Biz2Credit Inc. company image
Biz2Credit Inc.
Funding what's next for small businesses. From $25,000 to $6 million in just 48 hours. Leading the #FinTech Revolution.
Hybrid
View Profile
Jobs//Hybrid//Customer Success//

Senior Underwriter

Apply
By clicking Apply Now you agree to share your profile information with the hiring company.
Save job
Employer Provided Salary: 80,000-110,000 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.

Description
About Us
Founded in 2007, Biz2Credit is rated as the Number 1 small business financing resource in the U.S. by Entrepreneur Magazine. Till date, we've facilitated more than $8 billion in small business funding.
Biz2Credit, an all-in-one financing solution for entrepreneurs to get small business funding with fast approval process. Explore the best small business financing options with us!
Biz2X is the technology platform that has helped Biz2Credit become the premier alternative funder for small businesses. Now, traditional banks are leveraging our expertise and experience to automate small business lending. Biz2X allows banks to implement AI-powered digital banking. This allows bank's clients to have a fully omnichannel experience with data and workflows that adapt seamlessly to the bank's core banking systems.
Biz2X platform's world-class risk solutions are based on AI algorithms that enables auto decision-making and quick processing. Biz2X is "One Platform That Does It All" - automates lending, optimizes risk management, and improves operational efficiency.
We seek senior underwriters who have experience underwriting for Merchant Cash Advance (MCA) businesses.
Responsibilities for the role

  • Perform due diligence on eligible deals (e.g., valuation, credit review, financial document review, merchant research, risk assessment, review site inspections, etc.) Analyze the data from prospective merchant applications. credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
  • Conduct interviews with merchants
  • Collaborate with Processing department to finalize
  • Present pricing, stipulations, and terms within risk parameters for eligible deals; communicate funding offers to merchants
  • Analyze the data from prospective merchant applications. credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
  • Interact with internal Sales Team and the Funding Team
  • Apply appropriate underwriting criteria to applications following published credit policy to mitigate financial exposure properly.
  • Read and analyze credit reports, merchant processing statements, bank statements, and financial statements to determine the merchant's ability to support the exposure associated with their business type and requested parameters.
  • Gather due diligence data from various locations, including but not limited to third party vendor websites, the internet, the client obtained data, etc. to make approval/denial decisions
  • Performing extensive due diligence searches on each client submission eligible for an offer, including lien searches, landlord verifications, order credit reports, and background searches


Requirements

  • Minimum of 7+ years of experience working for a financial services firm,
  • preferably in the cash advance or MCA space.
  • Underwriting experience in alternative financing (MCA, Term Loans)


Benefits & Perks
Generous medical, dental, and vision insurance.
401K match, stock options, 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 2022.
Crain's New York Fast 50.
Great Place to Work Certified.
Salary Range
$80k-$110k

See More
Apply Now
By clicking Apply Now you agree to share your profile information with the hiring company.
Save job
By clicking Apply Now you agree to share your profile information with the hiring company.
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.
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.
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.
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
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
Generous parental leave
We provide up to 12 weeks of parental leave for the primary caretaker.
Family medical leave
Vacation + Time Off
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
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

Additional Perks + Benefits

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

View full list of perks + benefits
Photo Gallery

More Jobs at Biz2Credit Inc.

Apply Now
By clicking Apply Now you agree to share your profile information with the hiring company.
Save job
By clicking Apply Now you agree to share your profile information with the hiring company.
Learn more about Biz2Credit Inc.Find similar jobs like this