What are the responsibilities and job description for the Underwriter position at Fresh Funding?
Fresh is an Alternative SMB Funder on a mission to remove the funding gap from the small business equation. We believe that no viable small business should struggle because of temporary working capital gaps. Our online funding solutions enable small businesses in the US to have access to the working capital they need to sustain or grow their businesses, in a fraction of the time it takes banks to do so.
Backed by hedge funds, we use a creative approach to underwriting and customer success management. Fresh Funding has built a trustworthy reputation that small business owners can rely on.
We are looking for a full time Underwriter to join us. As a Underwriter, your mission will be focused on developing and executing credit risk policies and strategies to deploy our funds and to support small businesses cash flow optimization. In this role, you will be responsible for analyzing funding requests from our partners network and other customer acquisition channels, making critical funding decisions based on our algorithms and data exploration methodologies. As part of this process, you will often be asked to interview small business owners as part of the decisioning process.
How You'll Make An Impact
- You will have direct ownership, responsibility and accountability for scaling a high-growth business, and have a significant impact on company growth, in a mission-driven business.
- Work closely with senior management and provide cross-industry detailed analysis of small business fundamentals, along with grounded, actionable recommendations.
- Define underwriting strategy and recommend underwriting plans and structure that will generate a continued company growth in current and future markets
- Establish appropriate internal underwriting procedures and criteria to control credit risk together with our Risk & Compliance team
- Collaborate with data teams and leverage external and internal data to build an infrastructure and establish reporting dashboards set up for scale and help senior management understand credit risk trends and exposures
- Proactively monitor dashboards to ensure a balance of production growth goals with strong credit risk management practices, drive efficiency, and lead optimization projects to increase performance.
What We'd Love To See
- Ability to work in a fast-paced environment and exceed ambitious deadlines
- Analytical experience, preferably in Financial Services or a FinTech company
- Experience managing risks of various credit products like loans, lines of credit, credit cards etc. - a major plus
- Strong business aptitude – be comfortable defining strategy, identifying and modeling business opportunities.
- Exceptional communication skills, both verbal and written.
If you're still nodding your head in agreement and this seems like a good fit, don't hesitate to reach out - we're looking for you!
Job Types: Full-time, Contract
Pay: $65,000.00 - $85,000.00 per year
Benefits:
- Paid time off
Education:
- Bachelor's (Preferred)
Experience:
- Financial services: 2 years (Preferred)
- Merchant Cash Advance Underwriting: 2 years (Required)
Work Location: Remote
Salary : $65,000 - $85,000