STEVEN CHABALIK
New York,United States
Summary
FINANCE PROFESSIONAL Due Diligence Specialist / Risk Management / Underwriting Detail-oriented and results-driven Due Diligence Specialist with extensive experience in conducting comprehensive background searches to deliver cash advance approvals or denials while maintaining underwriting standards and analyzing credit status. Proven expertise in evaluating business histories and assessing creditworthiness to ensure sound funding practices. Proficient in utilizing industry tools and databases to compile accurate data and provide risk assessment. Strong analytical abilities, excellent communication skills, collaborating with Sales, and adept at working in fast-paced environments.
Overview
14
14
years of professional experience
Work History
Due Diligence Specialist
PROSPERUM CAPITAL PARTNERS DBA ARSENAL FUNDING
New York, NY
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
- Worked with merchants having existing Federal & State Tax Liens to verify or establish Installment Payment Agreements (IPAs), increasing approvals by 25%
Associate Managing Director
AMERICAN MICROLOAN LLC
Fort Lee, NJ
09.2010 - 03.2020
- 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
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
Education
Bachelor of Arts - English
QUEENS COLLEGE OF CUNY
Flushing, New YorkSkills
- Risk Assessment Professional
- Accounts Receivable Financing
- Risk Assessment and Mitigation
- Underwriting, Credit Analysis
- Client Relationship Management
- Documentation management
References
References available upon request.
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
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