Underwriter – Auto Loans

Company Description

Kora has built a proprietary non-FICO underwriting system that can provide financing to those who are normally turned away by traditional lenders. We already work with dealerships across the US, and we are looking to grow our business. Being part of an exponentially growing company, you will get exposure to all aspects of our business and generate impact proportionally to your ability. We are dedicated to becoming the one-stop financing platform for the underbanked and welcome all talents who share our dream of disrupting the traditional lending market with innovation.

Job Description

Kora is looking to hire a full-time underwriter for our Toronto, ON office with experience in reviewing, analyzing, and making lending decisions. The ideal candidate has at least 1 year of underwriting experience as well as meticulous attention to detail, a collaborative attitude, and the ability to work in a fast-paced environment.

Job Responsibilities

• A full-time underwriter at Kora is responsible for reviewing, analyzing, and approving applications for auto loans. Including eligible loan amount calculation, cash flow analysis, update loan settings per requested, and more as needed.
• Responsible for making lending decisions with supervisory underwriter and upper management, determining if additional information is necessary, and ensuring that all loan decisions comply with internal policies and federal and state regulations.
• Work closely with the customer support team and provide analytical & operational support.
• Collaborate with Data Scientists in various testing initiatives and projects

Qualifications

• Bachelor’s degree required in a business concentration such as mathematics, statistics, finance, economics, business administration, actuarial science, or other related fields
• Excellent communication, writing, and interpersonal skills.
• Previous underwriting experience is strongly preferred. Experience in auto loan or car dealership is a huge plus.
• Knowledge in Python is preferred
• Self-motivated and willing to assume responsibility
• Ability to work well under pressure and to meet deadlines
• Ability to drive change and improve efficiencies on the team
• Proficient in Excel
• Toronto, ON based

Incentives

• $60,000 – $80,000 CAD Annually
• Annual bonus based on individual and company performance
• Flexible work from home policy
• Comprehensive health, vision, and dental insurance
• Company provided MacBook
• Annual learning credit of $500