Indirect Lending Underwriter/Credit Analyst
About The Position
Arrow Financial Corporation is seeking an experienced Indirect Lending Underwriter/Credit Analyst to originate indirect loans and ensure lending decisions comply with company policy and applicable regulatory requirements. The role uses sound judgment to approve loans that represent an acceptable level of risk and develops dealer relationships to support new and existing business. This is a hybrid position. Employees work from home three days a week and attend at least two scheduled in-person days at a regional office in Latham, Glens Falls, or Utica, New York. The salary range is $65,000–$82,000 per year, commensurate with experience and education. The role is not eligible for commission, but additional compensation may be available through the annual bonus program, subject to individual and company performance.
Requirements
- Bachelor’s degree in business administration or equivalent experience.
- Six years of experience in consumer lending.
- Strong organizational and mathematical skills.
- Excellent written and verbal communication skills, including the ability to communicate with customers, coworkers, management, and community and business leaders.
- Ability to sit for prolonged periods and walk or stand for brief periods.
- Ability to repetitively use a telephone, computer mouse, and keyboard.
- Ability to lift or move up to 15 pounds.
Nice To Haves
- Solid sales and negotiation skills.
- Knowledge of current lending regulations, the automobile industry, and indirect lending products and services.
Responsibilities
- Approve, counter-offer, or decline indirect loan applications within individual lending authority and according to policy.
- Analyze applications and credit reports, review financial history, and assess repayment sources to determine applicants’ ability and willingness to repay.
- Develop and retain dealer business through regular phone contact and occasional in-person contact with assigned dealer accounts.
- Monitor individual and dealer performance and review it with management to support department goals.
- Respond to indirect loan customer inquiries and requests for information.
- Provide periodic reports to management and share knowledge and expertise with the Indirect Lending team as appropriate.
- Participate in the community as designated by company community service requirements.
Benefits
- Competitive compensation and potential annual bonus and incentives.
- Paid vacation, sick time, and holidays.
- Medical, dental, and vision insurance.
- Flexible Spending Plan.
- 401(k), pension, and Employee Stock Ownership retirement plans.
- Education and tuition reimbursement.
- Employee Assistance Program for employees and their immediate family members.
- Pleasant, inclusive work environment and career development opportunities.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
