ProducePay has created the first ever online financing and insights platform for fresh perishable produce. The Los Angeles-based company has raised over $290MM+ to help the multi-billion dollar Agriculture Industry and work with hundreds of growers, distributors, and receivers across the world. At the intersection of Tech, Finance and Ag, ProducePay’s product is as fascinating as it is challenging. We are committed to building a better supply chain for fresh produce, one that places trust at the center of every transaction. We think that food is the essence of life and that how we grow our food is linked to many of today’s challenges (health, climate, water and more).
Job Description Summary: We are rapidly expanding and are looking for and Underwriting Associate to efficiently support Underwriting team members, to work in conjunction with other departments as well as individually. The position requires skills in time management, multitasking, detail oriented and analytical skills.
•Conduct reviews on deals underwriting requests, covering background checks and document review and creation of financial tables
• Request and file RUG statements from our Mexican lawyers and make sure payment go out every Friday.
• Track Pre-season Pagares when they are not sent directly to the TJ or LA office, work directly with field ops or sales on the logistics of the pagare
• Executes contracts on preseason sending directly to CEO and CFO
• Update Monday boards on both Pre-season and In-season processes
• Cross reference financial documents looking for potential risk factors
• Package potential deals for finance committee, highlighting strengths and weaknesses
• Proactively manage the applicant pipeline while ensuring data accuracy and maintaining all underwriting quality standards
• Document clear and concise notes in every application including all customer correspondence, exceptions to established guidelines and critical account information relating to the final underwriting decision
• Assist in the refinement and streamlining of existing processes.
• Prepare Accounts for Underwriting: Match applicant accounts in preparation for the underwriting process
• Support the retrieval of documentation to assess credit worthiness of potential borrowers and minimize risk • Various analyses as need on a deal to deal basis to evaluate the risk of potential deals
Requirements
• BA/BS in Finance, Economics, Engineering, etc.
• 1 year in a client centered supportive role or administrative function within a fintech or financial services organization
• Proficiency with excel and basic formulas
• A can-do attitude, strong problem-solving mindset, and strong organizational skills with an outstanding eye for detail and a high degree of accountability
• Service-focused with superior time-management and communication skills.
• Fluent in Spanish and English (Speak, Read, Write)
• Comfortable with analyzing legal language in contracts
• Comfortable with analyzing financial statements
Benefits