Biz2Credit Inc.

Funding what's next for small businesses. From $25,000 to $6 million in just 48 hours. Leading the #FinTech Revolution.

Hybrid

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Small Business Underwriter

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EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. Description
About US:
Biz2Credit, a financial technology company founded in 2007, that provides funding to small business and Biz2X, a rapidly growing, high-growth Series B ($52M), SaaS digital lending platform start-up disrupting a $1.4 Trillion dollar industry. Biz2X's fully configurable SaaS platform incorporates artificial intelligence & machine learning to provide a full end-to-end solution in the SMB, Commercial, and Consumer lending space. As our partners embark on a digital transformation of their business, our solution increases operational efficiencies, enhances risk controls, and enables overall business growth.

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

Position Requirements
Qualifications and Skills

Required Bachelor's degree in finance, accounting, or similar discipline
Formal credit training preferred
2+ years' experience working in a Merchant Cash Advance / financial institution underwriting small businesses; 2+ years in a commercial credit analyst 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

Some Benefits & Perks:
Flexible Work Hours (Hybrid must be in office 2-3 days a week)
Generous medical, dental, and vision insurance
401K match, commuter benefits, and employee incentive plan
Catered lunch and team events
In the News:
Named to Deloitte Technology Fast 500.
Inc 5000 - fastest-growing private companies in 2020.
Crain's New York Fast 50.
Great Place to Work Certified.
Best Places to Work in New York
Best Places to Work in Fintech (American Banker)
2021 Finovate Award: Excellence in Pandemic Response
Biz2X - IBS Intellignce (IBSi) Global Fintech Innovation Award
The American Business Awards (2 Categories: Fastest Growing Tech Company & Social Video)
The Muse Creative Awards (2 Categories: Advertising Campaign & TV Ad).
https://www.nytimes.com/2021/03/09/business/ppp-small-business-deadline.html
https://www.nytimes.com/2021/02/22/business/paycheck-protection-program-small-business-coronavirus.html
https://www.globenewswire.com/news-release/2020/11/12/2125872/0/en/HSBC-Launches-New-Service-with-Biz2Credit-to-Streamline-Banking-for-Small-Businesses-in-The-U-S.html
https://www.pymnts.com/news/b2b-payments/2018/hsbc-biz2credit-canada-smb-lending/
https://inc42.com/buzz/tata-capital-launches-online-working-capital-lending-platform/
https://www.pymnts.com/news/b2b-payments/2016/biz2credit-australia-afg-sme-small-business-finance-alternative-lending/
Biz2Credit is an equal opportunity employer
Full-Time/Part-Time Full-Time Salary Range $60k-$100k Position Underwriter Exempt/Non-Exempt Exempt Hiring Manager(s) Open Date 5/3/2022 About the Organization
This position is currently accepting applications.
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Scott Monaco

Director of Product Management

EMPOWERING ENTREPRENEURS

Charting the Future of Small Business Financing

Small business owners are forward thinkers. When they succeed, jobs are created and local communities thrive. As a product organization dedicated to unlocking growth for small businesses, Scott's team has delivered a suite of financial solutions that not only expedites loan approvals but also personalizes the borrowing experience for each entrepreneur. Their forward-thinking approach has positioned Biz2Credit as a fintech innovator, creating a user-friendly platform that not only evaluates the growth potential over credit scores but also integrates machine learning to deliver quick and reliable financial products.

In a landscape where time is currency, we've made sure that financial solutions for small businesses are not just effective, but also immediate and tailored.

Ivy Li

Data Scientist Senior Manager

(Un)risky Business

Science that drives customer success

Li’s department played a critical role in developing Biz2X, especially its risk analysis functions. Her team analyzed data from historical financial statements, credit reports and other financial indicators to identify patterns and trends. With this analysis, they created models to assess borrowers’ creditworthiness and their chance of defaulting on loans in real time. Risk analysis is a core part of the platform, and Li and her team worked closely with developers to integrate their algorithms into the platform and the product team to create an intuitive user interface for the functions.

Our work reduces the likelihood of defaults and losses, which helps our clients be more successful.

