About Ascendus

Ascendus is a nonprofit small business lender whose vision is to create a world of financial ascension for all. Our mission is to empower low-to-moderate income entrepreneurs through access to the capital and business support to create and grow healthy enterprises and contribute to thriving local economies. Since 1991, Ascendus has provided more than $297 million to 35,890 small business owners across the country. For more information, visit www.ascendus.org.

 

Role

Using past underwriting practices, our current policies/guidelines, analytical skills and sound judgment, the Underwriter’s role is to decide whether and on what terms to extend a loan to a small business owner. While supporting the organization’s lending goals, the Underwriter is also responsible for ensuring we maintain a quality portfolio. The Underwriter works with the lending and loan service teams, and reports to the Credit Risk Manager as part of a cross-collaboration effort to meet production goals and consistency across the board. Potential for growth within the Credit Risk Department. 

 

Outcomes

·       Review up to 40 loan submissions per month in a manner consistent with policies and procedures and good business judgment

·       Maintain two (2) business day turnaround from submission to UW to loan approval

·       Maintain portfolio quality at or below organizational goal

·       Perform monthly credit quality analysis on active loan portfolio, as needed by Credit Risk Manager

·       Support Credit Risk Manager with department projects as needed

Key Competencies

·       Communication.  Speaks and writes clearly and articulately without being overly verbose or talkative.  Maintains this standard in all forms of written communication, including e-mail.

·       Teamwork.  Reaches out to peers and cooperates with supervisors to establish an overall collaborative working relationship.

·       Analytical skills.  Able to structure and process qualitative or quantitative data and draw insightful conclusions from it.  Exhibits a probing mind an achieves penetrating insights.

·       Efficiency.  Able to produce significant output with minimal wasted effort.

·       Organization and planning.  Plans, organizes, schedules, and budgets in an efficient, productive manner.  focuses on key priorities.

·       Attention to detail.  Does not let important details slip through the cracks or derail a project.

 

Minimum Requirements

·       Alignment with core values of adaptability, dedication, empathy, inclusion, integrity and passion.

·       BA/BS degree with concentration in business, economics, math, finance or related field.

·       Strong proficiency in Microsoft Office including Excel, Word, and PowerPoint

·       Preferred:  Work experience in banking or financial services industry

 

COMPENSATION & BENEFITS

 

·       Salary depending on experience

·       Competitive salary

·       100% employer paid medical, dental and vision premium plan offerings (savings of $6K – $12K per annum)

·       Robust medical plans with $0 deductible and 0% co-insurance options available

·       Each employee receives $1,500 employer paid HRA card for wide range of medical-related expenses such as co-pays, prescriptions, etc.

·       Eligible for 401(k) participation after thirty (30) days of employment

·       Participation in Success Share Plan (a profit-sharing program)

·       Summer Friday’s

·       Parental Leave Plan

·       13 paid holidays and generous paid time off policy

·       Annual company-funded offsite retreat