Underwriter

Underwriter

We are a dynamic and established financial services firm specializing in merchant cash advances, dedicated to empowering small and mid-sized businesses with fast, accessible working capital solutions. Operating from our efficient Brooklyn headquarters, we pride ourselves on a streamlined, professional environment that fosters collaboration and innovation. Our focus is on low-risk funding options, ensuring sustainable growth for our clients across various industries such as restaurants, retail, construction, and more. With a commitment to ethical practices and rapid decision-making, we help businesses thrive without the bureaucracy of traditional lending, all while maintaining a supportive team culture that values hard work and efficiency.

As an Underwriter, you will play a pivotal role in our operations by evaluating and approving funding applications for merchant cash advances. This in-office position, based in Brooklyn, NY, requires a keen analytical mind and a strong understanding of low-risk financial assessments. You'll work closely with our expert team to ensure that funding decisions align with our conservative risk profile, avoiding high-risk scenarios to protect both our firm and our clients. This role demands precision, quick thinking, and a proactive approach in a fast-paced environment where your contributions directly impact business success stories.

Responsibilities

• Conduct thorough reviews of merchant cash advance applications, analyzing financial statements, credit reports, bank records, and business performance metrics to assess viability and risk.
• Perform detailed underwriting for low-risk funding requests, ensuring all advances comply with internal guidelines and regulatory standards while minimizing exposure to high-risk merchants.
• Collaborate with sales and funding teams to discuss application details, provide feedback on offers, and facilitate same-day approvals where appropriate.
• Manage syndication processes for approved loans, including allocating budgets for partnerships and coordinating with external syndicators to expand funding opportunities.
• Monitor ongoing portfolio performance, identifying trends and recommending adjustments to underwriting criteria to maintain a low-risk focus.
• Maintain accurate documentation and records for all underwriting decisions, contributing to efficient office workflows and compliance.
• Stay updated on industry trends in merchant cash advances, applying best practices to enhance decision-making in our super-efficient operational setup.

Qualifications

Compensation

Salary is commensurate with experience, starting at approximately $100,000 annually, with potential for higher based on demonstrated expertise in low-risk MCA underwriting. In addition to base salary, the role includes a dedicated budget for initiating and managing syndication on loans, providing opportunities for performance-based growth. Please note that this position does not include traditional benefits packages, but offers a rewarding work environment focused on efficiency, professional development, and a positive team dynamic.