong communication skills
• Team player who partners with sales team and understands the customer's situation
• Negotiates effectively
• Highly organized and disciplined
• Proactively identifies opportunities for process improvements
• Able to effectively manage multiple deals and customers simultaneously
• Keen attention to detail
• Analyzes and creatively solves problems

Education and Experience

• Bachelor's Degree (4 yr), preferably in an Accounting or Finance related field OR more than 4 years related experience
• Minimum of 3-5 years in a small business credit underwriting environment, including specific experience with detailed credit/financial analysis required
• SBA lending experience preferred
• Franchise lending experience highly preferred
• Salesforce experience
• Intermediate Excel skills

ApplePie Capital is an equal opportunity employer.

For more information about ApplePie Capital, visit .

Please submit your interest and resume to