Senior Underwriter

Senior UnderwriterThe Senior Underwriter reports directly to the Sr. Operations Manager - Underwriting, and directly influences loan funding by offering or withholding approval of pending deals. The Sr.

UW works independently and as part of an underwriting team that is skilled at providing financing options for small and mid-sized businesses.Primary Responsibilities:Evaluate loan applications using a variety of reports and tools to make strong credit decisions (approval and funding amount decisions)Demonstrate excellent due diligence and attention to detail when processing deals by placing emphasis on time, quantity of contracts processed, and quality of contracts approvedMake recommendations on applications to approve or decline when the application exceeds their funding authority, and be able to defend the recommendation with supporting detailReview and interpret Commercial and Consumer Credit reportsReview all legal filings including UCC's, suits, judgments, liens, bankruptcies, and charge-offs and consider in the underwriting decisionReview bank statements to confirm monthly deposit volumes, sales volumes and account balances, and note any non-revenue items, suspicious transactions and consistent payments in or out of the accountConduct social media searches to confirm that the business has a web presence, and relevant social media reviews of the businessConduct merchant interviews when appropriate to better understand the business, the potential use of funds and the overall business viabilityReview and interpret financial statements, including income statement, balance sheet and cash flow, and be able to calculate and interpret key financial ratios to understand the health of a businessPartner with multiple departments to create best practices and to expedite loan processingTake ownership of funding decisions by understanding the risk/reward tradeoff and be able to support decisions with factsUnderstand current trends and patterns to recognize emerging fraud and emerging early default indicatorsFollow workflow processes to correctly identify needed supporting documentation, and perform all tasks accurately in accordance with the workflowReview available reporting to identify opportunities to improve the business by lowering losses, increasing approvals, lowering costs or increasing revenueKnowledge, Skills and Abilities:BA/BS in Business, finance or accounting; MBA or Master's in finance/Accounting preferredMinimum three years of experience in underwriting working for a reputable small business lending/funding company as an underwriterExtensive experience in financial analysisPrevious experience in a lead or supervisory role is a plusAbility to interpret and apply lending documentation, credit reports and income/asset calculations to make credit decisionsStrong communicator with excellent written and verbal communication skillsExceptional attention to detail, and analytical skillsExceptional organizational skills, adept multi-tasker and must maintain a heightened sense of urgencyProficient in risk analysis, loss mitigation and understanding of loan profitabilityEffective team player with the ability to work independently, exercise initiative and take ownership of projects, as well as work across functions to close loansCommitment to learn about key internal operating units at BFS Capital and how they relate to the underwriting function and how the underwriting process can be improvedWillingness to adopt best practices and to participate in continuous improvement of the underwriting functionWord, Excel, PowerPoint, Outlook, Skype and Internet proficiencyCompensation:BFS offers competitive salaries and benefits, including medical, dental and vision insurance options.