PM Lead Credit Underwriter at Watercress Financial Group LLC

West Des Moines, Iowa, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Sep, 26

Salary

32.0

Posted On

04 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Underwriting, Credit Analysis, Team Leadership, Risk Assessment, Quality Assurance, Policy Documentation, Residential Lending, Decision Making, Microsoft Excel, Time Management, Compliance Standards, Mentorship, Problem Solving, Organizational Skills, Communication Skills, Adjudication

Industry

Financial Services

Description

Description We are seeking an experienced individual to join our dynamic team within the home improvement financing sector as a Lead Consumer Underwriter. This elevated role combines the analytical rigor of consumer credit underwriting with the leadership qualities needed to guide and enhance our underwriting team's capabilities. The individual will be a source of support for the entire Risk department, including Underwriters, Contractor Support Specialists, and blended roles. The selected candidate will be instrumental in overseeing the adjudication of residential home improvement loans, providing expert analysis, providing support to contractors, and leading the credit team through mentorship and quality assurance. The ideal candidate will bring a blend of analytical expertise and leadership background to ensure our underwriting processes are both efficient and effective, supporting our mission to offer superior home improvement financing solutions in a high-volume production environment. RESPONSIBILITIES Credit Underwriting & Analysis: Perform in-depth credit analysis and adjudication for consumer credit applications, ensuring compliance with company policies. Handle complex cases and provide guidance on escalated issues from team members. Team Leadership & Development: Serve as a mentor and coach for the underwriting and contractor support teams fostering skill development in credit analysis, risk assessment, and policy compliance. Act in a supervisory capacity, promoting a culture of high performance and continuous improvement. Quality Assurance & Policy Documentation: Lead quality assurance efforts, ensuring the accuracy and integrity of underwritten loans. Participate in creation and maintenance of underwriting procedures and documentation, contributing to system testing and enhancements. Operational Collaboration: Collaborate with cross-functional teams to identify risk trends, participate in audits, and support system and process improvements. Provide strategic input on credit policies and practices to adapt to changing market conditions. QUALIFICATIONS Bachelor’s degree or equivalent, with a preference for backgrounds in finance, business, or related fields. Minimum of 7 years of experience in underwriting, with a strong preference for expertise in the home improvement or residential lending sector. At least 2 years in a leadership or supervisory role, with proven ability to train, mentor, and enhance team performance. Exceptional analytical, organizational, and decision-making abilities. Excellent communication skills, both written and verbal. Proven ability to manage time effectively and work both independently and as part of a team. Knowledge of lending regulations, compliance standards, and industry trends in home financing. KNOWLEDGE AND SKILLS Strong verbal and written communication skills. Advanced proficiency in Excel and other Microsoft Office applications Ability to work independently and within a team. Strong analytical, problem-solving, and decision-making abilities, with a keen attention to detail. Superior time management and organizational skills, capable of managing high-volume workloads in a fast-paced environment. Ability to work independently as well as collaboratively within a team. Broad industry knowledge, particularly in home improvement lending, with a continuous drive for learning and improvement. DETAILS Hourly rate starting at $32/hour depending on experience. Plus up to 7.5% of annual salary paid out on a monthly basis, based upon performance, after the first 90 days of employment. All weekday hours after 5PM and all weekend hours are paid at a +10% pay differential. Schedule will be Tuesday - Friday until 9:30PM and Saturday 9AM - 5PM. Hybrid work schedule available, evenings and weekends are remote.

Responsibilities

Oversee the adjudication of residential home improvement loans and perform in-depth credit analysis. Lead and mentor the underwriting team while managing quality assurance and updating credit policies.