Prime

Head of Credit

New York, New York, United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Fintech, Data & AnalyticsIndustries

Requirements

Candidates should have a strong background in credit risk management and a proven track record of developing credit policies and procedures. Experience in leading cross-functional teams, particularly with Product, Engineering, and Data Science, is essential. A solid understanding of data analytics and machine learning models applied to credit decision-making is required, along with excellent communication skills for managing relationships with stakeholders.

Responsibilities

As the Head of Credit, you will shape the credit strategy and risk management framework. You will lead the development and implementation of credit policies while managing relationships with balance sheet partners and regulatory bodies. Additionally, you will oversee the credit risk assessment framework, enhance decision-making using advanced analytics, and ensure optimal management of the entire credit lifecycle. You will also provide leadership to the credit and risk management teams, promoting a culture of continuous improvement.

Skills

Credit Risk Management
Risk Prediction
Data Analytics
Machine Learning
Stakeholder Management
Financial Reporting
Underwriting
Loan Portfolio Management
Data Science
Product Management

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.

Key Metrics

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.

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