Senior Underwriter

4 weeks ago


New York, United States Biz2Credit Inc. Full time

Description
About Us
Founded in 2007, Biz2Credit is rated as the Number 1 small business financing resource in the U.S. by Entrepreneur Magazine. Till date, we've facilitated more than $8 billion in small business funding.
Biz2Credit, an all-in-one financing solution for entrepreneurs to get small business funding with fast approval process. Explore the best small business financing options with us
Biz2X is the technology platform that has helped Biz2Credit become the premier alternative funder for small businesses. Now, traditional banks are leveraging our expertise and experience to automate small business lending. Biz2X allows banks to implement AI-powered digital banking. This allows bank's clients to have a fully omnichannel experience with data and workflows that adapt seamlessly to the bank's core banking systems.
Biz2X platform's world-class risk solutions are based on AI algorithms that enables auto decision-making and quick processing. Biz2X is "One Platform That Does It All" - automates lending, optimizes risk management, and improves operational efficiency.
We seek senior underwriters who have experience underwriting for Merchant Cash Advance (MCA) businesses.
Responsibilities for the role

  • Perform due diligence on eligible deals (e.g., valuation, credit review, financial document review, merchant research, risk assessment, review site inspections, etc.) Analyze the data from prospective merchant applications. credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
  • Conduct interviews with merchants
  • Collaborate with Processing department to finalize
  • Present pricing, stipulations, and terms within risk parameters for eligible deals; communicate funding offers to merchants
  • Analyze the data from prospective merchant applications. credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
  • Interact with internal Sales Team and the Funding Team
  • Apply appropriate underwriting criteria to applications following published credit policy to mitigate financial exposure properly.
  • Read and analyze credit reports, merchant processing statements, bank statements, and financial statements to determine the merchant's ability to support the exposure associated with their business type and requested parameters.
  • Gather due diligence data from various locations, including but not limited to third party vendor websites, the internet, the client obtained data, etc. to make approval/denial decisions
  • Performing extensive due diligence searches on each client submission eligible for an offer, including lien searches, landlord verifications, order credit reports, and background searches


Requirements

  • Minimum of 7+ years of experience working for a financial services firm,
  • preferably in the cash advance or MCA space.
  • Underwriting experience in alternative financing (MCA, Term Loans)


Benefits & Perks
Generous medical, dental, and vision insurance.
401K match, stock options, 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 2022.
Crain's New York Fast 50.
Great Place to Work Certified.
Salary Range
$80k-$110k



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