Full-Time

Sr Credit Underwriter

Confirmed live in the last 24 hours

Fundbox

Fundbox

51-200 employees

Provides working capital via business credit

Fintech
Financial Services

Compensation Overview

$115k - $145kAnnually

Mid, Senior

No H1B Sponsorship

New York, NY, USA

Category
Commercial Banking
Risk Management
Finance & Banking
Required Skills
Financial analysis
Requirements
  • At least 3 years of professional underwriting experience in small business lending.
  • Bachelor’s degree is required. Concentration within a business related field is preferred.
  • Must be able to analyze financial documents including tax returns, bank statements, financial statements, and credit reports.
  • Strong understanding of business underwriting principles, risks associated with small business lending, and lending regulations.
  • Excellent written and verbal communication skills with the ability to present financial information in a clear and concise manner.
  • Strong analytical and problem solving skills.
  • Comfortable working in a fast-paced environment.
Responsibilities
  • Conduct a thorough analysis of relevant financial data to assess the credit worthiness of small to midsize businesses.
  • Apply underwriting expertise to make customer level underwriting decisions and recommendations within an existing policy framework.
  • Interact directly and maintain good professional rapport with customers to deeply understand their business models and borrowing needs.
  • Proactively and independently manage an underwriting pipeline.
  • Drive improvements to the underwriting policy/procedures where necessary.
  • Partner with credit/risk peers and leadership to improve Fundbox’s automated credit decisioning.
  • Maintain strong interpersonal relationships with management and stakeholders.

Fundbox provides small businesses with access to working capital through a business line of credit, addressing cash flow challenges caused by slow sales, late invoice payments, or unexpected expenses. Their product allows business owners to draw funds as needed and repay them in equal installments over 12 or 24 weeks, with the credit replenishing as repayments are made. This flexibility helps businesses manage operational costs and invest in growth opportunities. Fundbox differentiates itself with a seamless online application process and transparent interest rates, ensuring no hidden charges. The goal of Fundbox is to support small businesses in overcoming financial hurdles and thriving in their operations.

Company Stage

N/A

Total Funding

$392.5M

Headquarters

San Francisco, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

1%

1 year growth

-5%

2 year growth

-40%
Simplify Jobs

Simplify's Take

What believers are saying

  • Fundbox's collaboration with Nav and other platforms expands its reach to over 500,000 small businesses, enhancing its market presence.
  • The recent credit facility with Cross River and Waterfall Asset Management strengthens Fundbox's financial capacity to support more SMBs.
  • Recognition for providing flexible working capital solutions highlights Fundbox's reputation and reliability in the fintech space.

What critics are saying

  • The competitive landscape of fintech lending is intense, with innovations like open banking potentially challenging Fundbox's market position.
  • Dependence on partnerships, such as with Nav, may expose Fundbox to risks if these collaborations face disruptions.

What makes Fundbox unique

  • Fundbox's focus on small businesses with cash flow challenges sets it apart from traditional lenders who often overlook this segment.
  • The partnership with Nav enhances Fundbox's ability to offer pre-approved credit lines, reducing friction in the application process and increasing approval confidence.
  • Fundbox's use of AI-driven underwriting and API integrations provides a seamless and efficient funding experience, distinguishing it from competitors.

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