Associate, Underwriter

Ready Capital offers a positive and diverse work culture incorporated with people who are passionate about their careers. We pride ourselves in being viewed as a premier place to work and encourage you to view our Senior Associate, Accountant opportunity.

Summary of Essential Job Functions :

• Promote a favorable image of ReadyCap to potential and existing clients and referral agents.
• Credit Underwriter has the flexibility to underwrite each credit application and evaluate the unique facts and circumstances of the individual application. Each application warrants individual evaluation and judgment.
• Expected to offset the advantages and disadvantages, shore up weakness, expound on strengths, and in the end make a reasonable and informed credit recommendation (as the credit analysis for commercial lending does not lend itself to credit score or pure ratio analysis).
• Contribute to efficient loan processing and closing by maintaining a thorough understanding of ReadyCap's guidelines and procedures, compliance requirements, SBA regulations, and various federal and state laws and regulations.
• Promptly report to the Credit Team Lead, Credit Manager or Chief Credit Officer any adverse events or information that would have a material effect on the lending operation or any event or situation that could be a conflict of interest.
• Contribute to loan decision making process and maintenance of portfolio credit quality by providing in-depth credit analysis of loan applications. Prepare a Credit Approval Memo to recommend a loan request that presents the following information :
• Loan is of required quality and no violation of guidelines or regulatory requirements exist. If an exception to guidelines exists, it is fully disclosed and justified.
• Borrower has been interviewed and creditworthiness has been thoroughly investigated.
• Adequate financial statements and other pertinent information have been reviewed and analyzed, along with current economic conditions that affect the transaction.
• Loan is properly priced based upon the Pricing Matrix.
• Loan will be properly documented in full compliance with the approved credit request.
• Value and existence of collateral is verified.
• Correct risk rating is assigned to the credit.

Primary Success Measurements :

Supervisory Responsibilities : None.

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

Education and / or Experience :

Language Skills :

Mathematical Skills :

Reasoning Ability :

Computer Skills :

Physical Demands :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and / or move up to 15 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment :

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.

Salary Range : $105,000- $115,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.