Senior Underwriter

What excites us at OnDeck? Technology. Innovation. Small businesses. We believe in our employees and power their growth through being challenged every day and offering careers that inspire. We're all about teamwork, passion and making an impact. Oh and having fun ? Whether it's a game of Ping-Pong, team get-togethers or weekly happy hours in the office.
OnDeck (ONDK) uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses to efficiently deliver capital to a market underserved by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans. We are changing the way small businesses borrow money by combining our passion for Main Street with cutting-edge technology. We evaluate businesses based on their actual performance, not personal credit, and that's enabled us to say "yes" more often and faster than traditional lenders.
Department summary:
Our passion and mission in Operations is to provide small businesses and internal stakeholders with an amazing credit delivery and servicing experience. We work hard as a team to build and operate the most frictionless and scalable environment for small business credit delivery and service. We continuously invest in people, automation through technology, and efficiency through process optimization. Our team thrives on our culture ? We are passionate about having fun, being open and empowering team members.
We are seeking an Underwriter to review, underwrite, structure and document new and renewal term and revolving credit products for the SMB market. Underwriter will be responsible for identifying, gathering, and analyzing relevant information to assess credit risk, determine sources of repayment, create appropriate loan structures, approve/decline the credit request, and ensure compliance with applicable regulations, credit policy, credit procedures, and the company's credit philosophy in an effort to mitigate loss, delinquency and overall risk.
As an Underwriter at OnDeck, you will:
Underwrite loans in accordance to company guidelines
Analyze application data including financial statements, bank statements, credit card statements, and business and personal credit reports
Conduct interviews with prospective clients
Determine credit worthiness and approval amounts
Must have ability to communicate, in both written and verbal forms, factors in underwriting decisions
Evaluate and provide recommendations for policy exceptions
Perform other duties as assigned
Qualifications for Success:
Bachelor's Degree in Finance, Economics or related discipline
5-7 years of commercial lending, credit, or underwriting experience
Solid credit fundamentals in a commercial environment. Formal credit training a plus.
Strong analytical and intuitive investigative skills
Ability to read, analyze and interpret business financial statements
Must be detailed oriented
Ability to solve practical problems and interpret a variety of instructions furnished in oral, written, or schedule form.
Ability manage multiple tasks and prioritize workflows
Strong independent decision making capabilities
What we offer you:
Have a meaningful impact on the company's future, and share in the rewards accordingly
Work in a fun, fast-paced start up environment with some really cool and brilliant people
Be on a motivated team that gets a lot done
An open minded, collaborative culture of enthusiastic technologists.
Medical/dental/vision insurance, 401k matching program, flex spending plan and life insurance.
Smart colleagues who you can learn from.
Paid/flexible vacations and holidays.
If you're sick just stay home and feel better.
Summer & Holiday events with the entire office!
Happy hour every Wednesday.
Fully stocked kitchen with snacks and drinks.
OnDeck provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, OnDeck complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
OnDeck expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of OnDeck's employees to perform their job duties may result in discipline up to and including discharge.
No recruiters or agencies, please.

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