About Finfare

Finfare is dedicated to empowering SMBs, by providing the ultimate expense management solution for growing businesses seeking to streamline their financial operations and maximize cash back rewards. Finfare offers easy expense tracking, personalized spend controls, seamless accounting integration, powerful analytics, and reliable charge card services. Our cardholders can tap into our vast network of reward program publishers and card-linked merchant offers, ensuring even bigger cash back rewards for their business.

We are always working on redefining the boundaries of digital financial services and aim to stay one step ahead in the ever-evolving fintech landscape.

About the Role

The Credit Risk Manager, Merchant Cash Advance (MCA) is a credit orientated role as well as a personnel management and leadership role. Under the direction and review of the Director of Commercial Credit Risk you will play a pivotal role in assessing and managing credit risk for the Merchant Cash Advance team. The role involves evaluating creditworthiness of applicants, overseeing portfolio management activities, and managing/mentoring a team of Portfolio Managers and Credit Underwriters with varying levels of experience. You will exercise credit authority and work closely with the Credit Team to ensure sound credit and final decisions that align with the organization’s risk management objectives. As this is a new product, this role will be instrumental in establishing the credit parameters, process, and procedures of the MCA product, as well as, hiring and developing the credit team.

Responsibilities

• Credit Underwriting:
• Lead and oversee the credit underwriting process for commercial small and medium-sized business credit card applications.
• Evaluate the creditworthiness of applicants based on financial statements, credit reports, and other relevant information.
• Risk Policy Development:
• Develop and implement robust risk policies to guide the commercial credit decision-making process.
• Stay abreast of industry trends and regulatory changes to ensure compliance and optimize risk management practices.
• Portfolio Management:
• Monitor and analyze the performance of the commercial credit portfolio.
• Identify potential risks and opportunities, providing recommendations for portfolio optimization.
• Team Leadership:
• Manage a team of credit analysts, fostering a collaborative and high-performance culture.
• Provide guidance, training, and mentorship to ensure continuous professional development.
• Collaboration:
• Collaborate with cross-functional teams, including sales, marketing, and operations, to align credit strategies with business objectives.
• Work closely with senior leadership to communicate key insights and contribute to strategic decision-making.

Compensation

The compensation for this role is $120k - $150k (depending on experience),

Benefits at Finfare

• Competitive health, vision, and dental benefits (covering 100% premium for employee and all dependent(s))
• Unlimited PTO
• 401K (with employer matching)
• Catered lunches 3 times a week
• Parental leave
• Employee stock purchase plan (if applicable)
• Health and wellness reimbursement
• Work sponsorship (if applicable)
• Other employee perks

As part of our dedication to the diversity of our workforce, Finfare is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, gender, gender identity, gender expression, sexual orientation, age, physical or mental disability, medical condition, marital/domestic partner status, military and veteran status, genetic information or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.