Associate - Underwriter at NEWITY LLC

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

15 Jan, 26

Salary

90000.0

Posted On

17 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Small Business Lending, SBA 7(a) Loans, Financial Mathematics, Cash Flow Analysis, Tax Return Review, Financial Statement Analytics, Microsoft Suite, SharePoint, Teams, OneNote, Excel, Interpersonal Skills, Communication Skills, Mentoring, Collaboration

Industry

Financial Services

Description

Description About Us: NEWITY is America's source for small business capital, dedicated to providing access to SBA loan solutions. Achieving our vision requires more than ambition. It demands resilience, collaboration, accountability, professionalism, and a relentless drive to improve. Our culture moves quickly, fosters excellence, and rewards those who take initiative. It’s not for everyone, but if you’re energized by challenge, motivated by impact, and ready to grow alongside teammates who share your commitment, there’s no better place to build your career. Job Summary: We are seeking a driven and detail-oriented Underwriter to join our team. The ideal candidate will have 2-5 years of work experience in small business lending or finance, with a preference for experience in 7(a) lending. This role requires strong organizational skills, a high level of attention to detail, and the ability to work hard to deliver results. As an experienced team member, you will be expected to set an example and mentor junior team members on best practices. If you are hungry to learn, take ownership, and make an impact in shaping the future of small business capital access, this role is for you. Description & Responsibilities: Determine loan feasibility and lender creditworthiness Perform analysis for loan requests and submit timely completion of credit review for new and renewing loans Prepare and present loan requests to credit managers Mentor loan processors and junior underwriters Collaborate with cross-functional teams to support conversion and increase revenue Manage borrower relationships and actively ensure a positive customer experience Maintain excellent professionalism in performance, accountability Identify new opportunities and ideas to increase efficiency and effectiveness Compensation: Base Salary $70,000 - $90,000 + Production Incentives Requirements Degree in Business, Economics, Finance, or related field 2-5 years of underwriting experience, specifically in small business lending or SBA 7(a) loans Proficiency in financial mathematics, including cash flow analysis, tax return review, and financial statement analytics Experience using Microsoft Suite, including SharePoint, Teams, OneNote, and Excel Comfortable in dynamic, high-volume environments Exceptional interpersonal, written, and verbal communication skills Ability to mentor peers and collaborate closely with other team members Intensely driven to produce outcomes aligned with the Company’s strategic objective Entrepreneurial, willingness to take on challenges outside of the immediate job description Comfortable in a high-volume, high-pressure environment, available to work long hours when needed Familiar with using HubSpot or other CRMs preferred Understanding of SBA SOPs preferred

Responsibilities

The Underwriter will determine loan feasibility and lender creditworthiness, perform analysis for loan requests, and prepare loan requests for credit managers. Additionally, the role involves mentoring junior team members and managing borrower relationships to ensure a positive customer experience.