What are the responsibilities and job description for the Underwriting Specialist position at Truckstop?
Job Description
Job Description
At Truckstop, we have transformed the entire freight-moving lifecycle with our SaaS solutions. From freight matching to payments and everything in between, we are the trusted partner for carriers, brokers, and shippers alike. We lead this industry forward with our One Team mindset committing to principles such as assume positive intent, have each other's back, and be your authentic self. Our drive for greatness produces high expectations, yet our regard for humans is even higher. Join a team of brilliant minds and generous hearts who care deeply about other's success.
Position Summary :
As a Factoring Underwriter you will work directly within the Truckstop Factoring Division to review background, finances, motor carrier qualifications and determine the risk of incoming applicants. Factoring is accounts receivable financing in which a business sells its invoices or accounts receivables to a third-party financial company known as a "Factor." The factor then collects payment on those invoices from that business's customers or debtors.
Essential Job Functions :
- Evaluate potential application background information including financials, court records, and credit resources to analyze risk.
- Setup new clients within operations systems and communicate with sales and support teams throughout the review process.
- Review UCCs, court records and other legal documents.
- Maintain active and inactive client monitoring.
- Review and analyze reports, business documents, legal documents and tax documents of potential clients.
- Maintain communication follow-ups with the clients, and internal departments to remain in compliance with regulations and business requirements.
- Work as a team to maintain project goals.
- Create and modify closing legal documents to finalize account setup.
- Communicate with other factoring companies to process and complete account buyouts.
Position Requirements :
At Truckstop we are dedicated to creating a workplace that is equitable, inclusive, and inspiring for every employee. In an effort to provide greater transparency, we are sharing the base salary range for this position. The position is also eligible for a yearly bonus. Final salary is based on a number of factors including market location, job-related knowledge, education / training, certifications, key skills, experience, internal peer equity as well as business considerations.
The anticipated base pay range for this position is :
19—$21 USD
The above description covers the most significant duties performed but does not include other related occasional work that may be assigned or is completed by the employee.
Truckstop provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Truckstop participates in the E-Verify program. Learn more about the E-Verify program here : https : / / www.e-verify.gov /
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Salary : $19 - $21
