Full-Time

Underwriting Analyst

Confirmed live in the last 24 hours

Faire

Faire

1,001-5,000 employees

B2B marketplace for independent brands and retailers

Data & Analytics
Social Impact
Consumer Goods

Compensation Overview

$41.35 - $56.95Hourly

+ Equity + Benefits

Mid, Senior

San Francisco, CA, USA

In-office 2 days per week (Tuesdays and Thursdays); flexibility to work remotely up to 4 weeks per year.

Category
Risk Management
Finance & Banking
Required Skills
Data Science
Product Management
Risk Management
Data Analysis

You match the following Faire's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 2-5 years of experience in financial services, tech, or related industry, with minimum 1+ years of experience in small business commercial credit underwriting
  • Experienced in conducting comprehensive analysis of business banking data and financial statements to evaluate revenue, liquidity, leverage, and cash flow trends
  • Ability to spot patterns from discrete and vague data points (e.g. social media, financial data, Faire transactional data)
  • Strong critical thinking, analytical, and financial evaluation skills
  • The capacity to make complex decisions under pressure in a fast-paced setting
  • Strong written and verbal communication skills; ability to interact with customers in a clear and concise manner, primarily via email and phone
  • Strong customer focus and the ability to balance Risk mitigation alongside a positive customer experience
  • Passionate, relentless resourcefulness and the ability to thrive at a fast-paced startup -- you’re willing to do what needs to be done for the success of your team and you are comfortable with change
Responsibilities
  • Evaluate creditworthiness of retail businesses and adjust credit limits based on a review of the business’s credit application, banking data, payment performance on Faire, and publicly available information
  • Perform due diligence on businesses to prevent fraud
  • Propose and implement improvements to risk management policies, procedures, and tools
  • Identify issues and gaps, and develop data-driven recommendations to enhance our underwriting operations
  • Work cross-functionally with teams such as Data Science, Engineering, and Product in order to drive product improvements, new feature releases, and efficiency improvements
  • Work with Sales and Support teams to streamline communication, improve efficiencies, and provide a world-class customer experience
Desired Qualifications
  • Experience underwriting small business loans at a fintech/online lender
  • Data analysis skills and proficiency in SQL
  • Experience analyzing tax returns and financial statements
  • Basic knowledge of financial risk modeling and experience working with Data Science teams

Faire operates a business-to-business (B2B) marketplace that connects independent brands with local retailers, primarily in the wholesale market. The platform enables brands to expand their reach to a larger audience of retailers, while retailers can discover unique products that set their stores apart from competitors. Faire generates revenue through a commission on sales made via its platform and provides additional services like inventory management and data analytics to help businesses improve their operations. The company focuses on supporting small to medium-sized businesses and aims to enhance the distinctiveness of local communities by empowering both brands and retailers to succeed.

Company Size

1,001-5,000

Company Stage

Series G

Total Funding

$1.5B

Headquarters

San Francisco, California

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • B2B marketplaces are the fastest-growing segment, offering expansion opportunities for Faire.
  • AI tools enhance wholesale operations, boosting Faire's platform capabilities.
  • DTC brands diversifying into wholesale align with Faire's model, attracting more brands.

What critics are saying

  • Increased competition from retail giants like Target may draw away Faire's target businesses.
  • Leadership turnover at Faire could lead to strategic instability affecting operations.
  • Functional food brands expanding retail presence may challenge Faire's brand attraction.

What makes Faire unique

  • Faire offers net 60 payment terms and free returns, reducing wholesale business risks.
  • The platform connects independent brands with local retailers, enhancing store uniqueness.
  • Faire provides inventory management and data analytics to optimize business operations.

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Benefits

Time off

Parental leave

Daily mindfulness

Annual learning grant

Thoughtfully designed spaces

Fitness & wellbeing benefits

Mental health benefits

Charitable matching

Career planning

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Jan 21st, 2025
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PR Newswire
Jan 8th, 2025
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PR Newswire
Dec 19th, 2024
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BetaKit
Jul 11th, 2024
Swift Medical Among The Latest #Cdntech Companies To Appoint New Leaders As Industry Executive Turnover Continues

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PYMNTS
Jun 24th, 2024
Target To Include Shopify Merchants In Digital Marketplace, Physical Stores

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PR Newswire
Jun 11th, 2024
The Functional Chocolate Company Products Now Available At Target

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Forbes
May 22nd, 2024
Is Wholesaling The Secret To Dtc Brand Growth?

In a time where DTC brands are looking to find sustainable ways to scale, some are finding success. [+] through working with agency partners like Brand Caffeine on wholesale platforms like Faire. gettyData shows wholesale revenue has been on the rise in the U.S. since September 2023, and according to Digital Commerce 360’s B2B Ecommerce Market Report, B2B marketplaces are the fastest-growing segment of B2B ecommerce.It makes sense, as tapping into this business model grants emerging brands access to B2B markets, allowing them to reach broader audiences through retailers with established customer bases and distribution networks while also opening up new revenue streams.By diversifying their revenue streams with a wholesale arm, brands can maintain their direct-to-consumer structure when experimenting and validating new ideas, all while maintaining healthy profits through bulk ordering.Take Latico Leathers, a handcrafted heirloom-quality leather brand, as one example. The brand needed help getting set up on Faire, a B2B marketplace simplifying the wholesale buying process for more than 700,000 independent retailers and small unique brands from around the world.Faire Growth agency Brand Caffeine helped set up their store, fine-tuned product listings, managed email campaigns and automation, optimized search rankings, and fostered new targeted leads.The agency also leveraged AI tools to create a custom analytics and reporting dashboard, refine attribute tag categorization, and create product collections based on data-driven insights and seasonal search trends.After partnering with Brand Caffeine to support its wholesale arm, the company saw a 50% increase in organic search volume, a 30% improvement in wholesale email open rates, and a 20% monthly increase in new retailer leads.They also rose to a 'Top Shop' designation on Faire, witnessing a 7.6% conversion rate, a 99.3% sell-through rate, a 4.9 overall review rating, 96% five-star reviews, over 5,000 leads, and a 52% email open rate.Ben Schreiber, the founder of digital marketing agency Brand Caffeine, shared his perspective on the platform, saying: “[Faire] is doing for the wholesale market what Amazon Amazon did for consumer products.”San Francisco-based Faire was founded in 2017 by former Square employees and has since expanded geographically into Canada, the EU, and AU markets. It experienced rapid growth and achieved feats like reaching $150 million in sales across 15 European markets within six months while amassing a valuation of $12.59 billion.As a result, brands are taking note

PRWeb
May 13th, 2024
Biba Home Llc Partners With Faire To Offer Innovative Wine Glass Slipper Stabilizers

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PR Newswire
Apr 30th, 2024
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Newswire
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Tech Startups
Sep 27th, 2023
Shopify invests in wholesale platform Faire, valuing the e-commerce startup at $12.59 billion - TechStartups

Shopify announced today that it's making a strategic investment in wholesale platform Faire. The move comes as the e-commerce giant seeks to offer more Business-to-Business (B2B) tools to its merchants. The financial details of the transaction, including the investment amount and Shopify's ownership stake in Faire, were not disclosed. The latest investment puts the company's