Jasmine Rivera-Salas
Wesley Chapel,FL
Summary
Hardworking Senior Underwriter effective at achieving control and profitability objectives according to company guidelines. Experienced in partnering with field producers to support marketing and sales activities. Over 9 years of experience in small business lending and cash advances.
Overview
7
7
years of professional experience
Work History
Senior Underwriter
Westfair Holding Group Inc
Chappaqua, NY
07.2021 - 12.2022
- Established new forecast tracking and management reporting system to improve availability and accuracy of financial data, triggering 15% increase in accuracy
- Conduct in-depth analysis for credit ability based on information derived from financial statements and analyzed sales revenues, costs, expenses, and tax rates of all business units in leading process automation companies
- Educated clients on different types of loans and credit options that are available, as well as educating them on portfolio of other services, regulations, and procedures
- Proven experience and success working in Business Development role, within targeted and Key Performance Indicator driven sales environment.
- Guided, mentored and coached underwriters in both technical and professional skills, instilling best practice and company standards.
Senior Underwriter
Advantage Capital Funding
New York, NY
02.2021 - 07.2021
- Effectively drove credit/underwriting analysis and diligence/transaction management, while providing exposure to full life cycle of MCA lending, from origination, due diligence, loan closing, securitization, and asset management
- Performed underwriting duties such as background due diligence, verification of documents including financials and bank statements, and completed funding with merchant interviews
- Performed credit analysis in support of financial capability assessments of co-owners, guarantors, and individuals; to determined assets coverage for requested advance amount
- Managed pricing team and worked alongside sales team to contract best terms and rates respective to each company's budget.
Senior Underwriter
Simply Funding
New York, NY
09.2020 - 02.2021
- Supported and developed firms underwriting process, including but not limited to review of Small Medium Business (SMB) credit reports, bank statements, and financial statements
- Effectively verify compliance of all submissions and products against all government agencies policies and guidelines
- Effectively review customer accounts or portfolios to evaluate, identify, and where needed raise potential issues of concern
- Conduct in-depth analysis to provide key background information of individuals and entities, using various internal/external research tools and techniques.
- Conducted 20 funding calls weekly and increased sales by 10%
Senior Underwriter
6th Avenue Capital
New York, NY
01.2019 - 03.2020
- Responsible for full credit cycle underwriting for SMB transactions, managed complete process from pricing to final underwriting and funding
- Thoroughly reviewed and disseminated final findings for consideration in credit approval process, to support approval or denials of credit requests
- Conduct in-depth data collection and analysis, to assess risk associated to new or current client, respective to their needs/requests
- Determined ability of SMBs to recompense advances based on analysis of SMB's cashflow, statements, tax returns, and other financial information where applicable based on guidelines.
Underwriter
Pearl Capital Funding
New Jersey City, NJ
09.2017 - 01.2019
- Managed underwriting pipeline of 250+ deals monthly made sure deals were processed within 24-48hrs
- Processed and analyzed documentations i.e
- (bank statements, credit reports, financial statements, tax returns and applications) for both individuals and businesses
- Collaborated with head of all departments with any status updates, findings, and credit decisions
- Participated in special projects to offer better rates for renewing clients
- Trained and assisted new team members on procedures and guidelines.
Underwriter
Merchant Cash And Capital LLC
New York, NY
06.2015 - 07.2017
- Reviewed incoming documents and approved and or ejected applicants within limited authority
- Performed credit analysis and due diligence with business partners i.e
- (Salesforce, Experian, Tax Guard, Clear, and Metro Site)
- Presented need for optimizing credit request supporting documentation and drove concept for identifying solution to manage intake of documentation to digital platform
- Collaborated with data engineers to create in-house intake process and recommended use of Adobe suite to support multiple document types for digital upload
- This created efficiencies in time, optimized review process by 40%, minimized human error in documentation management, and supported more enhanced data retention model.
Education
Bachelor of Science - Criminal Justice
Briarcliffe College
Bethpage, NY06.2012
Skills
- Risk Evaluation
- Quality Assurance
- Pricing Evaluations
- Renewing Policies
- MS Office Suite
- Adobe Software
- Business Development Assistance
- Financial Due Diligence
- Data Collection Monitoring
- Teamwork and Collaboration
Timeline
Senior Underwriter
Westfair Holding Group Inc
07.2021 - 12.2022
Senior Underwriter
Advantage Capital Funding
02.2021 - 07.2021
Senior Underwriter
Simply Funding
09.2020 - 02.2021
Senior Underwriter
6th Avenue Capital
01.2019 - 03.2020
Underwriter
Pearl Capital Funding
09.2017 - 01.2019
Underwriter
Merchant Cash And Capital LLC
06.2015 - 07.2017
Bachelor of Science - Criminal Justice
Briarcliffe College
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