What are the responsibilities and job description for the Junior Underwriter position at Insight Global?
A client of Insight Global within the music financing industry is hiring a Jr Underwriter/Document Processor. This role is responsible for managing the end-to-end process of a customer's deal and identifying any risks that may affect the assignment of royalties. The Jr. Underwriter will play a crucial role in mitigating risks and keeping all internal interested parties apprised of deal status to ensure a seamless process.
Responsibilities:
- Manage a portfolio of 20-30 customer files, overseeing the entire process from contract review to funding
- Conduct a thorough review and underwriting of customer files within 24 hours of receiving the executed contract and keep internal database up to date with findings
- Process and evaluate customer applications, utilizing analytical skills and internal/market guidelines for accurate assessment
- Communicate effectively with clients, outside vendors/royalty payors, and financial institutions to gather necessary information for assignment completion
- Assist Royalty Specialist with general inquiries and provide them with relevant information as needed throughout the process
- Collaborate with other areas of Music Operations to support the department's daily operational workflow and ensure seamless coordination
- Review reports to identify outstanding items and follow up with royalty payors for resolution
- Analyze credit and search reports, interpret the gathered information and taking appropriate actions
Qualifications:
- 2 years of experience as a Jr. Underwriter or in a similar role within the financial industry
- Strong understanding of risk assessment and underwriting principles
- Excellent analytical and decision-making skills
- Detail-oriented with a focus on accuracy
- Ability to work collaboratively in a team environment
- Provide support with various tasks related to the day-to-day functions of the department
- Self-motivated with a committed work ethic
Compensation:
$60,000 per year annual salary.
Exact compensation may vary based on several factors, including skills, experience, and education.
Benefit packages for this role include: Unlimited PTO, employer paid medical, dental, vision and 401k package.
Salary : $60,000
