Credit Strategy Lead

Position Overview

• Location Type: Remote
• Job Type: Full-time
• Salary: $110,000 - $160,000 + equity + benefits

The Credit Strategy Lead will support the Credit Department in implementing strategy and process improvement across our lending platform. This role requires the ability to thrive in a fast-paced environment and manage multiple projects simultaneously. Settle is a rapidly growing company focused on cashflow management for founders and small business owners, working with brands like Branch Furniture, Olipop, and Truvani.

Requirements

• Experience: 3+ years of commercial underwriting experience at a bank, financial institution, or fintech company.
• Financial Analysis: Thorough analysis of financial statements (P&L, BS, CF) and metrics.
• Loan Product Knowledge: Experience underwriting/managing asset-based loans, term loans, factoring facilities, merchant cash advances, credit cards, or other loan products.
• Technical Skills: Strong background in SQL and Excel.
• Attributes: Meticulously detail-oriented, ability to prioritize tasks effectively, self-starter mentality, ability to work autonomously and lead projects with limited oversight, critical thinking skills.

Responsibilities

• Strengthen our portfolio management tools to help us get ahead of potential delinquencies/defaults.
• Assist the Credit team in identifying process gaps and implementing improvements.
• Partner with our risk operations team to manage payment failures and triage escalations.
• Serve as a cross-functional partner between credit, finance, capital markets, and risk operations to ensure accurate reporting for our borrowing facilities.
• Work closely with our data and engineering teams to incorporate new data sets into our underwriting models (including building relationships with third-party data vendors).
• Build out monthly credit reporting dashboards.
• Periodically perform underwriting audits to ensure we are complying with our internal policies.

Nice to Have

• Fintech experience.
• Prior portfolio management and/or workout experience.

Compensation & Benefits

• Annual Base Salary: $110,000 - $160,000
• Equity: Offered
• Benefits:
  • Unlimited PTO
  • Flexible and remote work culture
  • Generous salary and equity for all staff
  • Health, dental, and vision coverage for you and your dependents
  • Lunch & commute reimbursement (when working in the NYC office near Union Square)
  • $500 home office set up reimbursement

Company Information

Settle is on a mission to make buying inventory super easy. Since the company’s inception in 2019, we’ve been building a cashflow management platform that allows founders and small business owners to more easily manage their company’s financial health with a mix of accounts payable and flexible financing tools. We already work with some amazing brands that you probably know and love, like Branch Furniture, Olipop, Truvani, Starface, and Ghia. Check us out in On Deck's Top Companies of 2023, Forbes' Next Billion-Dollar Startups, Techcrunch and this Kleiner blog post.