Credit Underwriting Analyst

The word ‘credit’ is derived from the latin verb meaning, “one believes”. Underwriting is not merely a science of risk scoring and algorithms, but also an art of unearthing hidden variables, and of subtle pattern recognition; bridging the gap between that of real and perceived risk. The established lending frameworks shun the intrepid entrepreneur, deeming them too risky, and lacking certain credibility. Fortunate for them, Mercury provides banking* for these ambitious startups, and they are in need of believers. 

As a Credit Underwriter, you will be joining a team of lending experts with experience spanning unsecured cards to secured commercial credit. You will help shape our new working capital loan product designed for eCommerce companies with a vision to extend to all small businesses. You will work directly with prospective borrowers to assess creditworthiness and structure creative lending solutions to support their growth. You will also partner with sales and product teams to innovate the go to market process, underwriting, and portfolio management needs of the rapidly scaling loan program. 

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC.

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As part of the journey, we would expect you to: 

• Analyze quantitative and qualitative data to summarize the strengths and risks presented in the application
• Lead diligence calls with new customers, when necessary, and help build strong relationships with existing customers
• Structure, price, and propose loan terms that balance the borrower’s capacity to repay and Mercury’s risk posture
• Monitor the ongoing repayment risk of existing loans, restructure delinquencies, collect on past due accounts
• Partner in refinement of credit policy, processes and procedures
• Work cross functionally with Sales, Product, Engineering and Design teams to improve the customer experience

Some things that might make you successful in a role like this:

• Have 2+ years of experience with financial analysis and interpreting financial performance or assessing risk exposure
• Have an understanding and excitement for the opportunity to work directly with founders and executives from early-stage startups and e-commerce companies
• Have an ability and desire to dig into numbers and derive meaningful insights and action
• Have an eye for detail and an analytical mindset
• Bachelor's degree in accounting, finance, or a related field is a plus!

The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

• US employees located in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $121,400 - 142,800
• US employees located outside of New York City, Los Angeles, Seattle or the San Francisco Bay Area: $109,300 - 128,500
• Canadian employees (any location): CAD 110,500 - 129,900

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024. Please see the independent bias audit report covering our use of Covey here.

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