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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.



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.


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.


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.


Salary Range
$42,000.00 - $74,000.00
per Year
Salary range estimated by
salary estimation provided by zippia
Madison, WI, 53703, US