Job Description

Underwriter - Revenue-Based Financing

Employment Type: Full-time

Location: Florence, AL

Position Summary:

We are seeking an experienced Underwriter to join our dynamic revenue-based financing team. This role is essential in evaluating small and medium-sized businesses for funding while maintaining our commitment to responsible lending practices. The ideal candidate will have strong analytical skills, business acumen, and experience in alternative lending or commercial credit analysis.

Key Responsibilities:

Credit Analysis and Risk Assessment

 Analyze and underwrite revenue-based financing applications ranging from $10,000 to $250,000

 Review and evaluate business financial statements, bank statements, tax returns, and revenue documentation

 Assess business cash flow patterns, seasonality, and growth trends to determine repayment capacity

 Evaluate business models, industry risks, and market conditions affecting applicant businesses

 Calculate appropriate funding amounts, factor rates, and repayment terms based on revenue analysis

 Utilize proprietary scoring models and risk assessment tools to make informed credit decisions

Due Diligence and Documentation

 Verify business information, revenue claims, and financial documentation authenticity

 Conduct comprehensive background checks on business owners and key personnel

 Review legal structure, compliance status, and any outstanding legal issues

 Analyze merchant processing statements, e-commerce platforms, and other revenue sources

 Evaluate existing debt obligations and their impact on cash flow availability

 Document all underwriting decisions with clear rationale and risk mitigation strategies

Portfolio Management and Monitoring

 Monitor portfolio performance and identify trends in approval rates, funding performance, and losses

 Participate in regular portfolio reviews and risk assessment meetings

 Recommend policy adjustments based on performance data and market conditions

 Collaborate with collections team on troubled accounts and workout solutions

 Assist in developing and refining underwriting guidelines and procedures

Collaboration and Communication

 Work closely with business development team to provide feedback on deal structure and pricing

 Communicate approval decisions, conditions, and declines to relationship managers and clients

 Provide guidance to junior underwriters and support staff on complex transactions

 Partner with legal and compliance teams on regulatory requirements and documentation standards

 Present complex deals to credit committee for approval when required

Required Qualifications:

 Bachelor's degree in Finance, Economics, Business, or related field preferred

 3+ years of commercial underwriting, credit analysis, or alternative lending experience preferred

 Strong understanding of small business financial statements and cash flow analysis

 Experience with revenue-based financing, merchant cash advances, or similar alternative lending products preferred

 Proficiency in financial modeling and risk assessment techniques

 Knowledge of commercial lending regulations and compliance requirements

 Advanced Excel skills and experience with underwriting software platforms

 Strong attention to detail and ability to work under tight deadlines

 Knowledge of various payment processing platforms and merchant services

 Experience with automated underwriting systems and decisioning technology

Skills and Competencies:

 Analytical: Strong quantitative and qualitative analysis skills with ability to synthesize complex financial information

 Decision-Making: Sound judgment in risk assessment with ability to balance growth objectives and risk management

 Technology: Proficiency with CRM systems, underwriting platforms, and financial analysis tools

 Communication: Excellent written and verbal communication skills for internal and external stakeholders

 Industry Knowledge: Understanding of various business models and industry- specific risks and opportunities

 Adaptability: Ability to work in fast-paced environment with evolving products and market conditions

Underwriting Focus Areas

Business Types and Industries

 E-commerce and online retail

 Professional services and consulting

 Healthcare and medical practices

 Manufacturing and distribution

 Restaurant and hospitality

 Service-based businesses with recurring revenue

Key Evaluation Criteria

 Monthly recurring revenue (MRR) and annual recurring revenue (ARR) analysis

 Customer concentration and churn rates

 Gross margins and unit economics

 Management experience and track record

 Market position and competitive landscape

 Technology platforms and payment processing stability

Performance Metrics

 Application processing time and volume targets

 Credit decision accuracy and portfolio performance

 Approval rates within risk parameters

 Customer satisfaction with underwriting process

 Compliance with regulatory and company policies

 Contribution to portfolio growth and profitability objectives

Technology and Tools

 Underwriting management systems

 Financial spreading and analysis software

 Credit reporting and background check platforms

 Bank statement analysis tools

 Document management systems

 CRM and communication platforms

Compensation and Benefits

 Competitive base salary commensurate with experience

 Performance-based annual bonus program

 Comprehensive health, dental, and vision insurance

 Paid time off and holidays

 Professional development and continuing education support

Career Development:

This role offers excellent opportunities for career advancement within our growing organization. Successful underwriters can advance to senior underwriting positions, portfolio management roles, or credit policy development positions. We support professional development through training programs, industry conferences, and continuing education opportunities.

Why Join Our Team?

Join a forward-thinking fintech company that's transforming how small businesses access capital. Our revenue-based financing model creates unique underwriting challenges and opportunities, allowing you to work with diverse businesses across multiple industries. You're be part of a collaborative team that values innovation, responsible lending practices, and supporting small business growth across North America.

To Apply:

Please submit your resume and cover letter highlighting your underwriting experience and interest in alternative lending. Include specific examples of your experience with small business credit analysis and any relevant alternative lending background.

Fundfi Merchant Funding is an equal opportunity employer committed to diversity and

inclusion.

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