Senior Underwriter
About the role
Position Summary: Prepare written credit narratives for large dealer relationships based on information obtained by various parties in the course of a multidisciplinary review. Audiences will include credit committees and individual reviewers.
Northpoint has an excellent opportunity for a Sr. Commercial Credit Underwriter/Analyst to join our Underwriting team in Burlington, ON. The ideal candidate would be capable of effectively applying our underwriting guidelines to review inventory finance transactions to identify those that comply with our stated risk appetite. These guidelines encompass collateral and credit risk assessment and customary KYC due diligence procedures. The candidate must have effective written and oral communication skills, including having the ability to write concise and impactful reviews centered around the cash cycle of a dealership.
Essential Duties and Responsibilities include the following. (This list is not exhaustive.) Perform cash flow analysis for companies with large investments in inventory using Moody's-produced spreadsheets. Structure complex transactions and negotiate complex credit documentation to mitigate risk appropriately. Draw connections between behavioral scores and indicators unique to Northpoint that together gauge a dealer's financial condition. Effectively manage the flow of credit files by communicating regularly with internal and external clients. Utilize common sense and a sound understanding of accounting principles to lessen the risks of relying on internally prepared financial statements that lack independent testing. Analysts with ABL backgrounds are well-suited for this type of work. Complete special reviews associated with permanent increases, temporary increases, overlines, product additions, financial triggers, and high-risk account monitoring. Prepare and deliver presentations to executives, committees and loan participants. Other projects, assignments, or functions in support of portfolio risk management as needed.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Specifically, tasks expected require: Bachelor's degree in Accounting/Finance/Business Administration. 5 + years of commercial lending or underwriting/financial analysis experience or equivalent experience. Strong analytical skills. Cross-functional team environment skill set and ability to work independently. Excellent verbal, written, and interpersonal skills. Strong communication and presentation skills. Ability to effectively manage multiple priorities and work as needed to ensure deadlines are met in a fast-paced environment. Minimal travel required. Experience working within a regulated lending environment. Experience with internal and/or external auditors. Experience with development and/or maintenance of tracking tools including process workflow or compliance with internally set guidelines.
Education/Experience: Bachelors' degree from an accredited college or university.
Language Ability: Ability to read and interpret documents such as operating instructions and policy and procedure manuals. Ability to draft customer facing emails and correspondence on a regular basis. Ability to communicate effectively via phone with a variety of, sales, underwriter, manufacturer/dealer contacts.
Computer Skills: Microsoft Office required, specifically, Salesforce, DocuSign, Outlook, Word, Excel, and Access
Certificates and Licenses: N/A
Supervisory Responsibilities: N/A
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel and to talk or hear. The employee is occasionally required to stand, walk, reach with hands and arms, stoop kneel, crouch or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.
Northpoint collects, uses, and shares personal information of California consumers. For additional information about how we do so, please see our California Privacy Statement at https://northpointcf.com/privacy-policy/#personal-information.
Not the right fit? Search for Underwriter jobs in Burlington, Ontario, Canada
About Northpoint Commercial Finance
WE BELIEVE IN PROVIDING THE BEST POSSIBLE SERVICE. Because our team has been working in the distribution finance industry for over 20 years, we offer customers access to decision makers who possess a lifetime of knowledge and expertise. We understand the market and how it impacts your business better than anyone because our people are cross-trained in all areas of our business. This means we can answer with confidence any and all of our customers’ questions.
WE BUILT THE TECHNOLOGY WE USE. We collaborated with our manufacturers and dealers to build the technology we use. This means we can customize and provide information to our customers in a way that is not only convenient, but also expedient. Everything we do, from building state-of-the-art platforms to creating custom solutions, is tailored specifically to your needs.
WE BELIEVE THAT YOUR BUSINESS IS UNIQUE – YOUR SOLUTIONS SHOULD BE TOO. Every customer is unique, each with different goals and needs. We understand that your business needs a customized solution that is focused on the details– a solution designed to make your life easier. The only way we can do that is by actively listening to our customers so we can create programs tailored to their individual challenges.
WE KNOW IF IT DOESN’T GROW YOUR BUSINESS, IT DOESN’T WORK. We give you solutions in a matter of hours or days– not weeks and months. The programs we create are designed with flexibility in mind, allowing you to get the answers you need now.
We’re not in the business of wasting valuable time– when you need working capital, we’re on it. We know that you can’t effectively do business without the proper tools.
WE BELIEVE OUR CUSTOMERS MATTER. Without our customers, we can’t exist. That’s why we make strong business relationships our top priority. When you call Northpoint, someone will be there to pick up the phone– someone who understands your needs and responds quickly.
