Underwriting Analyst III - Equipment Finance in Minnetonka, Minnesota at Channel

The Underwriting Analyst inputs and reviews finance applications from small to mid-sized businesses to determine the credit worthiness of the applicant, size and term of the financing offer. The position will operate within our fast-paced high-volume environment and be accountable for quick decisioning on small ticket equipment finance applications up to $150,000.

The candidate will make independent decisions through evaluation of business and personal credit reports, financial and bank statements, tax returns and other credit information. Channel has a scoring model built on millions of datapoints to aid in the decision making.

The best candidates will be self-motivated, team-oriented, and eager to be a part of a rapidly growing business.

Key Responsibilities

• Adjudicate credit and approve new finance applications within $100,000-$150,000 level of authority.
• Make timely decisions with limited information.
• Professionally communicate decisions to our partners.
• Build relationships and offer exceptional service to our partners to ensure continued flow of business.
• Communicate and work proactively with the sales team to help further penetrate our relationships with existing and new customers.
• Protect Channel from fraud and aid in pricing transactions for the appropriate risk.
• Complete review and recommend approvals up to $100,000.
• Second Sign off
• Financial Statement analysis and continuously evaluate process improvement
• Continuously identify and implement underwriting strategies which make Channel a recognized, differentiated leader in the equipment finance industry.
• Keeps abreast of industry and competitor trends.

Skills & Specifications

• Strong math and analytical skills.
• Must be able to multitask and be highly adaptable to change.
• Must be detail oriented, have excellent organizational and time management skills.
• Competitive drive and strong history of accomplishment.
• Good interpersonal relationship skills and motivation for personal growth.
• Required knowledge of computer systems and proficient in Microsoft Office (Excel and Word).
• Must have an understanding of financial statements.
• Ability to work primarily out of our Minnetonka or Marshall MN offices.

Education & Qualifications

• 5-7 years in a financial services, credit or underwriting function.
• Experience in a commercial underwriting function working with small businesses is a plus.
• Associates or Bachelor’s degree or equivalent education/experience is preferred.