Biz2Credit Inc.
Funding what's next for small businesses. From $25,000 to $6 million in just 48 hours. Leading the #FinTech Revolution.
New York , NY

Small Business Underwriter at Biz2Credit Inc.

| Greater NYC Area
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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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    Where we are

    Biz2Credit is conveniently located near Penn Station, which offers our employees the convenience of having numerous transportation lines feed directly to our office. This trendy area also offers an abundance of dining options, perfect for ordering in or grabbing lunch with a colleague.

    Technology we use

    • Engineering
    • Product
    • Sales & Marketing
      • JavascriptLanguages
      • PHPLanguages
      • SqlLanguages
      • Google AnalyticsAnalytics
      • IntellicusAnalytics
      • PhotoshopDesign
      • AsanaManagement
      • JIRAManagement
      • WordpressCMS
      • DocuSignCRM
      • SendGridEmail
      • MarketoLead Gen
      • ZoomInfoLead Gen
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    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.
    Catered lunch daily and team events.
    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
    Friends outside of work
    Eat lunch together
    Intracompany committees
    Biz2Credit has an employee activities committee that manages employee events to include our annual summer bowling tournament and holiday dinner to putting out a monthly employee newsletter
    Open door policy
    Team owned deliverables
    Team based strategic planning
    Group brainstorming sessions
    Open office floor plan
    Diversity
    Documented equal pay policy
    Highly diverse management team
    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 Benefits
    Our dental plan covers anywhere from 80-100% of expenses.
    Vision Benefits
    Health Insurance Benefits
    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
    Retirement & Stock Options Benefits
    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.
    Match charitable contributions
    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.
    Remote Work Program
    Family Medical Leave
    Vacation & Time Off Benefits
    Generous PTO
    Biz2Credit employees receive between 12 and 20 days per year of paid time off based on years of service.
    Paid Holidays
    Paid Sick Days
    Employees receive 7 days per year of paid sick leave.
    Perks & Discounts
    Casual Dress
    Biz2Credit's dress code includes jeans, t-shirts and sneakers every day
    Commuter Benefits
    Biz2Credit offers pre-tax commuter benefits for all employees.
    Company Outings
    Biz2Credit hosts company outings annually.
    Free Daily Meals
    Biz2Credit allows employees to order lunch every day on the company Grubhub account.
    Stocked Kitchen
    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 get free lunch every day.
    Parking
    We offer employees a parking subsidy for commuters
    Relocation Assistance
    Our relocation assistance plan offers a maximum reimbursement of $3,000.
    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
    Cross functional training encouraged
    Promote from within
    Mentorship program
    Our mentorship program includes career mentoring.

    Additional Perks + Benefits

    We are proud of our workplace culture and encourage our employees to take advantage of any and all benefits we offer.

    An Insider's view of Biz2Credit Inc.

    What are some social events your company does?

    We have an activities committee that is geared towards driving employee engagement through hosting special events throughout the year. This is done through celebrations of milestones, achievements, and various holidays from around the world!

    Christopher

    Director of Engagement and Organizational Development

    What does your typical day look like?

    After starting your day with a hot coffee from one of the office kitchens, you'll usually have a one-on-one meeting with a team mate or you'll get started on your tasks or projects for that day. At lunch, we get free lunches from Grubhub, which is awesome! After lunch you'll have some afternoon meetings and then head home around 6!

    Olivia

    Marketing Coordinator

    How does the company support your career growth?

    In your day to day job you will constantly face new and exciting challenges that will allow you to grow in your role. Biz2Credit also ensures that employees are continually developing by offering tuition assistance and paying for employees to gain certifications and attend industry conferences.

    Olivia

    Marketing Coordinator

    How do you empower your team to be more creative?

    We entrust our team to come up with the best ideas and solutions for any objectives. We also give everyone the opportunity to work on projects that they are most interested in by regularly checking in.

    Susie

    Marketing Manager

    How do you collaborate with other teams in the company?

    We conduct scrum calls everyday to make sure everyone is on same page. We also manage workshop sessions when major roll outs and new platforms are being discussed.

    Jay

    VP of Project Management

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