Similar Jobs
Senior Underwriter
About the role
Position Summary: Prepare written credit narratives for large dealer relationships based on information obtained by various parties in the course of a multidisciplinary review. Audiences will include credit committees and individual reviewers.
Northpoint has an excellent opportunity for a Sr. Commercial Credit Underwriter/Analyst to join our Underwriting team in Burlington, ON. The ideal candidate would be capable of effectively applying our underwriting guidelines to review inventory finance transactions to identify those that comply with our stated risk appetite. These guidelines encompass collateral and credit risk assessment and customary KYC due diligence procedures. The candidate must have effective written and oral communication skills, including having the ability to write concise and impactful reviews centered around the cash cycle of a dealership.
Essential Duties and Responsibilities include the following. (This list is not exhaustive.) Perform cash flow analysis for companies with large investments in inventory using Moody's-produced spreadsheets. Structure complex transactions and negotiate complex credit documentation to mitigate risk appropriately. Draw connections between behavioral scores and indicators unique to Northpoint that together gauge a dealer's financial condition. Effectively manage the flow of credit files by communicating regularly with internal and external clients. Utilize common sense and a sound understanding of accounting principles to lessen the risks of relying on internally prepared financial statements that lack independent testing. Analysts with ABL backgrounds are well-suited for this type of work. Complete special reviews associated with permanent increases, temporary increases, overlines, product additions, financial triggers, and high-risk account monitoring. Prepare and deliver presentations to executives, committees and loan participants. Other projects, assignments, or functions in support of portfolio risk management as needed.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Specifically, tasks expected require: Bachelor's degree in Accounting/Finance/Business Administration. 5 + years of commercial lending or underwriting/financial analysis experience or equivalent experience. Strong analytical skills. Cross-functional team environment skill set and ability to work independently. Excellent verbal, written, and interpersonal skills. Strong communication and presentation skills. Ability to effectively manage multiple priorities and work as needed to ensure deadlines are met in a fast-paced environment. Minimal travel required. Experience working within a regulated lending environment. Experience with internal and/or external auditors. Experience with development and/or maintenance of tracking tools including process workflow or compliance with internally set guidelines.
Education/Experience: Bachelors' degree from an accredited college or university.
Language Ability: Ability to read and interpret documents such as operating instructions and policy and procedure manuals. Ability to draft customer facing emails and correspondence on a regular basis. Ability to communicate effectively via phone with a variety of, sales, underwriter, manufacturer/dealer contacts.
Computer Skills: Microsoft Office required, specifically, Salesforce, DocuSign, Outlook, Word, Excel, and Access
Certificates and Licenses: N/A
Supervisory Responsibilities: N/A
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel and to talk or hear. The employee is occasionally required to stand, walk, reach with hands and arms, stoop kneel, crouch or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.
Northpoint collects, uses, and shares personal information of California consumers. For additional information about how we do so, please see our California Privacy Statement at https://northpointcf.com/privacy-policy/#personal-information.
Not the right fit? Search for Underwriter jobs in Burlington, Ontario, Canada
About Northpoint Commercial Finance
WE BELIEVE IN PROVIDING THE BEST POSSIBLE SERVICE. Because our team has been working in the distribution finance industry for over 20 years, we offer customers access to decision makers who possess a lifetime of knowledge and expertise. We understand the market and how it impacts your business better than anyone because our people are cross-trained in all areas of our business. This means we can answer with confidence any and all of our customers’ questions.
WE BUILT THE TECHNOLOGY WE USE. We collaborated with our manufacturers and dealers to build the technology we use. This means we can customize and provide information to our customers in a way that is not only convenient, but also expedient. Everything we do, from building state-of-the-art platforms to creating custom solutions, is tailored specifically to your needs.
WE BELIEVE THAT YOUR BUSINESS IS UNIQUE – YOUR SOLUTIONS SHOULD BE TOO. Every customer is unique, each with different goals and needs. We understand that your business needs a customized solution that is focused on the details– a solution designed to make your life easier. The only way we can do that is by actively listening to our customers so we can create programs tailored to their individual challenges.
WE KNOW IF IT DOESN’T GROW YOUR BUSINESS, IT DOESN’T WORK. We give you solutions in a matter of hours or days– not weeks and months. The programs we create are designed with flexibility in mind, allowing you to get the answers you need now.
We’re not in the business of wasting valuable time– when you need working capital, we’re on it. We know that you can’t effectively do business without the proper tools.
WE BELIEVE OUR CUSTOMERS MATTER. Without our customers, we can’t exist. That’s why we make strong business relationships our top priority. When you call Northpoint, someone will be there to pick up the phone– someone who understands your needs and responds quickly.