Senior Underwriter

Accounting and Finance
Details:
Leasing
Small business lending
Vancouver
Bilingual
April 23, 2018
Updated on
June 27, 2018
Valid until

The successful candidate will be responsible for reviewing, analyzing, evaluating and approving a loan application.

Merchant Advance Capital Ltd. is a national financial services company that provides working capital to small and medium-sized businesses throughout Canada. The company is seeking an experienced Underwriter for their Head Office in Vancouver, British Columbia. This is an excellent opportunity to join a fast-paced team that boasts an exciting, dynamic, and progressive work environment.

The successful candidate will be responsible for reviewing, analyzing, evaluating and approving a loan application. He/she will be comfortable granting exceptions to company policy when necessary and delegating subsequent tasks to the administrative team. Applicants should have excellent organizational skills, be able to juggle competing priorities and perform underwriting tasks efficiently and a high degree of consistency and accuracy.

This role is best suited for an individual with an exemplary ability to think analytically and work efficiently under pressure. Attention to detail, prioritization, and time-management skills will be necessary for the long-term success of this role. The successful candidate will report to the Chief Risk Officer. Additional training will be provided.

Preference will be given to candidates who are bilingual (English and French) and have underwriting experience in leasing.

Employment Type: ASAP, Full Time, Monday to Friday

Location: Downtown Vancouver, British Columbia (Preference will be given to candidate's willing to relocate)

Duties & Responsibilities:

Assess and analyze loan applications; review, evaluate and analyze credit and financial history of applications including capacity to pay and to make final underwriting decision

Grant approvals in accordance with company

Provide rationale to managers in regards to the underwriting process and the analysis that took place where such applications are either approved or refused

Adhere to acceptable review timeframes for analysis of applications and underwriter best practices

Incorporate new (or changes to) policies and procedures in a live environment fluidly so as not to disrupt workflow for the underwriting unit

Answer queries from internal and external sales staff pertaining to applications submitted for analysis and/or exception approval from the underwriting team

Pinpoint fraudulent documents during analysis and report these to appropriate departments and the underwriting unit

Match and validate application information such as income, financial information, and credit ratings to make a final underwriting decision in the approval process

Prepare detailed internal reports

Make outbound merchant calls where required in order to collect additional underwriting information needed to make funding decision

Be able to interact with our internal statistical model

Responsible for all tiers of underwriting with emphasis on the highest underwriting tier

Ability to handle increased pressure and tight deadlines of top-tier deals and make the correct funding decision as they have a greater dollar impact on the book

Report findings to the credit committee and make appropriate follow up to close/decline the deal

Skills Required:

An understanding of small business lending

Demonstrated underwriting expertise with 1 to 5 years underwriting experience

Ability to understand and analyze financial reports

Ability to make informed underwriting decisions based on incomplete information and rushed timelines

Able to prioritize and handle multiple underwriting files and tasks in a time sensitive manner

Comfortable in a busy operation and ability to remain calm under pressure

Able to interpret, adapt to, and apply new underwriting policy guidelines and procedures

Excellent attention to detail and ability to cross-reference information for accuracy

Exceptional organization and time-management skills

Experience in the financial industry is considered an asset

Strong administrative skills with high interest to work in an administrative capacity and analyzing various documents

High level of computer literacy, Intermediate to Advance skill level in Microsoft Excel

Strong communication skills (verbal and written) such that decisions and instructions/guidance can be conveyed in a clear manner

Analytical, critical thinking and problem-solving skills

Ability to work autonomously in a team environment

Qualifications:

Preferably a graduate student from a Business program or similar field of study

Previous underwriting/financial industry experience is a must

High level of accuracy and attention to detail

Phone experience (preferred)

Bilingual (French) speaking preferred

Underwriting experience in leasing prefered

Experience using Salesforce (preferred)

As a part of our pre-screening please complete the following pre-screening assessment for the Senior Underwriter role.

We thank all applicants for their interest; however, only selected candidates for further consideration will be contacted.