Forward Financing

Manager, Underwriting

Ontario, Canada

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial TechnologyIndustries

Requirements

Candidates should possess a Bachelor’s degree and a minimum of 5 years of professional experience in underwriting, specifically within consumer, small business, or commercial sectors. They should have at least 2 years of experience leading and managing an underwriting team, along with in-depth knowledge of underwriting principles, financial analysis, and relevant regulatory requirements. Strong problem-solving skills and the ability to make effective decisions are also essential.

Responsibilities

As Manager, Underwriting, you will lead, coach, and develop a team of underwriters to ensure high performance and alignment with business goals. You will oversee the review of small business financing applications, providing consistent feedback and support to your team. Additionally, you will work closely with underwriters to address application concerns, monitor team performance, and report on departmental progress, while also collaborating with underwriting leadership to enhance processes and guidelines.

Skills

Team Leadership
Underwriting
Application Review
Performance Management
Process Improvement
Financial Analysis

Forward Financing

Provides fast funding solutions for small businesses

About Forward Financing

Forward Financing offers fast and flexible funding solutions to small businesses in the United States, focusing on those who may not qualify for traditional bank loans. Their main product is a merchant cash advance, which provides a lump sum of cash in exchange for a percentage of future sales, allowing for quick funding often within 24 hours. Unlike traditional lenders, Forward Financing operates in the alternative lending space, providing a more accessible application process, though at higher fees due to the increased risk. The company's goal is to support small business growth by offering reliable funding while adhering to high ethical standards.

Key Metrics

Boston, MassachusettsHeadquarters
2012Year Founded
$365MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Parental Leave
Wellness Program
Professional Development Budget
Flexible Work Hours
Remote Work Options

Risks

New fintech startups in Boston may challenge Forward Financing's market share.
CEO Jason Mullins' strategic shifts could disrupt operations or alienate clients.
Expansion of $450 million credit facility may increase financial risk if not managed well.

Differentiation

Forward Financing offers fast, flexible funding with approvals within minutes.
The company has provided over $1.9 billion to 45,000 small businesses since 2012.
Forward Financing is A+ rated by the Better Business Bureau and has a 4.9-star Trustpilot rating.

Upsides

Increased demand for alternative lending boosts Forward Financing's market potential.
AI and machine learning enhance Forward Financing's risk assessment and underwriting processes.
Digital-first financial services trend aligns with Forward Financing's online application model.

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