Head of Credit at Prime

New York, New York, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Fintech, Data & AnalyticsIndustries

Skills

Key technologies and capabilities for this role

Credit Risk ManagementRisk PredictionData AnalyticsMachine LearningStakeholder ManagementFinancial ReportingUnderwritingLoan Portfolio ManagementData ScienceProduct Management

Questions & Answers

Common questions about this position

What is the salary for the Head of Credit position?

This information is not specified in the job description.

Is this role remote or does it require office presence?

The position is located in the Bay Area or NYC, with regular onsite collaboration sessions several consecutive days per month at either the Bay Area or NYC office. Prime will cover all travel-related expenses if needed for these meetups.

What skills and experience are required for this role?

This information is not specified in the job description.

What is the company culture like at Prime?

Prime fosters a collaborative environment with close work across Product, Engineering, and Data Science teams, emphasizing leadership that promotes continuous improvement and data-driven decision-making. The company values mission alignment in democratizing access to credit for small businesses and staying abreast of industry trends.

What makes a strong candidate for the Head of Credit role?

Strong candidates will connect with Prime's mission to accelerate small businesses through advanced data science in credit decisioning and be energized by the impact they can make. Experience in leadership, credit risk management, data analytics, machine learning, and stakeholder relationships is implied by the responsibilities.

Prime

Embedded financial solutions for small businesses

About Prime

PrimeFT offers embedded financial solutions tailored for small businesses, including products like expansion capital, inventory financing, and term loans. Their services are integrated into the platforms that small businesses use, making financial access seamless. Unlike competitors, PrimeFT provides a full-service solution that allows partners to customize their financial offerings through white labeling or API integration. The company's goal is to create new revenue streams for partners while using data science and AI to ensure tailored financial solutions and improve loan approval rates.

New York City, New YorkHeadquarters

2021Year Founded

$47.7MTotal Funding

SEEDCompany Stage

Data & Analytics, Fintech, Financial ServicesIndustries

11-50Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Remote Work Options

Parental Leave

Professional Development Budget

Company Equity

Risks

Increased competition from fintech startups could dilute PrimeFT's market share.

Rising interest rates may reduce demand for PrimeFT's financing products.

Regulatory scrutiny could increase compliance costs and operational challenges for PrimeFT.

Differentiation

PrimeFT offers embedded financial solutions tailored for small businesses' diverse financing needs.

The company acts as an integration layer, supporting multiple financial service models.

PrimeFT uses AI and data science for precise credit risk management and underwriting.

Upsides

Embedded finance market projected to reach $7 trillion by 2030, boosting PrimeFT's growth.

API-driven services enable personalized solutions, aligning with PrimeFT's embedded finance strategy.

AI adoption in credit risk management enhances PrimeFT's underwriting accuracy and approval rates.

Land your dream remote job 3x faster with AI

Try Jobo Free