Underwriting Assistant

Company: Kforce Finance and Accounting
Location: Charlotte
Posted on: May 28, 2023

Job Description:

Kforce has a client in Charlotte, NC that is seeking an Underwriting Assistant. Summary: The underwriting or due diligence analyst for this position will support the evaluation of new Providers (i.e., businesses) to participate in our client's Lending Financing Program which allows businesses to offer installment loans to their customers. The Underwriting Assistant will evaluate several areas within the underwriting/due diligence program under direction of the Senior Risk Analyst and other Provider Risk teammates. The Underwriting Assistant will form a preliminary recommendation to accept or decline the Provider which will be subject to quality assurance or final review by either the Senior Risk Analyst, Director Provider Risk Management or Senior Director of Provider Risk Management. Responsibilities:

• Receive Provider underwriting assignments from the Senior Risk Analyst and review the Provider enrollment applications submitted by Sales team
• Evaluate the Provider's application across several categories of risk such as business registration and ownership, reputation risk, financial risk, banking compliance risk (e.g., OFAC) and customer policies
• Logon to various products to conduct research for categories of risk
• Compare results to specified due diligence criteria as documented in Provider Risk team job aids
• Evaluate whether Provider meets or does not meet specified criteria
• Escalate where additional information is needed to complete an evaluation
• Make preliminary recommendation on whether to accept or decline Provider
• Communicate within Provider Risk team, with Sales team and with the Provider Enrollment teams as needed to complete due diligence
• Thoroughly document research results in tools used by Sales, Enrollment and Provider Risk teams
• Participate in training programs as required by Ally Financial and develop a working knowledge of Provider Risk team processes and procedures

Keywords: Kforce Finance and Accounting, Charlotte , Underwriting Assistant, Other , Charlotte, North Carolina