Underwriter

About the Role

Caribou is looking for an experienced underwriter with 5+ years of auto lending experience. As an experienced underwriter you have expert skills to assess and validate the creditworthiness of a borrower and decision to approve or decline an application. In this role, you will:

• Skilled with working with both prime and non prime borrowers
• Able to work in a manual, judgmental and auto approval credit environment
• Able to work in a technology driven application process
• Review a high volume of daily auto loan applications on a timely basis
• Ensure loans are being approved in line with credit policy and compliance
• Work efficiently with attention to details
• Identify and document loan errors and communicate with lenders for error resolution
• Review and verify loan is accurate and complete
• Experienced with reviewing, validating and confirming accuracy of required documentation (STIPS)
• Communicate and work along with Credit Analytics team

This role can be based out of Caribou offices in Washington, DC and Denver, CO. Alternatively, this role may work remotely from a state where Caribou operates*. This role may require attendance at occasional in-person team meetings.

About You

You are a skilled underwriting professional in the auto finance servicing business working for banks, finance companies or other Fintechs. You are proactive, and are able to work at a high growth startup. You:

• Have strong auto, manual and judgmental loan underwriting and information validation skills and can articulate these decisions in written form
• Work efficiently and accurately
• 5+ years of experience working with FICO scores across the credit spectrum
• Skilled in analyzing financial information, verifying income, Fraud, and making decisions to approve, counter-offer, or deny a loan based on prescribed credit policies
• Able to assess and escalate exceptions (as needed) and document decision rationale
• Familiar with working with both manual as well as automated decision technology and familiar with auditing and reviewing systems to confirm accuracy of credit policy and  documentation (STIPS)
• Have strong judgmental skills when reviewing applications
• Able to work in Date Driven environment and work with credit analytics to recommend appropriate credit policy
• Organized and detailed oriented
• Good communication skills
• Able to problem solve
• Team player 
• Attention to detail with ability to prioritize and manage daily responsibilities with little oversight

Everyone at Caribou is a valued team member, and we always strive to live up to our value Take Care of Each Other. Our compensation and benefits package includes:

• Competitive base salary of $80K- $90K
• Equity in a high-growth company.
• 401k savings program with 3% company contribution.
• Generous paid time off including: 20 days accrued PTO per year, 14 annual company holidays, 16-weeks paid parental leave, bereavement leave, and volunteer day.
• Robust wellness benefits including company-paid plans for health, dental, vision, mental health, disability and basic life insurance.
• Optional benefits to suit your individual circumstances such as HSAs, FSAs, supplemental life and medical insurance, and pet insurance.
• Up to $1,000 per year for eligible professional development expenses.