Director, Merchant Underwriting

Description

FinMkt is a fast growing, New York-based financial technology company providing financial marketplace technology solutions to consumers, merchants/retailers, banks and alternative finance companies. Our industry-leading Gateway platform connects customer loan offer requests to relevant third-party loan offers in real-time. We have deep integrations with some of the world’s largest tech-enabled lenders who use our marketplace platform to present loan offers and also to monetize declined applications. From a cultural perspective, we believe that a team’s shared values are critical to success and are proud of our beliefs which center around: honesty, integrity, passion, teamwork and loyalty.

If those values describe you (and you have permanently removed the words “impossible” and “can’t” from your vocabulary), then FinMkt is the place for you!


The Role

FinMkt is seeking a Director of Merchant Underwriting to join our hardworking and fast-paced digital solutions team. This motivated self-starter will support our Gateway solution by implementing and managing our merchant underwriting workflow which uses third-party data sources and in-house underwriting processes to approve merchants for participation on our customer financing platform. This dynamic and versatile individual will make a significant contribution to our soon-to-be launched merchant qualification and onboarding operation and will be able to rapidly assume a significant amount of responsibility.

As an experienced merchant or small and medium-sized business underwriter, you will lead efforts to implement and manage business processes including automated merchant underwriting, risk scoring and onboarding activities. In this role, you will work with cross-functional teams to address both technical and operational challenges related to our merchant underwriting processes. Your responsibilities will include: underwriting process design and refinement, maintaining our merchant risk scoring algorithms and processes optimization and documentation. A natural leader, the Director of Merchant Underwriting will coach and develop junior underwriting professionals while managing, monitoring and reporting the status of merchant underwriting operations. In this senior role, your wealth of industry and technical knowledge gained through prior work experience will be the key to your success in making our merchant underwriting process a competitive advantage.


General Responsibilities

  • Promotes a team mindset and commitment to achieving success with a sense of pride for FinMkt and the FinMkt Gateway technology
  • Possesses strong understanding of SMB or merchant underwriting
  • Is familiar with underwriting process design including the incorporation of third-party data tools (identification, fraud, etc.)
  • Willing to roll up sleeves to understand and refine our merchant onboarding risk scoring model
  • Leads, mentors and champions junior members of the Underwriting team to foster internal growth
  • Prepares system and process updates and presents senior management with clear strategies to adjust models and mitigate risk
  • Ensures compliance in credit policies and underwriting procedures
  • Exhibits a sense of urgency towards meeting client requests while also meeting acceptable risk parameters

Requirements

  • BA in accounting, finance or business
  • 4+ years of experience in SMB and consumer credit underwriting technology design and implementation
  • Proven experience as a manager, leader and driver of results-driven success as you champion and mentor your team
  • Experienced with underwriting or risk models for financial institutions
  • Collaborates effectively in cross-functional team environment and leading cross-functional teams
  • Ability to effectively and clearly communicate instructions to others, summarize and articulate issues, and document findings in a clear and concise manner
  • Self-directed and self-motivated with demonstrated experience in providing ideas and solutions to further business understanding
  • Ability to handle sensitive information with the highest degree of integrity and confidentiality
  • High degree of personal and professional integrity – consistent, trustworthy, honest and fair in dealing with bank staff and clients

Location: New York, New York or Atlanta, Georgia

FinMkt is an equal opportunity employer and will not discriminate against any employee or applicant on the basis of age, color, disability, gender, national origin, race, religion, sexual orientation, veteran status, or any classification protected by federal, state, or local law.


JOIN OUR TEAM!

FinMkt is a fast growing, New York-based financial technology company providing financial marketplace solutions to retailers, associations, financial institutions and alternative finance companies. Our industry-leading Gateway platform connects customer loan offer requests to relevant third-party loan offers, in real-time. We have deep integrations with some of the largest tech-enabled lenders. Our technology powers the decline of the largest online lenders and we believe that a team's shared values are critical to success and are proud of our beliefs which center around: honesty, integrity, passion, teamwork and loyalty.

If those values describe you (and you have permanently removed the words "impossible" and "can't" from your vocabulary), then FinMkt is the place for you!

Send us an email to info@finmkt.io.