Senior Underwriter
About US:
Biz2Credit, a financial technology company founded in 2007, that provides funding to small business and Biz2X, a rapidly growing, high-growth Series B ($52M), SaaS digital lending platform start-up disrupting a $1.4 Trillion dollar industry. Biz2X’s fully configurable SaaS platform incorporates artificial intelligence & machine learning to provide a full end-to-end solution in the SMB, Commercial, and Consumer lending space. As our partners embark on a digital transformation of their business, our solution increases operational efficiencies, enhances risk controls, and enables overall business growth.
About this role:
Currently, we seek to hire a Senior Underwriter for our NY Office that will perform detailed, full-cycle underwriting for small businesses. A team player with the ability to take the initiative and mentor junior underwriters.
Responsibilities:
Work with the Relationship Managers in structuring, analyzing, and negotiating credit transactions.
Responsible for full-cycle underwriting of assigned small business financing.
Determine the ability of the client to repay financing based on analysis of the client’s cash flow statements, tax returns, and other financial information.
Perform detailed financial analysis on the small business, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy.
Perform credit analysis and financial statement analysis on co-owners, guarantors, and individuals to determine assets coverage for requested loan amounts.
Coordinate with Relationship Managers regarding customer calls and site visits.
Perform other due diligence as needed to determine the creditworthiness of a small business owner.
Requirements/Key Attributes:
Required Bachelor's Degree in Finance, Accounting, or similar discipline.
Must have a minimum of 3+ years’ “Hands-On” experience working in a Merchant Cash Advance / “Fast Pace” environment. SBA experience would be preferable.
Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry, and competitive analysis and projections.
Proficient in various spreadsheet and word processing applications (Excel and Word are preferred) including the use of graphs/charts, and Moody's financial analysis software.
Basic knowledge of credit principles, lending operations, loan research, and general credit policies.
Formal credit training preferred.
Team player with the ability to take the initiative and mentor junior underwriters.
Strong written and verbal communication skills.
Some Benefits & Perks:
Generous medical, dental, and vision insurance
401K match, commuter benefits, and employee incentive plan
Catered lunch and team events
In the News:
Named to Deloitte Technology Fast 500
Inc 5000 - fastest growing private companies in 2020
Crain’s New York Fast 50
Great Place to Work Certified
Biz2credit is an equal opportunity employer