Funding Circle is the largest and fastest-growing small business loan marketplace, operating in the US and UK. Funding Circle USA is a web-based lender that is fundamentally changing how small businesses access capital and from where that capital comes. Our marketplace connects small businesses looking for $25-500K of loans with individual investors and institutions directly, delivering ease, efficiency and significant economic value to our customers. The opportunities ahead of us are unbound; we think big, and if you do too, then come join our talented team.
We are seeking a smart, passionate and hard-working Senior Underwriter to join our quickly expanding team. The ideal candidate will be both experienced and confident in making lending decisions to small businesses for commercial and / or SBA loans typically under $1m. You will join a highly motivated team and you will be afforded substantial responsibility and opportunity for growth from day one.
Evaluating Loan Applications: Your main focus will be to analyze borrowers’ creditworthiness and make lending decisions as well as presenting and participating in the Credit Committee. An important aspect of the underwriting process will involve verifying information on borrowers’ applications and evaluating fraud risk.
Improving Underwriting Process and Policy: You will work closely with our Borrower Sales team and Account Managers to improve the internal underwriting process. You will also work to optimize the application and funding experience for borrowers, whilst identifying areas in need of further control.
Credit Risk Model and Underwriting Policy Improvement: You will be active in providing feedback to the risk modeling teams and suggestions on how to strengthen our underwriting model and policies.
5+ years of experience in small-size (<$1M) commercial / SBA loan underwriting
Substantial experience in making lending decisions to businesses and facility interpreting financial information in the context of small business credit quality
Knowledge of financial accounts and understanding of key risk drivers
Enthusiasm for a fast-paced, team-oriented start-up environment
Strong communication skills and an ability and desire to act as the outward face of Funding Circle
Great analytical skills with commercial awareness and a practical approach
Ability to “think outside the box” and suggest changes to processes in order to improve efficiency and impact whilst having an appreciation for control and prudence
Ability to learn and teach others whilst working in a team environment, as well as independently
Able to plan and organize workload to ensure consistent achievement of goals and targets
Compensation will be commensurate with experience and will comprise a base salary, performance incentives, equity options and other benefits.
Please contact firstname.lastname@example.org with a resume and cover letter (email or attachment) describing your interest.
**Referral Bonus**: Funding Circle USA is grateful for all referrals and will pay a fee in cash or options to anyone who refers a successful hire.