Enova
Hybrid

Underwriting Analyst

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Underwriting Analyst

Reports to: Strategy and Operations Senior Associate, Headway Capital

Position Summary:

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)

What You'll Do Here:

  • 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 We Need From You:

  • 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.

Stuff We Like, But Don't Require:

  • Exposure to running SQL database queries preferred
  • Worked in the Financial Services or Tech Industry

Underwriting Team Overview:

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.

Enova Overview:

Enova is a leading provider of online financial services that uses its advanced technology and analytics to provide access to credit for non-prime consumers and small businesses. Our roots are in Chicago, but we have served nearly 5 million customers through our six businesses in the U.S. and abroad. We pride ourselves on hiring smart and driven people who bring new and creative ideas to the table. Our mentality is, "Life’s short. Work some place awesome." Ready to join us?

Perks:

Perks means something different to everyone. Yes, we have snacks and a game room, but we also have summer hours, a sabbatical program, 401k matching and education reimbursement. Most importantly, we like to think of our people as perks too. Isn’t working with innovative colleagues critical to the success in your next job?

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What are Enova Perks + Benefits

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
Pair programming
Open office floor plan
Flexible work schedule
Enova employees are able to leave at 2pm on Fridays between Memorial Day and Labor Day!
Remote work program
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
- B.L.A.C.K @ Enova - HOLA @ Enova - Pride @ Enova - South Asians @ Enova - Women @ Enova - Parents @ Enova
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Pet insurance
Wellness programs
Team workouts
Enova's team fitness initiatives include Sponsored race teams.
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
Company equity
Performance bonus
Charitable contribution matching
Child Care & Parental Leave Benefits
Childcare benefits
Generous parental leave
Family medical leave
Return-to-work program post parental leave
Company sponsored family events
Vacation & Time Off Benefits
Generous PTO
Paid volunteer time
Sabbatical
Paid holidays
Office Perks
Commuter benefits
Company-sponsored outings
Free snacks and drinks
Some meals provided
We provide free breakfast on Monday.
Company-sponsored happy hours
Company-wide happy hours are hosted once per month and team's host happy hours at their discretion..
Onsite office parking
We offer employees discounted on-site garage parking.
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Both company-wide and department-specific events.
Promote from within
Mentorship program
Continuing education stipend
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Sabbatical program • Recognition programs • Commuting reimbursement • Monthly social events • Discounted gym memberships • Pet insurance

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