Senior Underwriter

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Job description

Lendzi is actively searching for a self-motivated individual to join our growing team as a Senior Underwriter for merchant cash advance business loans. Lendzi is a leader in the FinTech space and is a direct lender that caters to small and mid-sized businesses through technology-driven financing. Where banks fail, Lendzi provides the capital solutions for businesses.

Recently founded in 2020, Lendzi is experiencing rapid growth and would like you to be the right fit to head our underwriting team. We will provide you with all the tools and support needed to achieve success; both professionally and financially. We are looking for a hungry individual who thrives in an environment where all eyes are on them to succeed. As Senior Underwriter you will play a pivotal role on our credit risk underwriting team by making credit decisions and managing our credit portfolio.

Duties and Responsibilities

• Primarily, you will underwrite. Analyze bank/credit card statements, analyze tax returns, and analyze credit reports
• Apply appropriate underwriting criteria to applications following published credit policy to ensure financial exposure is properly mitigated
• Read and analyze credit reports, merchant processing statements, bank statements, and financial statements to determine merchant's ability to support the exposure associated with their business type and requested parameters.
• Gather due diligence data from various locations, including but not limited to, third party vendor websites, the internet, client obtained data, etc to make approval/denial decisions within guidelines.
• Communicate timely with sales agents/offices to resolve pending items required for the approval of the application.
• Maintain an understanding of current, new and emerging fraud and risk trends within the industry.
• Identify gaps in processes, opportunities for improvement and assist in the development, training, and implementation.
• Exceptional time management and organizational skills.
• Extraordinary computer skills to monitor the underwriting departments deal flow and third-party workflow, as well as evaluating client applications.
• Exceptional people skills to communicate with sales, management, and third-party contractors.
• Performing extensive due diligence searches on each client submission that is eligible for an offer, including lien searches, landlord verifications, order credit reports, and background searches.

Requirements:

• 2+ years of experience in MCA underwriting OR 2+ years in Commercial Banking Underwriting
• Proficient knowledge in underwriting functions, an in-depth understanding of credit reports, income statements, balance sheets and tax returns
• Advanced problem-solving skills and excellent communications and interpersonal skills.
• Bachelor's degree.
• Studies focused in Accounting, Finance, and/or Economics is a plus.
• Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry, and competitive analysis and projections.
• Proficiency with Excel and data interpretation are a must; familiarity with Adobe and CRM platforms would be a plus.
• Proficiency in Microsoft Office Suite, especially Excel required.

Job Type: Full-time

Pay: $75,000-$85,000

Full Benefits

Equipment Provided

About Lendzi

Lendzi is a leader in online small business lending. Since 2020, our founders and management team has powered Main Street's growth through advanced lending technology and a constant dedication to customer service. This year alone, we have assisted businesses acquire more than 20mm in business capital across the United States and growing rapidly.

As part of our dedication to maintaining an inclusive and diverse workforce, Lendzi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Lendzi complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.