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OnDeck // small business financing
 
Arlington, VA    Posted: Wednesday, February 12, 2020
 
   
 
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JOB DETAILS
 

Innovation, collaboration, & success: at OnDeck, We Make It Happen. Weve changed the way small businesses access financing. With the spirit of a fintech start-up & the stability of a larger organization, OnDeck helps customers achieve their ambitions while leading in the small business lending space. We operate with a one team mindset, supporting each other & celebrating our wins together. If youre looking for a fast-paced, entrepreneurial, inclusive environment where you can make an impact on our customers & business, OnDeck could be the place for you.

The Risk Management team creates competitive advantage for OnDeck through excellence in risk/reward optimization while simultaneously exercising its function of control in a vigorous & diligent fashion. The Risk Management team develops strategies & models to extend credit in a profitable manner to small businesses & their owners based on a strong understanding of the behavioral & commercial drivers of its customers & on sophisticated analysis of data. As the control function of OnDeck, the Risk Management Team ensures that that the portfolio, policies, strategies, new product features or operational processes at OnDeck are consistent with the risk appetite set by the management team & the board

We are seeking a hands-on Underwriting Manager with strong analytics & project management skills. The Underwriting manager will primarily be responsible for providing leadership, support & guidance to the Underwriting team. You should be a self-starter that can operate with limited supervision. You will be responsible for strategic initiatives, special projects in Equipment Finance & Large Loans ($500K +) as well as mentoring & coaching underwriters in accordance with established underwriting policies.

As an Underwriting Manager at OnDeck, you will:

  • Underwrite loans in accordance with company guidelines.
  • Be able to make quick decisions & have good judgment skills & analytical skills.
  • Conduct various ad-hoc analyses to support strategy & monitoring functions.
  • Provide insight for process improvement across functional areas.
  • Support the implementation of new strategic initiatives based on data analysis of related KPIs & monitor/track results accordingly.
  • Lead projects & delegate project tasks based on junior staff members' individual strengths, skill sets & experience levels.
  • Identify opportunities to enhance the Underwriting teams efficiency & develop strategies to implement them.
  • Assist in the development & implementation of the departments short- & long-term goals & objectives.

Qualifications to make it happen:

Required

  • 5+Years of Commercial loan Underwriting or Small business loan underwriting: Equipment Finance, Asset Based Lending.
  • 2+ Years of Project Management experience.
  • Demonstrate strong underwriting skills, strong understanding of credit policy & procedures & can appropriately risk-rate loans/credits, evaluate both cash-flow & collateral-based loans/credits.
  • Strong knowledge in equipment finance transactions.
  • Strong analytical, writing & presentation skills.
  • Flexible & adaptable to dynamic environment.

Preferred

  • SAS/SQL
  • Tableau, R/Python Knowledge
  • Formal Credit Training
  • Project Management expertise

About OnDeck:

OnDeck is the largest online small business lender in the U.S. Since 2007, weve issued over $12 billion in loans for many business needs including inventory purchase, equipment acquisition, hiring, & general corporate purposes. Serving more than 700 industries throughout the country, OnDeck has been trusted by over 100,000 small businesses by providing them with a term loan or line of credit to help them build a growing & thriving enterprise.

Click here for a glimpse inside our offices

At OnDeck, its We Before Me. We support each other & we love seeing people succeed. Thats why we offer a competitive & comprehensive benefit program with a variety of options & opportunities.

We offer:

+ Flexible Paid Time Off; Paid Sick Days; Paid Holidays; Paid Birthday

+ Comprehensive Healthcare (Medical/Dental/Vision/Life Insurance)

+ Wellness Subsidy & Mental Health Coaches

+ Voluntary Auto/Home/Pet Insurance

+ Educational Reimbursement; Flexible Working Arrangements

+ 401k Matching, Loan Consolidation, Employee Stock Purchase Program

+ Paid Parental Leave & Sabbaticals

+ Affinity Groups & Volunteer Events

We are going to ask you to talk about your accomplishments. Here are some of ours:

Built in Colorado, Top 100 Digital Companies in Colorado, 2015, 2016, 2017

Built in NYCs Best Places to Work, 2019

Colorado SHRM Best Companies to Work for in Colorado, 2015

Crains New York Best Places to Work, 2013, 2014, 2015

Crains New York Business Fast 50, 2013, 2014, 2016, 2017

Denver Business Journal Largest Technology Employers in Denver, March 2019

FinTech Breakthrough Award Best Overall LendTech Company, 2018

Fortune 50 Best Workplaces for Diversity, 2016

Fortune 50 Best Small & Medium Companies to Work For, 2016

Fortune 30 Best Workplaces in Finance & Insurance, 2016

Fortune.com & Great Place to Work 100 Best Workplaces for Millennials, 2015

Fortune/Great Place to Work Great Rated! Peoples Picks: 20 Great Workplaces in Financial Services, 2015

Forbes Americas Most Promising Companies, 2013, 2014

Great Place to Work Certification, 2017, 2018, 2019

500|5000, 2013, 2014

Hire Power, 2013

Lending Trees Top-Rated Customer Satisfaction, Q1 2018

Selling Power Magazine Best Company to Sell For, 2013, 2014, 2015, 2016, 2017, 2018, 2019

US News & World Report, Best Unsecured Business Loans of 2018 Best for Term Loans

Washington Post Top Workplaces, 2019

WorldatWork, 2017 Seal of Distinction

As part of our dedication to maintaining an inclusive & diverse workforce, OnDeck provides equal employment opportunities (EEO) to all employees & 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 & local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms & conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation & 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 OnDecks employees to perform their job duties may result in discipline up to & including discharge.

**No external recruiters or agents, please.**

 
 
 
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