Underwriting Analyst
Hard working people need access to fast, trust-worthy credit and Enova uses advanced technology and analytics to provide that to them. With a focus on non-prime customers and small businesses, we’ve served over 5 millions customers through our six businesses in the US and abroad. We’re born and raised in Chicago and we pride ourselves on hiring smart, driven people who like solving challenging business problems. Our philosophy is simple, “Life’s short. Work some place awesome.”
Many of us consider our people to be Enova’s best perk. We have 1,500+ employees and your teammates are as passionate about their work as you are. Your manager and team will encourage you to think outside the box and will celebrate your wins with you along the way. We’re big on career growth and make sure you have the tools you need to succeed. On top of that, we also offer competitive salaries, health care benefits, a 401k matching plan, summer hours, tuition reimbursement and a sabbatical program. Our Chicago headquarters even offers over 100 different kinds of snacks, a game room, onsite massages/barbers/nail technicians, and a variety of different social events.
What you'll be doing:
Enova is currently searching for a bright, energetic, and creative Underwriting Analyst to join our team; problem-solvers, self-directors and action-oriented thinkers are required. You will be expected to hit the ground running learning the technologies, strategies, and analytical techniques that will enable you to contribute to the continued success of the company. You’ll be expected to maintain standard operating procedures, quality assurance checks, performance metrics, and training programs. The role will be focusing on supporting Enova’s small business financing product, Headway Capital (www.headwaycapital.com)
Your core priorities will be to:
- Underwrite small business new loan applications and account reviews by combining your commercial lending experience and Enova’s sophisticated technology and analytics solutions.
- Evaluate credit worthiness by preparing underwriting documentation and present approvals to the underwriting committee
- Maintain key performance indicators to meet the effectiveness and quality of the team and processes
- Ensure adherence to all applicable lending policies, procedures, and regulatory compliance
- Comply with policies and procedures to ensure underwriting functions are performed in a timely, efficient, and professional manner
What you should have:
- Undergraduate degree in finance, business or related field.
- 1-3 years’ in commercial loan underwriting and processing, preferably for a regional or community bank or a credit union.
- Knowledge of ratio analysis, trend and cash flow analysis, ability to determine viability of borrower projections
- Thorough understanding of commercial underwriting process to include documentation, risk management, and compliance.
- Strong organizational, analytical, communication and interpersonal skills.
- High energy, team player, creative thinker, and strategic influencer.
- Demonstrated experience in working with broad cross-functional teams.
- Experience with product launch or new initiatives highly preferred.
About Underwriting:
Be a key member of Enova’s new business initiatives, expanding our unique approach to using technology and analytics for online lending into the small business-financing sector. Our Underwriting team brings hands on commercial loan underwriting experience to Enova’s web based financial lending products. Their goals are simple and focused: Develop new and market leading approaches, maintain key performance indicators, and ensure adherence to all applicable lending policies, procedures, and regulatory compliance.
Our goal at Enova is to recruit, hire, develop and maintain a diverse workforce. It is our policy to provide equal employment opportunity for all persons and not discriminate in employment decisions by placing the most qualified person in each job, without regard to any other classification protected by federal, state, or local law.