At Fundbox, we are dedicated to supporting small businesses through fast and incredibly intuitive access to working capital. With our embedded technology solutions, we’ve cultivated deep partnerships with industry-leading software to give small businesses financial agility and peace of mind. We need outstanding people to help us achieve our goals.
We are seeking a dynamic leader with experience in judgemental underwriting to drive our credit risk strategy forward. In this role, you will recruit and mentor a talented team of underwriters and analysts, ensuring thorough evaluations of business bank accounts, financial statements, invoices and merchant sales data. Collaborating with data scientists, you will refine our credit scoring models and incorporate GenAI in decision making. Your expertise will guide the establishment of robust underwriting policies, and processes to enable comprehensive assessment of risk, while ensuring compliance with regulatory standards. If you thrive in a fast-paced fintech environment and are passionate about leading teams to success, we want to hear from you!
**Applicants must be currently authorized to work in the United States on a full-time basis without the need for employer sponsorship. Fundbox will not hire any applicants for Senior Credit Strategy Analyst who require employer sponsorship for a non-immigrant visa.
Requirements
- 10+ years of experience in Judgemental Underwriting, with a strong focus on underwriting Small and medium sized businesses (SMB)
- Deep knowledge about underwriting frameworks for different industries (professional services, construction, ecommerce etc.)
- Ability to quickly understand current business needs and adapt to future changes in customer mix
- Past experience setting up judgemental underwriting function for SMB lending
- Proven leadership experience, including the ability to build and lead high-performing teams.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Experience working in a fast-paced, high-growth fintech environment.
- Knowledge of regulatory requirements and compliance standards.
Responsibilities
- Risk Assessment: Oversee the assessment of credit risk for loan applications, including analysis of the business bank account, financial statements, invoices and business sales data from ecommerce platforms such as Shopify and Amazon
- Policy and Procedure: Establish and maintain robust underwriting policies and procedures to ensure compliance with regulatory requirements.
- Team Leadership: Recruit, develop, and lead a high-performing team of underwriters and loan coordinators.
- Innovation : Adapt current practices based on evolving customer needs, and business distribution. Drive innovation in underwriting practices, leveraging emerging technologies and data analytics.
- GenAI Integration: Collaborate with data scientists and engineers to develop and refine credit scoring models and incorporate large language models (LLM) in the underwriting process
- Portfolio Management: Monitor portfolio performance, identify trends, and proactively suggest actions to maximize portfolio returns
- Regulatory Compliance: Ensure adherence to all relevant regulatory requirements, including fair lending and consumer protection laws.
Benefits
Compensation & Benefits
We anticipate the US base salary range for this full-time position is $190,000 - $230,000. The range displayed on each job posting reflects the amount the employer reasonably expects to pay for this position across all US locations. Within this range, individual pay is determined by work location and additional factors (i.e. job-related skills, experience, and relevant education or training). The compensation details listed in US role postings reflect the base salary only and do not include any bonuses, equity, or benefits.
Fundboxers (as we like to call them) join our amazing team due to our mission of empowering small businesses to realize their full potential with the help of Fundbox.
We offer incredible benefits including:
- Competitive Compensation, including equity with Fundbox in the form of restricted stock units
- Generous PTO policy to include vacation, sick time and more
- Monthly lunch budget
- Total wellness benefits, including individual annual budget, mental and physical health resources and more
- Personal and professional development budget
- Stipend to improve your home office setup
- Premium coverage for health plans offered from day one (some options covered at 100% for Employees)
- 401k, Life insurance and disability benefits
Let’s not forget, we were recently certified by Great Place to work with an employee satisfaction rate of 94%.
Diversity and Inclusion at Fundbox
We’re proud to be an equal-opportunity workplace as we know that diverse teams produce the best work. We’re committed to building a culture of innovation and inclusion across gender, race, age, sexual orientation, religion, disability, and identity. Here at Fundbox, we strive to uphold a system of values we call MOSAIC: Mission, Ownership, Speed, Achva (a Hebrew term meaning to help one another), Innovation, and Clarity. Embracing our diverse backgrounds and abilities allows us to harness our creativity and achieve more, together.