STEVEN CHABALIK
New York
Summary
FINANCE PROFESSIONAL Detail-oriented Due Diligence Specialist with 15+ years of experience in conducting background searches, underwriting, and analyzing credit status. Skilled in database management, risk assessments, and documentation maintenance. Proficient in accounts receivable financing, mitigation, and client relationship management. Skilled in evaluating creditworthiness, analyzing bank statements, and managing risk exposure. Adept at fostering team collaboration and adaptable to changing needs to ensure optimal results. Known for precision, reliability, and delivering impactful outcomes in underwriting.
Overview
14
14
years of professional experience
Work History
Underwriter/Account Executive
MILLENIUM FUNDING, LLC
- Oversaw accounts receivable financing and delivered cash advances for clients ranging from five to six figures
- Provided ongoing support for sales team by overseeing lending approvals, enabling consistent portfolio growth
- Implemented centralized notes system to improve communication between underwriting and sales teams
Due Diligence Specialist
PROSPERUM CAPITAL PARTNERS DBA ARSENAL FUNDING
01.2022 - 01.2025
- Conducted due diligence by researching prior defaults with financial institutions; Uniform Commercial Code (UCC) filings, State & Federal Tax Liens; Bankruptcies, Judgments, Mortgages, Property ownership, Business ownership, Business affiliations, and Criminal history, thereby mitigating risks of defaults by 10+%
- Performed underwriting through careful review of bank statements to determine viability of submissions, based on in-depth credit analysis, prior loan history, and business potential based on industry type and length of time in operation
- Analyzed credit status of individuals, including Fair Isaac Corporation (FICO) scores and other financial information
- Collaborated with sales personnel to conduct joint calls and maximize sales potential
- Built relationships with property owners to verify applicant's rent information and implemented active leases as part of loan applications
- Implemented IRS 8821 form as part of standard application package, in order to be directly alerted about future Federal Tax Liens
Associate Managing Director
AMERICAN MICROLOAN LLC
09.2010 - 03.2020
- Worked with merchants having existing Federal & State Tax Liens to verify or establish Installment Payment Agreements (IPAs), increasing approvals by 25%
- Oversaw daily operations by delivering loan approvals or denials on all new applicants and maintaining underwriting standards for financing small Corporations and Limited Liability Companies
- Delivered loan approvals within five to six-figure range based on the ability to repay and the sales volume of borrower
- Performed due diligence on new clients, including UCC filings, State & Federal Tax Liens, Judgments, and outstanding liabilities
- Joined company shortly after start-up and established relationships with outside brokers to expand the initial loan portfolio
Education
Bachelor of Arts - English
Queens College of Cuny
Flushing, New YorkSkills
- Salesforce
- Risk Assessment
- Accounts Receivable Financing
- Risk Assessment & Mitigation
- Underwriting & Credit Analysis
- Client Relationship Management
- Documentation Management
- Joint Calls
- Cross-Functional Collaboration
- Time-Management
- Attention to Detail
- Analytical thinking
- Documentation management
Timeline
Due Diligence Specialist
PROSPERUM CAPITAL PARTNERS DBA ARSENAL FUNDING
01.2022 - 01.2025
Associate Managing Director
AMERICAN MICROLOAN LLC
09.2010 - 03.2020
Underwriter/Account Executive
MILLENIUM FUNDING, LLC
Bachelor of Arts - English
Queens College of Cuny
Similar Profiles
STEVEN CHABALIKSTEVEN CHABALIK
Due Diligence Specialist at PROSPERUM CAPITAL PARTNERS DBA ARSENAL FUNDINGDue Diligence Specialist at PROSPERUM CAPITAL PARTNERS DBA ARSENAL FUNDING
Manjit SinghManjit Singh
Senior Litigation Paralegal at Pearl Capital Business Funding Funding LLCSenior Litigation Paralegal at Pearl Capital Business Funding Funding LLC
Mir Hasan AliMir Hasan Ali
Senior Accountant at Millenium Chemical Trading LLCSenior Accountant at Millenium Chemical Trading LLC