Financial Underwriter

Wisconsin Economic Development Corporation

Position Description

Position Title: Financial Underwriter

Department: Financial Services

Reports to: Senior Financial Underwriter Director

Position(s) Supervised: N/A

FLSA Status: Exempt

Position Summary

The Financial Underwriter is responsible for providing project management support to deliver projects within the established budget and timeline. This position is a key business member of a project team, participates in program and project development, disseminates project information and is an active participant in project-related work groups and committees.

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Responsibilities

The Financial Underwriter will spend a majority of his/her time in these activities:

• Serve as project representative or loan officer on business or community development incentive projects.
• Work with financial networks, local and economic development networks and other entities in negotiating and developing project funding.
• Develop networks to support business funding.
• Evaluate business or community financial assistance applications, recommend incentive awards, and work with the Contract Specialist and others to negotiate contract terms with award recipients.
• Demonstrate timely completion of financial assistance application reviews and recommendations.
• Demonstrate strong business writing skills.
• Effectively demonstrate communication, organization, problem solving, project management, continuous improvement and interpersonal skills.
• Demonstrate solid proficiency with all WEDC project databases.
• Participate in program, policy and process development activities
• Proactively and consistently bring tasks to successful completion, implementation of financial packages that enhance financial performance and client growth within the established budget and timeline.
• Act as a key member of the project team, participate in program and project development, disseminate project information and be an active participant in project-related work groups and committees.
• Review and analyze business or community assistance projects and provide recommendations for funding.
• Act as a financial packaging expert who maintains rapport and works closely with financial networks that fund and invest in business prospects or community development projects.
• Review historical and projected financial statements, including corporate and personal statements in determining financial risk in economic development projects.
• Draft staff reviews of financial assistance applications.
• Assist Underwriting Team Program Managers to review and revise program operations to assure program consistency with WEDC mission.
• Assist the Contract Specialist in the development of financial assistance contracts, loan documents and other documentation.
• Assist in the creation and maintenance of program applications, implementation manuals, and guides.
• Maintain knowledge of public and private business development resources.
• Participate in training and membership in organizations to enhance professional development.
• Represent WEDC at public relations events, conferences, and meetings regarding economic development.
• Other duties as assigned.

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Education and Experience:

• Degree in Business Administration, Finance, Economics, Accounting, related field or comparable education/experience/training.
• Minimum of three years of experience in underwriting or related field.
• Senior level commensurate with experience.

Skills and Talents:

• PC applications including word processing, spreadsheet, database management and Windows software.
• Quantitative, analytical and problem-solving skills.

• Strong written and verbal communication skills to deal effectively with senior executives, as well as diverse groups of people internal and external to the organization, team player.
• Organizational and record-keeping skills; attention to detail.

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Other Requirements

• State-wide travel will occur on an occasional basis, less than 20% of the time. Travel is anticipated to include day and overnight travel.
• Based on the responsibilities of this position, this position may need to lift and/or move up to 10 pounds.

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