Underwriter, Finance & Banking

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DEPT
019-Consumer Lending Full Time Clerical Cooper City, FL, US

Salary Range: $30.28 To $37.50 Hourly

As a member of Bright Star Credit Union, you'll join a dynamic, purpose-driven organization that prioritizes its employees and members. We offer excellent benefits, advanced opportunities, and exceptional training. Founded in 1946 as a community-based credit union focusing on educators, we expanded to serve 23 counties across Florida. As a Trusted Advisor, Bright Star offers a diverse range of financial services and opportunities.

Bright Star Credit Union is committed to creating a diverse, inclusive work environment where everyone has a chance to succeed and feel a sense of belonging. Our work environment is fun, fast-paced, and service-oriented.

• Weekly pay with a BSCU account and Direct Deposit
• Medical, Dental, and Vision
• 401 (k) Plan with Matching
• Tuition Reimbursement Program
• Engagement Area
• Wellness Studio & Gym
• Company-Paid Life Insurance
• Health Savings Account with Company Contributions

The Consumer Credit Underwriter plays a crucial role in our Consumer Lending Department by assessing the creditworthiness of loan applicants and deciding whether to approve or deny a variety of consumer loans and small business loans under the loan authority. Their work is instrumental in maintaining Bright Star's risk tolerance. Operating within the established strategy and delegated authority, this position is key to generating a profitable portfolio.

In addition, the Underwriter contributes to our business growth through cross-selling, offering an exciting opportunity to make a significant impact.

• The Underwriter will evaluate submissions to determine the acceptability of risks according to the company's guidelines and standards. They are responsible for determining proper collateral, pricing, limits, and terms based on exposure. The Underwriter will decide on all consumer and small business loans, excluding real estate loans.
• Guideline adherence.
• Recommend procedural and policy changes that may enhance productivity or ensure quality loan approvals and workflow.
• Understand and follow the applicable underwriting guidelines, policies, and procedures to consistently adhere to industry regulations. Operate within the assigned letter of underwriting authority.
• Communication:
  • Assistance with external communication. They interact with internal and external members to gather information and clarify underwriting requirements.
• Data analysis.
  • Utilize analytical tools within the system to evaluate exposure. Escalation of loans as necessary.
• Collaborate with other underwriters and team members for analysis of more complex transactions, including small business loans.
• Perform other duties as needed.
• Documentation.
  • Ensure adherence to company policy and make informed decisions on loan approvals and declines. Responsible for documenting the underwriting process and decisions of assigned policies.
• Cross-selling and Revenue Generation.
  • Participate in team meetings and marketing activities as needed and make recommendations to help with process efficiencies, highlight trends, etc.
  • Drive departmental goals for production levels and service delivery. Approve loans within parameters approved by the Board of Directors. Recommend loan exceptions as needed.

Experience - Three to five years of similar or related experience . Knowledge of underwriting to include, but not limited to, vehicles, personal loans, recreational vehicles, credit cards, and small business lending.…