Financial Risk Manager

5 days ago


Chicago, Illinois, United States Formic Full time
Revolutionize American Manufacturing with Formic

We are a fast-growing startup on a mission to make automation accessible to all manufacturers. Our unique Pay-for-Productivity robotics solutions combine the best automation technology, tools, and uptime services for manufacturers, paving the way for a new era of supercharged efficiency and competitiveness.

About the Role

The Credit Officer is a key part of our team, responsible for evaluating credit applications from small- to medium-sized businesses to assess creditworthiness, completeness, and compliance. This role requires strong technical skills, including financial statement analysis and credit risk management.

Responsibilities
  • Evaluate credit applications to assess creditworthiness, completeness, and compliance
  • Contribute to evolving our credit risk management processes and support both process improvement and capital markets initiatives
  • Work closely with various functions across the company to support the sales process while addressing risk and ensuring compliance with established policies

This is an excellent opportunity to join a talented and diverse team united behind our mission to revolutionize American manufacturing.

Requirements
  • A 4-year degree in any discipline, with preference for a Business Administration, Finance, Accounting, or Economics preferred, or equivalent experience/on the job training
  • 7+ years of commercial credit underwriting experience in a commercial bank, investment bank, credit fund, or fintech company
  • Knowledge and experience in credit underwriting of equipment transactions is highly desirable experience
What We Offer
  • Total rewards packages at Formic consist of salaries benchmarked against similar stage growth companies, insurance (medical, dental, vision, life, STD, LTD), and equity in Formic itself
  • Equity in Formic: your slice of ownership in a fast-growing Series A startup, backed by some of the best investors in the world
  • Fearless Optimism: you share our ambitious vision of what we can accomplish and seek to drive change for our customers, and for the manufacturing industry at large


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