Underwriter, Merchant Cash Advance (MCA)

About Finfare

Finfare is dedicated to empowering SMBs, by providing the ultimate expense management solution for growing businesses seeking to streamline their financial operations and maximize cash back rewards. Finfare offers easy expense tracking, personalized spend controls, seamless accounting integration, powerful analytics, and reliable charge card services. Our cardholders can tap into our vast network of reward program publishers and card-linked merchant offers, ensuring even bigger cash back rewards for their business.

We are always working on redefining the boundaries of digital financial services and aim to stay one step ahead in the ever-evolving fintech landscape.

About the Role

The Merchant Cash Advance (MCA) Underwriter is a pivotal role within Finfare, responsible for assessing, analyzing, and making decisions on the approval of MCA applications. This position demands a high level of analytical skill, a deep understanding of the MCA product, and the ability to identify and mitigate risks effectively. The ideal candidate will have a proven track record in underwriting MCAs or small business lending, with a keen eye for detail and a commitment to supporting business growth through sound financial judgment.

Responsibilities

• Act as a key participant in the underwriting process, which includes the analysis of credit reports, bank statements, and various other business documentation
• Assist in the negotiation of transaction terms and credit structure
• 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
• Develop and maintain underwriting guidelines and risk assessment models to minimize risk and ensure compliance with industry standards.
• Stay updated on market trends and regulatory changes that could impact the MCA sector
• Other duties as assigned.

Qualifications and Requirements

• Previous experience in a fintech or data-intensive industry required.
• Small business or start-up experience is strongly preferred.
• 1-3 years of experience in Merchant Cash Advance Underwriting or small business financing.
• Bachelor's degree or equivalent work experience required, preferably in Accounting, Finance, or related discipline.
• Fintech experience is strongly preferred.
• Previous start-up experience is strongly preferred.
• Detail-oriented with strong analytical skills.
• Excellent verbal, written, and interpersonal communication skills, as well as a strong sense of accountability.
• Ability and desire to work in a rapid-paced environment.
• Knowledge of financial principles and processes, experience with financial statement analysis
• Strong analytical and decision-making skills with a deep understanding of financial analysis and risk management
• Ability to evaluate industry trends, understand market dynamics, and develop and defend recommendations.

Bonus Points

• Knowledge of data security best practices and data governance.
• A proactive mindset with a willingness to learn and adapt to emerging technologies and techniques.

Compensation

The salary range for this position is $70k- 90k+ (depending on experience).

Benefits at Finfare

• Competitive Health, Vision, and Dental benefits (covering 100% premium for employee and all dependent(s))
• Unlimited PTO 
• Catered lunches 3+ times a week
• Health and Wellness Reimbursement
• 401K (Employer matching) 
• Parental Leave 
• Employee Stock Purchase Plan (if applicable) 
• Work Sponsorship (if applicable)
• Other Employee Perks

As part of our dedication to the diversity of our workforce, Finfare is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, gender, gender identity, gender expression, sexual orientation, age, physical or mental disability, medical condition, marital/domestic partner status, military and veteran status, genetic information or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.