Full-Time

Underwriting Analyst II

Posted on 12/19/2024

Forward Financing

Forward Financing

201-500 employees

Provides fast funding solutions for small businesses

Fintech
Financial Services

Mid, Senior

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's degree.
  • 3+ years of professional experience.
  • Capability to identify patterns in data and make informed decisions accordingly.
  • Analytical and self-motivated professional with a track record of exercising good judgment when making business decisions.
  • Proficient in reviewing data and making decisions in situations that contain some level of ambiguity.
Responsibilities
  • Learn and follow Forward Financing’s process and guidelines to confidently issue profitable underwriting decisions.
  • Analyze and interpret small business data related to financing applications to determine the appropriate amount of capital that the business can afford.
  • Gauge risk profile while understanding customers’ business needs, opportunities and challenges.
  • Advise internal sales reps to offer appealing small business financing options.
  • Work with other members of the Underwriting department on initiatives to improve processes.

Forward Financing offers fast and flexible funding solutions to small businesses in the United States, focusing on those who may not qualify for traditional bank loans. Their main product is a merchant cash advance, which provides businesses with a lump sum of cash in exchange for a percentage of future sales, allowing for quick access to capital. Unlike traditional lenders, Forward Financing operates in the alternative lending space, providing quicker approvals and funding. The company's goal is to support small businesses by offering reliable and ethical financing options.

Company Stage

Debt Financing

Total Funding

$365M

Headquarters

Boston, Massachusetts

Founded

2012

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for alternative lending boosts Forward Financing's market potential.
  • AI and machine learning enhance Forward Financing's risk assessment and underwriting processes.
  • Boston's fintech ecosystem expansion offers collaboration and talent acquisition opportunities.

What critics are saying

  • Increased competition from fintech startups like Stride in Boston.
  • Potential over-reliance on merchant cash advances limits diversification.
  • Economic downturns could increase default rates among small business clients.

What makes Forward Financing unique

  • Forward Financing offers fast, flexible funding with approvals within minutes.
  • The company has provided over $1.9 billion to 45,000 small businesses since 2012.
  • Forward Financing is A+ rated by the Better Business Bureau and has a 4.9-star Trustpilot rating.

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