Aaron Traub

Chief Product Officer

A mission to impact

Technology and purpose are at the center

Biz2X leverages automation and AI to help banks solve small business lending at scale. “We recognized that traditional approaches to lending were not meeting the needs of small businesses or consumers,” Traub said. With a streamlined platform, financial institutions can more effectively support their customers’ growth, and CPAs and regional banks can compete in the space. Behind the product was a transparent development process defined by progress check-ins, open communication and the celebration of milestones along the way. A shared commitment to the mission kept teams motivated and aligned.

Everyone understood the impact their work had on the larger mission of helping small businesses get funding, which created a sense of purpose and pride in the work we were doing.

What are Biz2Credit Inc. Perks + Benefits

Biz2Credit Inc. Benefits Overview

Competitive salary, bonus, and benefits.
Generous medical, dental, and vision insurance.
401K match, commuter benefits, and employee incentive plan.
Lunch credit 3x a week and stocked kitchen.
Central location in Midtown Manhattan.
Located steps from Penn Station, one of the largest transportation hubs in the city.

Culture

Volunteer in local community

We partner with local universities and provide school supplies to schools at the beginning of every school year.

Partners with nonprofits

Toys 4 Tots Wounded Warrior New Jersey Veterans Memorial Home Special Olympics NYC Food Bank

Open door policy

OKR operational model

Team based strategic planning

Open office floor plan

Remote work program

Diversity

Documented equal pay policy

Highly diverse management team

Mandated unconscious bias training

Diversity manifesto

Mean gender pay gap below 10%

Hiring practices that promote diversity

Biz2Credit strives to maintain a diverse workforce. We actively seek to hire veterans, women, individuals in the LBGQT community and people of color. Our employee list reads like the United Nations.

Health Insurance & Wellness Benefits

Flexible Spending Account (FSA)

Biz2Credit employees can contribute up to $2750 annually to their FSA.

Disability insurance

Biz2Credit's STD insurance covers 60% of weekly salary up to $1,500 a week for up to 12 weeks. Our LTD insurance covers 60% of annual salary up to $15,000 monthly for up to 6-months

Dental insurance

Our dental plan covers anywhere from 80-100% of expenses.

Vision insurance

Health insurance

Biz2Credit's health insurance policy covers up to 80 -100% of out of pocket expenses depending on the coverage.

Life insurance

Life insurance is equal to 1 times an employee's annual salary with an option to cover more.

Wellness programs

Mental health benefits

The company provide an Employee Assistance Program that gives free access to mental health professionals

Financial & Retirement

401(K)

Biz2Credit's 401(k) plan offer a variety of investment vehicles to choose from.

401(K) matching

Biz2Credit In. provides employees with a 401(k) matching plan managed by Paychex. We match 100% of contributions up to 3% of an employee's annual gross pay and then 50% for the next 2%.

Company equity

Biz2Credit offer stock option grants through the Employee Stock Option Incentive Plan. All employees are eligible to participate with a four-year vesting period.

Performance bonus

Biz2Credit offer annual performance-based year-end bonuses. In addition, our sales team has a sales recognition program where they receive additional bonuses based on sales targets.

Charitable contribution matching

Throughout the year, Biz2credit contributes to various employee charitable contributions to include contributions to school supplies for underprivileged children, food and coat drives for the homeless

Child Care & Parental Leave Benefits

Generous parental leave

We provide up to 12 weeks of parental leave for the primary caretaker.

Family medical leave

Vacation & Time Off Benefits

Generous PTO

Paid holidays

Paid sick days

Office Perks

Commuter benefits

Biz2Credit offers pre-tax commuter benefits for all employees.

Company-sponsored outings

Biz2Credit hosts company outings annually.

Free snacks and drinks

Biz2Credit has a fully stocked kitchen including unlimited snacks, fruit, coffee, tea and all of the flavored Pure Leaf and LaCroix you can handle.

Some meals provided

Employees receive a seamless credit 3 days per week.

Onsite office parking

We off pretax commuter benefits which includes parking.

Professional Development Benefits

Job training & conferences

Biz2Credit offers employees professional development opportunities like Onsite training courses, The ability to attend job related conferences and seminars.

Tuition reimbursement

Our tuition reimbursement plan offers an annual max of $5250

Lunch and learns

Promote from within

Mentorship program

Our mentorship program includes career mentoring.

Continuing education available during work hours

Online course subscriptions available