Full-Time

Funding Operations Analyst

WATERCRESS FINANCIAL

WATERCRESS FINANCIAL

51-200 employees

Financing solutions for home improvement contractors

Compensation Overview

$22/hr

West Des Moines, IA, USA

In Person

Bachelor's, Associate's

Category
Finance & Banking (1)
Required Skills
Customer Service

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Requirements
  • A high school diploma or equivalent is required.
  • An associate or bachelor's degree in a related or comparable field is preferred.
  • Ability to work in a fast-paced environment while maintaining attention to detail.
  • Excellent customer service focus.
  • Excellent verbal and written communication skills.
  • Excellent interpersonal, negotiation, and conflict-resolution skills.
  • Ability to prioritize tasks.
  • Ability to act with integrity, professionalism, and confidentiality.
  • Superior time-management and organizational skills.
  • Ability to work independently and within a team.
  • Proficiency with Microsoft Office Suite or related software.
Responsibilities
  • Process, review, and execute the funding process for newly submitted requests.
  • Collect all necessary pre-funding requirement documentation from dealers and/or customers while funding loans accurately and efficiently.
  • Fund and book transactions within required timeframes.
  • Review documentation and identify errors.
  • Communicate with internal and external business partners as needed to ensure funding accuracy.
  • Provide professional, patient, and people-first customer service.
  • Escalate complex or difficult issues to the team leader.
  • Work flexible schedules, weekends, and holidays as necessary to meet business needs.

Watercress Financial provides payment and financing options for residential home improvement projects. It partners with contractors to support the sales process and offers flexible payment solutions that help homeowners budget projects. A team-based service model emphasizes expertise and responsiveness from sales, operations, contractor, and support staff, making it more than a financing provider. Its goal is to help contractors close more projects, streamline sales, and grow their business while giving homeowners affordable and responsible payment choices.

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$100M

Headquarters

West Des Moines, Iowa

Founded

N/A

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Simplify Jobs

Simplify's Take

What believers are saying

  • The $550 million 26North partnership expands lending capacity and supports faster origination growth.
  • VersaBank funding started immediately, signaling external confidence in Watercress's underwriting and servicing.
  • Homeowners keep financing renovations, and Watercress's network broadens contractor sales conversions.

What critics are saying

  • Consumer fraud suits against contractors can drag Watercress into repayment disputes and collections backlash.
  • Dependence on bank and forward-flow partners creates renewal risk if credit performance weakens.
  • A contractor-dependent originator faces existential collapse if receivable buyers retreat after losses.

What makes WATERCRESS FINANCIAL unique

  • Watercress specializes in contractor-led home improvement lending nationwide since 2021.
  • DZ BANK and VersaBank funding diversify liquidity across warehouse and receivables programs.
  • 26North's $550 million forward flow backs originations without Watercress holding every loan.

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Benefits

Hybrid Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

10%

2 year growth

10%
Business Wire
Jun 26th, 2024
Watercress Financial Group LLC Closes $100 Million Revolving Credit Partnership With DZ BANK

Watercress Financial Group LLC, announced the closing of a $100 million revolving credit warehouse facility with DZ BANK.

Business Wire
Jun 25th, 2024
Watercress Financial Group LLC Closes $100 Million Revolving Credit Partnership With DZ BANK

WEST DES MOINES, Iowa-(BUSINESS WIRE)-Watercress Financial Group LLC, a point-of-sale originator of home improvement loans to consumers through a broad network of high-quality contractors across the U.S., announced the closing of a $100 million revolving credit warehouse facility with DZ BANK.