Credit Analyst/Due Diligence Analyst (Hybrid)
Chicago, Illinois, United States · Posted 1 month agoDescription
- Conduct detailed reviews to evaluate merchants for the cash advance product line in accordance with company guidelines.
- Analyze financial data, including credit reports, business financial statements, bank statements, and credit card statements to inform underwriting decisions.
- Assess risk profiles and determine creditworthiness while calculating appropriate approval amounts for each case.
- Authorize funding approvals within assigned policy limits or provide recommendations for policy exceptions when necessary.
- Review contract packages to verify accuracy, ensure completeness, and confirm legal compliance.
- Collaborate with sales teams and cross-functional internal departments to align risk assessments with business objectives.
- Maintain thorough documentation of due diligence findings and underwriting decisions for compliance and future reference.
- Strong analytical and problem-solving skills with ability to think outside the box
- Self-motivated and strong work ethic with the ability to proactively solve problems and make independent decisions
- Proficiency using database and spreadsheet applications while completing data entry accurately and efficiently (Intermediate MS Excel skills required)
- Salesforce experience a plus
- Excellent communication skills, both written and verbal, required to articulate recommendations to various levels of management and negotiate terms with field sales when needed.
- High School Diploma or Equivalency
- At least 2-3 years of directly related job experience
- College Degree in Finance, Economics, Business, or related field preferred
- Experience in merchant cash advance or loan underwriting preferred
- This is a full-time, nonexempt position; the base compensation for this opening is expected to be $28-$36 per hour ($58,240-$74,880 annualized), based on candidate experience, skills, and other factors
- Competitive Paid Time Off and company holidays
- Generous dining reimbursement when you dine with our restaurant clients
- 401(k) plan with a company match
- Two medical plan options- Standard PPO or High Deductible Health Plan (HSA with company match for HDHP participants)
- Partnership with Rx n Go, offering certain prescriptions for free
- Two dental plan options and a vision plan
- Flexible Spending Accounts and a pre-tax commuter benefit program
- Accident, Critical Illness, and Hospital Indemnity Insurance Plans
- Short Term and Long Term disability
- Company-paid life insurance and AD&D insurance, supplemental employee, spouse, and child life insurance
- Employee Life Assistance Program
- Hybrid working space in our state of the art office downtown located by the Metra and Ogilvie train stations
- Catered lunches provided on Tuesday's in our Chicago office
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