About Us:
At MarcUW, we are committed to providing exceptional financial services and solutions to our clients. Our Underwriting team plays a crucial role in ensuring that we maintain high standards of risk management and customer service. We are seeking a dedicated and detail-oriented Junior Underwriter to join our team and contribute to our continued success.
Position Overview:
The Junior Underwriter will assist in evaluating and processing loan and insurance applications, ensuring that all applications adhere to the bank’s underwriting guidelines and regulatory requirements. This entry-level position is ideal for individuals looking to build a career in underwriting and financial services.
Key Responsibilities:
1. Application Processing:
- Review and analyze loan and insurance applications for completeness and accuracy.
- Assess applicants’ creditworthiness by evaluating credit reports, income statements, and other financial documents.
2. Risk Evaluation:
- Identify potential risk factors associated with applications and make recommendations based on underwriting guidelines.
- Collaborate with senior underwriters to determine the feasibility of loan or insurance approvals.
3. Documentation:
- Ensure that all required documentation is obtained, verified, and properly filed.
- Maintain accurate and up-to-date records of underwriting decisions and processes.
4. Compliance:
- Follow bank policies, procedures, and regulatory requirements to ensure compliance in all underwriting activities.
- Stay informed about industry regulations and changes that may affect underwriting practices.
5. Customer Interaction:
- Communicate with loan processors to gather additional information or clarify details as needed.
- Provide timely and courteous responses to inquiries related to the underwriting process.
6. Reporting and Analysis:
- Prepare and submit reports on underwriting activities and performance metrics.
- Analyze trends and identify areas for process improvement.
Qualifications:
- Education: Bachelor’s degree in Finance, Business Administration, Accounting, or a related field.
- Experience: Previous experience in banking or financial services is advantageous but not required.
- Skills:
- Strong analytical and problem-solving abilities.
- Excellent attention to detail and accuracy.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
- Effective verbal and written communication skills.
- Attributes:
- Ability to work both independently and as part of a team.
- Eagerness to learn and adapt to new procedures and technologies.
Working Conditions:
- Standard office hours, with occasional overtime as needed.
- Professional and collaborative work environment.
What We Offer:
- Competitive salary and benefits package.
- Opportunities for professional development and career advancement.
- Supportive and dynamic work environment.
Application Deadline: 9/1/2024
MarcUW is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
