About Company
Empowering financial professionals to thrive, Career.zycto is at the forefront of innovative lending solutions. We champion a culture of trust, autonomy, and continuous improvement, believing that our collective success stems from each individual’s expertise. For a diligent Loan Underwriter seeking impact and flexibility, our dynamic environment offers unparalleled opportunities to shape the future of finance from anywhere. Join a team where your analytical prowess directly contributes to responsible growth and client satisfaction, all while enjoying the freedom of a truly remote role. We invest in our people, fostering development and recognizing dedication.
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Job Description
This is an exciting opportunity for an experienced and meticulous Loan Underwriter to join Career.zycto’s dynamic team in a fully remote capacity. As a Loan Underwriter, Work from Anywhere, you will play a pivotal role in our lending operations, ensuring the soundness and profitability of our loan portfolio. Your expertise in assessing financial risk and adherence to regulatory guidelines will be critical in making informed decisions that support both our clients’ aspirations and the company’s financial health. We are seeking a professional who can independently evaluate loan applications, analyze complex financial data, and communicate underwriting decisions clearly and concisely.
In this role, you will leverage your analytical skills to review a diverse range of loan applications, including but not limited to residential mortgages, personal loans, and small business credit facilities. You will be responsible for scrutinizing credit reports, income statements, asset documentation, and collateral valuations to determine eligibility and appropriate risk levels. A keen eye for detail and a comprehensive understanding of underwriting principles are essential to identify potential red flags and mitigate exposure. This position demands not just technical proficiency but also strong judgment and the ability to adapt to evolving market conditions and internal policies.
Career.zycto is committed to fostering a supportive yet results-driven remote work environment. You will be empowered to manage your workload effectively, collaborate with a dispersed team of lending specialists, and contribute to the continuous improvement of our underwriting processes. We value proactive communication and a commitment to maintaining high standards of accuracy and efficiency. This is more than just a processing role; it’s an opportunity to apply your strategic thinking to safeguard our investments and help individuals and businesses achieve their financial goals. If you thrive on precision, enjoy solving complex financial puzzles, and are looking for a role that offers significant autonomy and impact from the comfort of your chosen workspace, we encourage you to apply. We are looking for someone eager to grow with us and contribute meaningfully to a forward-thinking financial institution.
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Key Responsibilities
- Independently analyze and underwrite loan applications, assessing creditworthiness, collateral, and capacity to repay.
- Evaluate financial statements, credit reports, income verification, and other relevant documentation to determine risk.
- Ensure all loan applications comply with internal policies, credit guidelines, and relevant regulatory requirements (e.g., OSFI, FCAC).
- Communicate clear, concise, and justifiable underwriting decisions to loan officers and applicants.
- Collaborate with lending specialists to gather additional information or resolve discrepancies.
- Maintain accurate and thorough documentation of all underwriting decisions and processes.
- Identify and mitigate potential risks, making recommendations for alternative solutions when appropriate.
- Stay current with industry trends, market conditions, and changes in lending regulations.
- Contribute to the ongoing development and refinement of underwriting policies and procedures.
Required Skills
- Proven experience as a Loan Underwriter in a financial institution.
- Strong analytical and decision-making skills with exceptional attention to detail.
- In-depth understanding of credit analysis, financial statements, and lending principles.
- Familiarity with relevant lending regulations and compliance standards in Canada.
- Excellent written and verbal communication skills.
- Proficiency in financial software and Microsoft Office Suite (Excel, Word).
- Ability to work independently in a remote environment with minimal supervision.
- Strong organizational skills and ability to manage multiple priorities effectively.
Preferred Qualifications
- Bachelor's degree in Finance, Business Administration, Economics, or a related field.
- Professional certifications (e.g., Mortgage Agent License, Certified Financial Planner) are an asset.
- Experience with various loan products, including residential mortgages, personal loans, and small business lending.
- Demonstrated ability to adapt to new technologies and underwriting systems.
- A track record of consistently meeting or exceeding underwriting targets and quality metrics.
Perks & Benefits
- Competitive salary and performance-based incentives.
- Comprehensive health, dental, and vision insurance.
- Flexible 'Work from Anywhere' model, promoting work-life balance.
- Generous paid time off and holidays.
- Opportunities for professional development and career growth.
- Technology stipend to support your home office setup.
- Supportive, collaborative, and inclusive company culture.
- Employee assistance program.
- Retirement savings plan contributions.
How to Apply
Ready to bring your underwriting expertise to a forward-thinking remote team? We encourage you to click on the link below to submit your resume and cover letter. Tell us why your skills and experience make you the ideal candidate for this Loan Underwriter, Work from Anywhere role at Career.zycto.
