Underwriting Analyst III - Equipment Finance
Listed on 2026-05-16
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Finance & Banking
Financial Analyst, Risk Manager/Analyst
Description
The Underwriting Analyst inputs and reviews finance applications from small to mid-sized businesses to determine the credit worthiness of the applicant, size and term of the financing offer. The position will operate within our fast-paced high-volume environment and be accountable for quick decisioning on small ticket equipment finance applications up to $150,000.
The candidate will make independent decisions through evaluation of business and personal credit reports, financial and bank statements, tax returns and other credit information. Channel has a scoring model built on millions of data points to aid in the decision making.
The best candidates will be self-motivated, team-oriented, and eager to be a part of a rapidly growing business.
Key Responsibilities- Adjudicate credit and approve new finance applications within $100,000-$150,000 level of authority.
- Make timely decisions with limited information.
- Professionally communicate decisions to our partners.
- Build relationships and offer exceptional service to our partners to ensure continued flow of business.
- Communicate and work proactively with the sales team to help further penetrate our relationships with existing and new customers.
- Protect Channel from fraud and aid in pricing transactions for the appropriate risk.
- Complete review and recommend approvals up to $100,000.
- Second Sign off
- Financial Statement analysis and continuously evaluate process improvement
- Continuously identify and implement underwriting strategies which make Channel a recognized, differentiated leader in the equipment finance industry.
- Keeps abreast of industry and competitor trends.
- Strong math and analytical skills.
- Must be able to multitask and be highly adaptable to change.
- Must be detail oriented, have excellent organizational and time management skills.
- Competitive drive and strong history of accomplishment.
- Good interpersonal relationship skills and motivation for personal growth.
- Required knowledge of computer systems and proficient in Microsoft Office (Excel and Word).
- Must have an understanding of financial statements.
- Ability to work primarily out of our Minnetonka or Marshall MN offices.
- 5-7 years in a financial services, credit or underwriting function.
- Experience in a commercial underwriting function working with small businesses is a plus.
- Associates or Bachelor’s degree or equivalent education/experience is preferred.
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