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Associate Underwriter

Our client is looking to add an Associate of Due Diligence to their growing team. This company is doubling in size & there are a lot of opportunity for growth.Title: Associate of Due DiligenceLocation: Tysons- HybridSalary: $125K-130K (depending on experience)Keys to hire:• Commercial real estateJob Description:• Analyze financial data related to loan requests.• Evaluate loan documents are to insure accuracy and completeness.• Perform risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific risk factors.• Record loan denials and specific basis for declining application.• Monitor and report noncompliance with loan covenants.• Maintain client relationships and provide superior customer service.• Assist with technical underwriting issues and questions.• Review loan documentation and vendor reports to identify signs of fraudulent activity.• Develop and implement underwriting policies and proceduresQualifications:• Bachelor's Degree in Finance, Accounting, Business or related field• 2+ years of experience in underwriting, credit or risk analysis• Federal government contracting industry preferred

Average salary estimate

$127500 / YEARLY (est.)
min
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$125000K
$130000K

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What You Should Know About Associate Underwriter, Addison Group

Are you ready to make a significant leap in your career as an Associate Underwriter with a vibrant company in Tysons, VA? Our client is looking to expand their dynamic team, and this could be your opportunity to shine! As an Associate Underwriter, you will dive into the fascinating world of financial analysis, where your keen eye for detail will be paramount in evaluating loan requests and ensuring that loan documents are accurate and complete. Your expertise will help perform risk assessments on potential loan recipients, considering credit ratings and borrowing histories—a crucial aspect of the underwriting process. This role focuses not just on numbers, but also on cultivating strong client relationships, providing top-notch customer service, and addressing technical underwriting queries with confidence. You'll also play an essential role in monitoring compliance with loan covenants and investigating any signs of fraudulent activity within loan documentation. The company offers a generous salary range of $125K-130K, depending on your experience, and fosters an environment rich with opportunities for growth as they double in size. If you have a Bachelor’s Degree in Finance, Accounting, or Business and at least 2 years of underwriting experience, especially in the federal government contracting space, this role could be your next big step forward!

Frequently Asked Questions (FAQs) for Associate Underwriter Role at Addison Group
What are the main responsibilities of an Associate Underwriter at the company in Tysons?

As an Associate Underwriter in Tysons, you will handle crucial tasks such as analyzing financial data tied to loan requests, evaluating loan documents for accuracy, and conducting risk assessments on potential loan recipients. Your role will also involve maintaining client relationships and providing excellent customer service, which is key to the company's commitment to quality.

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What qualifications are necessary for an Associate Underwriter position at the Tysons company?

To qualify for the Associate Underwriter position, candidates should possess a bachelor’s degree in Finance, Accounting, or a related field. Additionally, having a minimum of 2 years of experience in underwriting, credit, or risk analysis, particularly in the federal government contracting industry, is preferred.

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What skills are essential for a successful Associate Underwriter at the company in Tysons?

Successful Associate Underwriters possess strong analytical and decision-making skills, as well as a keen attention to detail. Effective communication skills are also crucial for maintaining client relationships, along with proficiency in analyzing financial data and risk factors associated with loan applications.

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What is the salary range for the Associate Underwriter role in Tysons and what benefits could I expect?

The Associate Underwriter position in Tysons offers a salary range of $125K to $130K, depending on your experience. Additionally, employees can expect benefits commonly associated with competitive positions, such as health insurance, retirement plans, and bonuses based on performance.

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How can I enhance my chances of securing the Associate Underwriter role at the company in Tysons?

To boost your chances of securing the Associate Underwriter position, focus on highlighting your relevant experience in underwriting and risk analysis during your application. Showcasing any accomplishments or specific projects in the federal government contracting industry will further reinforce your suitability for the role.

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Common Interview Questions for Associate Underwriter
What experience do you have that qualifies you for the Associate Underwriter position?

Highlight your educational background, any relevant certifications, and specific experiences in underwriting or risk analysis. Discuss your achievements and how they relate to the responsibilities of the Associate Underwriter role.

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Can you explain the underwriting process you are familiar with?

Outline the steps of the underwriting process, focusing on your understanding of financial analysis, evaluation of loan documents, risk assessments, and compliance monitoring. This shows your grasp of essential procedures in underwriting.

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How do you handle difficult client situations?

Discuss your approach to problem-solving with clients, emphasizing communication skills, empathy, and proactive solutions. Provide an example of a challenging situation and how you effectively managed it.

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What tools or software have you used in your previous underwriting roles?

Mention any relevant underwriting software or financial analysis tools you have experience with. Highlight your comfort level with technology, as it's increasingly important in underwriting processes.

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Describe a time when you identified a fraudulent activity in loan documentation.

Share a specific instance in which you successfully detected signs of fraudulent activity. Emphasize your analytical skills and how your actions contributed to safeguarding company interests.

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How do you stay updated with industry regulations and changes?

Explain your methods for staying informed, such as following industry news sources, joining professional organizations, or attending workshops. Show your commitment to continuous learning.

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What do you believe are the key factors in assessing a loan application?

Discuss critical factors like credit rating, borrowing history, and financial stability. Explain how these elements guide your risk assessment and decision-making process.

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Can you explain how you would prioritize your tasks as an Associate Underwriter?

Talk about time management strategies, such as using checklists or prioritizing urgent requests, and how these techniques can ensure timely and accurate underwriting decisions.

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What are your long-term career goals as an Associate Underwriter?

Share your ambitions in the underwriting field and how this position aligns with your career path. Discuss your motivation for seeking opportunities for growth within the company.

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How would you approach a situation where you disagree with a colleague about a loan application?

Emphasize the importance of communication and collaboration in resolving disagreements. Share a tactic you might use, such as respectfully discussing differing viewpoints and reaching a consensus.

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To us, business is personal. As a leading professional services firm, specializing in consulting services and talent solutions, we are dedicated to empowering people. We take a consultative approach, delivering people with the precise skills and ...

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Full-time, hybrid
DATE POSTED
December 15, 2024

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