Sr. Asset Based Lending Underwriter
Sr. Asset Based Lending Underwriter
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$ 120750 - 257250
1 Vacancy
Job Description
Senior ABL Underwriter-Hybrid/Los Angeles CA
Summary
The Sr. ABL Underwriter will work under minimal supervision and partner with the Marketing Officers Loan Officers Audit Department and Executive Management to perform critical tasks to execute due diligence for prospects and clients.
How you will spend your time:
Responsible for a variety of Asset Based transactions from revolving lines of credit to secured and unsecured term loans
Coordinating activities to structure document and close transactions
Review minimum information requirements from qualified prospects
Coordinate collateral and credit department review evaluations
Update all activity with the originating Marketing Officer
Recommend structure and pricing of facilities sell pricing and structure to prospect ensure the prospect would fund in compliance with UMBs Credit Policy and Underwriting Guidelines
Coordinate lien searches legal document preparation and first funding and successfully transfer the prospect to the Loan Officer
Prepare potential new client presentations for committee approval
Provide training/guidance to associates when needed
We are excited to talk with you if:
You have a bachelors degree and 5 years of underwriting experience or experience managing asset-based lending and/or factoring accounts in a wide variety of industries
Proficiency in Word and Excel and other computer programs
Strong problem solving decision making and critical thinking skills
Ability to read and interpret financial and budgetary documents
Good organizational interpersonal and communication skills
Ability to negotiate and influence
Good customer relation skills
Good attention to detail the ability to multi-task and work effectively in a fast-paced environment
Compensation Range:
$120750.00 - $257250.00The posted compensation range on this listing represents UMBs standard for this role but the actual compensation may vary by geographic location experience level and other job-related addition this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information.
UMB offers competitive and varied benefits to eligible associates such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical dental vision and other insurance coverage; health savings flexible spending and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more
Youre more than a means to an enda way to help us meet the bottom line. UMB isnt comprised of workers but of people who care about their work one another and their community. Expect more than the status quo. At UMB you can expect more heart. Youll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing no matter what. And expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race color religion sex (including gender pregnancy sexual orientation and gender identity) national origin age disability military service veteran status genetic information or any other status protected by applicable federal state or local law. If you need accommodation for any part of the employment process because of a disability please send an e-mail to to let us know the nature of your request.
If you are a California resident please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
Required Experience:
Senior IC
Employment Type
Full-Time
