Credit Underwriter - Advance Partners

Paychex•Highland Hills, OH

9h•Hybrid

About The Position

The Credit Underwriter manages the entire underwriting process for new clients, from initial application receipt through first funding. The role researches client financial condition, operating results, credit information, and existing contracts to assess viability and creditworthiness and mitigate risk. It also evaluates guarantor financial documents and accounts receivable information, builds an initial collateral file, and ensures application and approval memorandum information is complete and accurate. The underwriter supports the Sales team by helping collect the information needed to qualify leads and by assisting with deal structures and contract terms. The role trains and works in one of the local offices listed in the posting; after training, employees may choose a hybrid schedule of three days in the office and two days at home. The schedule is Monday through Friday, approximately 8:30 a.m. to 5:00 p.m. ET, with possible adjustments for other time zones. Applicants must be authorized to work for any U.S. employer, and candidates may not be located in California.

Requirements

Understanding of basic finance and credit practices.
Ability to analyze data and understand its business significance.
Comparable work experience.

Nice To Haves

Bachelor's degree in Finance or a related field.

Responsibilities

Research and write up client financial condition, operating results, financial and credit information, and existing contracts to assess viability and creditworthiness and mitigate risk.
Research guarantors' financial and related documents, including individual tax returns, Equifax reports, and personal financial statements, to assess financial viability and creditworthiness.
Research accounts receivable information, including aging, concentration, and end debtors, to evaluate financial viability and creditworthiness.
Build the initial collateral file for use during the credit approval process for new clients.
Review client and individual applications for completeness.
Ensure all information in the Client Approval Memorandum is complete and accurate.
Guide and assist the Sales team in collecting information needed to qualify leads.
Assist the Sales team with deal structures and contract terms as needed.