THE ORGANIZATION:Small business owners uplift communities and anchor local economies, while creating opportunities for themselves, their families, their employees, and our neighborhoods. Yet entrepreneurs who are people of color, women, and immigrants often struggle to secure capital and resources, as they are systematically shut out from traditional financing.
Accion Opportunity Fund Community Development is an unparalleled financial support system that provides these small business owners with access to capital, networks, and coaching. We work to build inclusive and accessible options for these determined business owners. For over 25 years we have served a client base that is nearly 90% women, people of color, or immigrants.
In addition to providing resources and loans to small businesses, we also conduct original research, advocate for policy changes, and finance community construction projects in low-income neighborhoods through our New Markets Tax Credit program.
Together, we are building a diverse, vibrant community where opportunity, knowledge, and access to capital are within reach.
For more information about us, visit https://aofund.org/
ROLE SUMMARY:
The Senior Underwriter will serve as an industry expert and provide underwriting support in the Trucking and Mobile Food Truck Underwriting Department. This position will collaborate closely with sales, clients, application support, closing, and other stakeholders to ensure efficient and accurate underwriting processes while adhering to company policies and underwriting procedures. In addition, the Senior Underwriter will provide recommendations to improve the underwriting practices and credit policies. This position will be reporting to the Vice President of Underwriting and works closely with all Underwriting team members.
JOB DUTIES AND RESPONSIBILITIES:
- Underwrite commercial truck loans, including analyzing financial statements, calculating cash flow, evaluating collateral value, and assessment personal and business credit reports, and other factors to decision loan applications in a timely and accurate manner.
- Review the authenticity of documents, performing KYC checks and due diligence on loan parties prior to approval.
- Utilize third party data sources and tools to underwrite loans efficiently.
- Make credit decisions within approval authority.
- Identify policy exceptions or complex scenarios and escalate to Management.
- Responsible for client and internal communication regarding status updates on applications, asking questions or requesting information/documents to finalize loan decision.
- Prioritize pipeline and meet underwriting deadlines, while making decisions in the best interest of the clients and organization.
- Identifies key risks with appropriate loan structures to mitigate risk including terms and conditions for approval.
- Work on various special projects; support management with secondary loan review and training
- Participate in training sessions to enhance knowledge and skills in underwriting and provide coaching and feedback to internal teammates.
- Monitor portfolio performance and identify risks and opportunities for improvement.
- Making recommendations to the underwriting practices based on the industry standard.
- Participate in the credit committee for loan decisions for equipment finance.
- Stay informed about industry trends, market conditions, and regulatory changes affecting equipment financing.
MUST HAVES:
- 6-10 years of commercial truck/equipment Underwriting work experience, preferably in small business or digital lending environment.
- Working knowledge of the commercial truck industry and various types of commercial trucks.
- Familiarity with industry regulations and compliance requirements related to commercial truck/equipment finance.
- Experience conducting internal loan review and making recommendations to improve underwriting practices based on the industry standard.
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, Math, or equivalent work experience.
- Proficiency in reviewing financial documents such as business and personal tax returns, bank statements, credit reports, etc.
- Solid understanding of business cash flow and debt coverage analysis across diverse industries.
- Excellent written and verbal communication skills.
- Strong analytical skills, critical thinking, and attention to detail.
- Comfortable with Microsoft products, especially Excel.
- Ability to thrive in a fast paced, team-oriented, and mission-driven environment.
NICE TO HAVES:
- Advanced knowledge of various types of loans, including working capital and equipment finance.
- Experience working with different digital underwriting platforms.
- Experience with risk modeling and helping to improve the credit scoreboard.
PERKS AND BENEFITS:
Our mission is what motivates us to come to work each day. We know that happy employees are productive employees, which is why we offer a comprehensive benefits package that includes:
- Competitive salary commensurate with experience.
- An environment that values work-life balance and monthly remote work reimbursements.
- 100% company-funded Medical, Dental, Vision, Life & Disability coverage for employees (Based upon your plan selection). 90% company-funded dependent coverage (Based upon your plan selection) as well as Flexible Spending Accounts.
- Voluntary benefits with payroll deduction for Supplemental Life & AD&D insurance and legal plans.
- Tax deferred & Roth 403(b) Retirement Plan with employer match.
- Unlimited vacation days, 12 paid holidays, 10 Sick days, and paid parental leave.
We are an equal opportunity employer and committed to improving diversity, equity, and inclusion at
Accion Opportunity Fund. AOF does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
Salary Range*: $96,465 - $123,810
*Please note that the above salary range is a national range, and compensation is dependent upon the candidate’s experience and skill level.
