Underwriter - Aviation & Transportation

Job description

Job Number

2719151

Business

GE Capital

Business Segment

Capital Industrial Finance

About Us

GE Canada works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. This is your chance to become a part of a company internationally known for its reputation as an innovative industry leader that will invest in your success and growth. GE has been recognized as one of Canada's Top 100 Employers in 2014. Join GE Canada and help us make a real difference creating the next generation of products and services that will impact the world for generations to come. For more information visit our website at www.ge.com/ca and follow us on Twitter at: http://twitter.com/GE_Canada and YouTube at http://www.youtube.com/user/GECanada.
Working Capital Solutions (WCS) leverages the financial solutions and industry expertise of GE Capital to offer Accounts Receivable management on a global basis to GE and its affiliates. We offer a full range of Accounts Receivable management capabilities, including financing and servicing solutions through our world class people, processes and technologies With over $62B receivables purchased annually and over $13B of assets managed in 2013, WCS provides credit and collections services through five Centers of Excellence and over 15 locations globally.
WCS is committed to employing a diverse workforce throughout the world, and to providing all employees with opportunities to reach their growth potential and contribute to the progress of the communities we serve.
Our achievements reflect a culture of meritocracy where every employee can be a leader. We believe that when one person grows and improves, we can all grow and improve, as we continue to meet and anticipate the needs of customers around the world.

Posted Position Title

Underwriter - Aviation & Transportation

Career Level

Experienced

Function

Risk Management

Function Segment

Underwriting

Location(s) Where Opening Is Available

Canada

U.S. State, China or Canada Provinces

Ontario

City

Mississauga

Postal Code

L5N 5P9

Relocation Assistance

No

Role Summary/Purpose

As a member of our North American Risk team, you will support the Aviation & Transportation portfolio team by underwriting debtor limits and manage operational processes associated trade credit receivables for GE Aviation and Transportation clients.

Essential Responsibilities

• Underwrite debtors to establish trade credit lines for up to $1 million independently
• Prepare historical or pro forma financial models to determine operating performance, assess risk and perform valuation analysis in order to make supportable credit recommendations
• Review and maintain underwriting rationale for credit limits in systems and portfolio quality reports
• Manage debtor validation and grouping process; contact clients as necessary
• Perform Enhanced Due Diligence (EDD) on debtors flagged by AML / Bridger checks
• Manage trade credit insurance process, which includes: applications, amendments, cancellations, reconciliations, adjustments, and documentation

• Assist in managing new client integrations (due diligence, scheduling, etc.) and managing early read opportunities received from clients
• Support Sr. Underwriters in preparing files for underwriting and execute operational processes to ensure timely funding
• Co-ordinate syndication activities, execute asset sales and manage reporting with Capital Markets
• Manage client reporting and handle inquiries on non-funded drivers
• Support coding of debtors / invoices in systems as required
• Participate in portfolio reviews and provide inputs as required
• Participate in various cross-functional initiatives to support compliance and process enhancements; this includes but is not limited to operational risk, regulatory compliance, audits, systems enhancements, client engagement rules, process optimization studies, etc.
• Assist Sr. Underwriters in preparing credit write-ups when required

Desired profile

Qualifications/Requirements

• Undergraduate University degree in Business, Commerce, Finance or Accounting
• 3+ years' experience in underwriting or portfolio management
• Experience in financial statement analysis, financial modeling, and valuation
• Experience preparing financial information, interpreting financial performance, and assessing risk
• Experience preparing and delivering presentations to management and peers
• Strong analytical & data management, problem solving and process oriented skills
• Superior Excel, Power Point, and database querying skills
• Demonstrated ability to learn new systems quickly
• Well organized; ability to manage several deliverables and meet strict deadlines
• Team player but able to work independently and manage priorities
• Strong written and verbal communication skills
• Flexible working schedule to accommodate global clients in various time zones, including weekend work as required

Desired Characteristics

• Detailed knowledge of or work experience in the Aviation, Transportation, Energy, Oil & Gas or Healthcare sectors preferred.
• MBA in Finance or Accounting
• Experience with Moody's RiskCalc or similar products
• Factoring industry or credit insurance experience
• Exposure to leasing / lending businesses and financial products preferr