Full-Time

Commercial Underwriter

Posted on 9/11/2024

Bill.com

Bill.com

1,001-5,000 employees

Financial platform for managing business operations

Fintech
Financial Services

Compensation Overview

$67.2k - $80.4kAnnually

+ Bonus + Equity Plan

Junior, Mid

Draper, UT, USA

Office presence required in Draper, UT or San Jose, CA.

Category
Risk Management
Finance & Banking
Required Skills
Financial analysis
Requirements
  • 2-3+ years experience underwriting at a financial institution
  • Bachelor's degree in finance, accounting, economics, business, or statistics (graduate degree a plus)
  • 1+ years experience as a commercial credit analyst or underwriter, or similar experience in dealing with commercial exposures ranging from small business or middle-market to large, multinational institutions (typical deal sizes ranging from $250k-$1 million+)
  • Understanding of fundamental financial analysis
  • Comfort with GAAP accounting standards
  • Understanding of current macroeconomic trends and how to provide recommendations to improve the Probability of Default estimation based on the business cycle
  • Self-Starter: Ability to manage personal workload so this person must prioritize and execute on a plan to complete exposure reviews to meet turnaround times
Responsibilities
  • Analyze and underwrite exposures based on financial statement analysis and other predictive models.
  • Participate in the development and maintenance of credit strategies, processes, and procedures.
  • From time to time, participate in exploratory discussions with customers to understand the company's financial position to help facilitate credit decisions.
  • Conduct periodic reviews to properly manage the company’s risk profile.
  • Communicate with senior risk management to arrive at credit decisions when necessary.
  • Complete financial spreading when necessary.
  • Learn / utilize programming languages to improve efficiency, manage losses, and uncover potential within the portfolio.

Bill.com provides a platform for businesses to manage their financial operations, including bill creation and payment, invoicing, expense management, and budget control. The platform automates tasks related to accounts payable and receivable, making financial processes more efficient and transparent. Unlike many competitors, Bill.com also offers access to credit lines, ranging from $500 to $5 million, along with its software services. The company aims to streamline financial management for small to medium-sized businesses and accounting firms, generating revenue through subscription fees and transaction fees for payments made on the platform.

Company Stage

IPO

Total Funding

$337.6M

Headquarters

San Jose, California

Founded

2006

Growth & Insights
Headcount

6 month growth

3%

1 year growth

1%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for integrated financial solutions among SMBs benefits Bill.com.
  • The rise of cross-border payments presents opportunities for Bill.com.
  • Growing digital payment adoption among SMBs suggests a potential market for Bill.com.

What critics are saying

  • Increased competition from other fintech companies could erode Bill.com's market share.
  • Slow AI adoption in finance may limit Bill.com's competitive advantage.
  • Upcoming FinCEN regulations could increase compliance costs for Bill.com.

What makes Bill.com unique

  • Bill.com offers a comprehensive platform for financial operations management.
  • The company provides access to credit lines up to $5 million.
  • Bill.com integrates 1099 filing into its financial operations platform.

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Benefits

100% paid employee health, dental, and vision insurance - choose between HMO, PPO, and HDHP plans

HSA & FSA accounts

Life Insurance, Long & Short-term disability coverage

Pre-tax commuter benefits

Employee Assistance Program (EAP)

11+ Observed holidays and wellness days

Wellness & Fitness initiatives

Flexible time off

100% paid employee health, dental, and vision insurance - choose between HMO, PPO, and HDHP plans

HSA & FSA accounts

Life Insurance, Long & Short-term disability coverage

Pre-tax commuter benefits

Employee Assistance Program (EAP)

11+ Observed holidays and wellness days

Wellness & Fitness initiatives

Flexible time off

INACTIVE