Senior Underwriter

Flex is building a finance super app for business owners — reimagining every single aspect of the financial workflow and financial services for any entrepreneur. The company has grown revenue 25x+ since publicly launching in September 2023 and is on track to achieve profitability by mid 2025. Flex is focused on mid-market businesses ($3 - $100M revenue) that are largely overlooked by existing fintech solutions and reliant on slow and outdated regional banks.  We are targeting a ~$1T revenue opportunity that is largely up for grabs.

Flex is a fully remote company and this role can be performed from anywhere.

The primary responsibility of the Underwriter position will be to conduct the required due diligence to determine the creditworthiness of prospective applicants and existing customers.  The product is targeted at Small & Medium sized businesses (5MM to 100MM ARR). The Underwriter will be responsible for reviewing, analyzing, and approving credit product applications (business financial documents such as P&L Statements, Balance Sheet and Tax Returns) and is responsible for timely turnaround on applications. The role requires prior experience in this space.

Essential Functions and Responsibilities:

·       Review credit applications for credit products and analyze applicable information (credit reports, bank data, financial data, etc) to make credit decisions in accordance with the credit policy.

·       Conduct due diligence such as performing credit searches, UCC, judgment lien and tax lien searches.

·       Ensuring that all required documentation is received for KYC and KYB requirements.

·       Determine appropriate credit limits based on financial information and creditworthiness.

·       Use discretionary judgment for credit decisions not conforming to the credit policy and communicate due diligence results to senior management to obtain the necessary approvals on all exceptions to the credit policy.

·       Responsible for conducting underwriting reviews on existing customers for credit line increases.

Qualifications:

·       Bachelor's degree in business, finance, or a related field.

·       2+ years of experience in commercial credit underwriting.

·       Strong financial background with excellent analytical skills.  Ability to analyze financial statements a plus.

·       Ability to formulate and articulate objective views based on professional credit analysis.

·       Excellent interpersonal skills including the ability to manage and deal tactfully with different communication styles.

·       Must be able to work well with people at all levels within and outside the company.

·       Strong decision-making skills needed; using sound business judgment considering impact of decisions on other aspects of the business.

·       Comfortable managing high risk accounts and being accountable for decisions.

·       Must have computer knowledge with strong Excel skills.

·       Must exercise considerable judgment and discretion involving confidential information.

·       Must have excellent time management and organization skills.

·       Must be able to handle multi-tasks and be able to prioritize workload.

·       Demonstrated integrity on personal as well as professional level.

·       Ability to research and provide solutions to obstacles using logical and analytical problem-solving skills.

·       Strong attention to detail.

Must be available during US EST timezone working hours.

• Review credit applications for credit products and analyze applicable information (credit reports, bank data, financial data, etc) to make credit decisions in accordance with the credit policy.
• Conduct due diligence such as performing credit searches, UCC, judgment lien and tax lien searches.
• Ensuring that all required documentation is received for KYC and KYB requirements.·   Determine appropriate credit limits based on financial information and creditworthiness.
• Use judgment for credit decisions constituting exceptions to applicable credit policy and communicate due diligence results to senior management to obtain the necessary approvals on all exceptions to the credit policy.
• Responsible for conducting underwriting reviews on existing customers for credit line adjustments (increase or decrease).

• Bachelor's degree in business, finance, or a related field.
• 3+ years of experience in commercial credit underwriting. More experience is a plus.
• Strong financial background with excellent analytical skills. 
• Ability to analyze financial statements.
• Ability to formulate and articulate objective views based on professional credit analysis.
• Excellent interpersonal skills including the ability to manage and deal tactfully with different communication styles.
• Must be able to work well with people at all levels within and outside the company.
• Strong decision-making skills needed; using sound business judgment considering impact of decisions on other aspects of the business.
• Comfortable managing high risk accounts and being accountable for decisions.·   Must have computer knowledge with strong Excel skills.
• Must exercise considerable judgment and discretion involving confidential information.
• Must have excellent time management and organization skills.
• Must be able to handle multi-tasks and be able to prioritize workload.
• Demonstrated integrity on personal as well as professional level.
• Ability to research and provide solutions to obstacles using logical and analytical problem-solving skills.
• Strong attention to detail.

• A visionary founding team with elite backgrounds and substantial industry experience.
• A substantial Series A round, providing ample growth and opportunities.
• A culture that supports remote work and values connection through semi-annual offsites.
• Support from leading Silicon Valley venture capitalists and industry insiders.
• An attractive compensation package, including comprehensive benefits and perks.
• A chance to join a high-growth fintech startup with an exciting mission and customer base.

Compensation will be determined based on a variety of factors, including geographic location, relevant skills, and years of experience.

At Flex, we value passion, determination, and honesty. Even if you don't fully match the job specifics, we encourage you to apply. Unusual career paths and unique skills can help you stand out. We believe diversity drives our success.