Underwriter

About this role

• **About BrightStar:** As a member of BrightStar 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, BrightStar offers a diverse range of financial services and opportunities.
• BrightStar 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.
• **What we offer:** * Weekly pay with a BSCU account and Direct Deposit * Medical, Dental, and Vision * 401 (k) Plan with Matching * Tuition Reimbursement Program * Supplemental Benefits * Engagement Area * Wellness Studio & Gym * Company-Paid Life Insurance * Health Savings Account with Company Contributions **About the Role:** 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 BrightStar'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.
• Job Responsibilities: * Risk evaluation.
• + 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.
• * Collaboration.
• + Collaborate with other underwriters and team members for analysis of more complex transactions, including small business loans.
• * + May participate in departmental projects.
• + 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.
• **Minimum Expectations of Knowledge and Skills:** 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.

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