What are the responsibilities and job description for the Underwriting Analyst (Small Fleet) position at Triumph Financial?
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At Triumph, a member of the Triumph Financial portfolio of brands, we believe the strength of our commitment is reflected in product innovation and the strategic partnerships we've established. That's why we look for team members who work hard to make a difference in their workplace and community. Our goal is to make long-term improvements in everything and everyone we touch. We thrive on providing exceptional customer service, and we look for friendly professionals dedicated to helping customers achieve their financial goals.
Triumph Financial Services originates and services factoring facilities to support working capital needs concentrated in the transportation industry, with a focus in over the road, for hire trucking segment. The Factoring Division enables clients to generate liquidity for operational needs through the purchase of receivables from the client. The Underwriting function in Factoring serves to identify risks and mitigations common to the credit, character and collateral profile of both new and existing factoring clients.
Triumph Factoring Division is hiring an Underwriting Analyst that will be responsible for new client application underwriting and support portfolio management via underwriting existing client relationships on an as needed basis. The position will require a high degree of organization, attention to detail, initiative and an effective communication skill set. A qualified applicant will demonstrate the capacity to identify, address and convey key decision inputs from disparate sources to achieve decision concurrence from all stakeholders.
Essential Duties & ResponsibilitiesEvaluate the Character, collateral and credit risks identified via a review and analysis of the application, business conditions, external reports, and management capabilities.
Oversee application work-flow processing - prepare contracts, filings, maintain system changes, and be responsible for compliance of OFAC and legal documentation of applicants.
Review credit reports, background searches, OFAC, Clear and UCC searches, to identify risks indicative or predicative of future behavior that would generate a loss. Construct rationale supporting a final decision or decision recommendation to management.
Effectively articulate the justification for underwriting decisions to all Originations and Credit stakeholders.
Draft, amend, and complete legal contract packages.
Create and maintain client information within internal files.
Execute all assigned tasks in a timely manner in accordance with expectations in place.
Perform other duties as assigned.
Bachelor's degree preferred or equivalent work experience.
1-3 years of experience in underwriting or risk analysis.
Experience with Uniform Commercial Code (UCC)
Experience with reading both consumer and commercial bureaus.
Experience in transportation factoring is preferred.
Independently motivated with a strong desire to perform.
Demonstrate initiative and ability to work independently and as part of the team.
Strong work ethic and organizational skills.
Must be proficient in Microsoft Word and Excel.
Ability to handle multiple tasks while maintaining attention to detail.
Strong professional communication skills.
Ability to problem solve and think critically.
The work environment characteristics described here maybe encountered while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Moderate noise (i.e. business office with computers, phone, and printers, light traffic).
Ability to work in a confined area.
Ability to sit at a computer terminal for an extended period of time. Occasional stooping or kneeling may be necessary.
While performing the duties of this job, the employee is regularly required to stand, sit, talk, hear and use hands and fingers to operate a computer keyboard and telephone.
Specific vision abilities are required by this job due to computer work.
Light to moderate lifting is required.
Regular, predictable attendance is required.
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Triumph Financial, Inc. and its subsidiaries (hereafter the “Company”) is an equal opportunity employer and provides equal employment opportunities to all employees and applicants for employment. The Company prohibits discrimination and harassment against all employees and applicants for employment based on race, color, sex, gender, age, religion, creed, covered veteran status, military service, national origin or ancestry, ethnicity, sexual orientation, gender identity, gender expression, transgender status, actual or perceived physical or mental disability, genetic information, citizenship or immigration status, marital status, pregnancy, childbirth, or related medical conditions, reproductive health decision making, or any other characteristic protected by law. Equal employment opportunity applies to all terms and conditions of employment, including, without limitation, hiring, placement, promotion, termination, layoff, recall, transfer, leave of absence, compensation, and training.
