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Underwriter - Credit Analyst

Job Title
Underwriter - Credit Analyst
Job ID
New York,  NY 10018
Other Location

Job Summary

Founded in 2007, Biz2Credit Inc. is an online lending and technology company that provides small businesses access to capital and business technology solutions to other financial services providers.

We are a direct funder and have funded over $2 billion to small businesses. We provide financing to retailers, restaurants, hotels, medical professionals, manufacturers, etc. Our creative financing solutions include merchant cash advance, secured and unsecured business loans, and asset-based loans. In addition, more than 250,000 small businesses have been using our Virtual CFO platform to help grow their businesses. We are growing rapidly and are looking for smart, talented and dedicated professionals.

The Underwriter will be responsible for full cycle underwriting of proposed financing amounts and terms to small businesses. The Underwriter will work closely with the Relationship Manager to assess and structure financing that is attractive to the small business owner and minimizes risk.

Responsibilities and Duties

  • Work with the Relationship Managers in structuring, analyzing and negotiating credit transactions
  • Responsible for full cycle underwriting of assigned small business financing
  • Determine the ability of the client to repay financing based on analysis of the client’s cash flow statements, tax returns, and other financial information
  • Perform detailed financial analysis on the small business, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy
  • Perform credit analysis and financial statement analysis on co-owners, guarantors, and individuals to determine assets coverage for requested loan amounts
  • Coordinate with Relationship Managers regarding customer calls and site visits
  • Perform other due diligence as needed to determine the creditworthiness of a small business owner

Qualifications and Skills

  • Bachelor's degree in finance, accounting, or similar
  • Formal credit training preferred.
  • 4+ years’ experience working in a financial institution underwriting small businesses; 2+ years in a commercial credit analysis or commercial underwriting role working with small businesses a plus
  • Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry, and competitive analysis and projections
  • Proficient in various spreadsheet and word processing applications (Excel and Word are preferred) including the use of graphs/charts, and Moody's financial analysis software
  • Basic knowledge of credit principles, lending operations, loan research, and general credit policies
  • Team player with the ability to take the initiative
  • Detail oriented, ability to work well under pressure and multi-task
  • Strong written and verbal communication skills
  • Problem recognition and resolution skills