Head of Credit

About Us:
DailyPay, Inc. is transforming the way people get paid. As the industry's leading on-demand pay solution, DailyPay uses an award-winning technology platform to help America's top employers build stronger relationships with their employees. This voluntary employee benefit enables workers everywhere to feel more motivated to work harder and stay longer on the job, while supporting their financial well-being outside of the workplace.
DailyPay is headquartered in New York City, with operations throughout the United States as well as in Belfast. For more information, visit DailyPay's Press Center.
The Role:
You will be a leader in the Finance Organization, responsible for the credit risk management process and supporting capital market initiatives. You will work closely with various functions across the company to support the sales process while addressing risk and ensuring compliance with policies and debt covenants.
If this opportunity excites you, we encourage you to apply even if you do not meet all of the qualifications.
How You Will Make an Impact:

• Own and manage the credit underwriting process for new and existing commercial clients, with appropriate processes for client segments (i.e. from large strategic to small businesses)
• Responsible for ongoing risk reporting and portfolio risk management of the business, ensuring credit risk aligns with internal and external targets and credit underwriting policies
• Develop new credit underwriting strategies to allow for business expansion (including internal markets and new products) and maintenance of overall business risk targets (e.g., automation through technology)
• Support the sales and customer success teams internally and externally as the subject matter expert on the credit policy and credit underwriting processes
• Collaborate cross-functionally with accounting, finance, legal, and product to ensure compliance to credit risk tolerance for new business segments and product offerings
• Support debt capital markets efforts by providing support for due diligence, structuring, and lender/investor communication
• Be the point person for collateral field exams
• Manage a team of credit analysts/associates

What You Bring to The Team:

• Bachelor's degree in Business Administration, Finance, Accounting, or Economics preferred (or equivalent experience)
• 7+ years of commercial credit underwriting experience in a commercial bank, investment bank, credit fund, rating agency, or fintech company
• Strong technical skills including complex financial statement analysis and credit risk management
• Excellent communication, presentation, and project management skills
• Demonstrated experience developing new credit underwriting policies and processes to address evolving business needs
• Eye for process improvement demonstrated through iterating on existing processes and implementing automation
• Experience managing and successfully developing teams

What We Offer:

• Exceptional health, vision, and dental care
• Opportunity for equity ownership
• Life and AD&D, short- and long-term disability
• Employee Assistance Program
• Employee Resource Groups
• Fun company outings and events
• Unlimited PTO
• 401K with company match

#BI-Remote #LI-Remote
Pay Transparency. DailyPay takes a market-based approach to compensation, which may vary depending on your location. United States locations are categorized into three tiers based on a cost of labor index for that geographic area. The salary ranges are listed by geographic tier. Additionally, this role may be eligible for variable incentive compensation and stock options. Where a candidate fits within the compensation range for a role is based on their demonstrated experience, qualifications, skills, and internal equity.
New York City
$145,000 - $194,000 USD
Remote, Premium (California, Connecticut, Washington D.C., New Jersey, New York, Massachusetts, Washington)
$133,000 - $178,000 USD
Remote, Standard
$126,000 - $169,000 USD
DailyPay is committed to fostering an inclusive, equitable culture of belonging, grounded in empathy and respect, which values openness to opinions, awareness of lived experiences, fair treatment and access for all. We strive to build and develop diverse teams to create an organization where innovation thrives, where the full potential of each person is engaged, and their views, beliefs and values are integrated into our ways of working.
We encourage people of all backgrounds to join us on our mission. If you require reasonable accommodation for any aspect of the recruitment process, please send a request to [email protected]. All requests for accommodation will be addressed as confidentially as practicable.
DailyPay is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion or creed, alienage or citizenship status, political affiliation, marital or partnership status, age, national origin, ancestry, physical or mental disability, medical condition, veteran status, gender, gender identity, pregnancy, childbirth (or related medical conditions), sex, sexual orientation, sexual and other reproductive health decisions, genetic disorder, genetic predisposition, carrier status, military status, familial status, or domestic violence victim status and any other basis protected under federal, state, or local laws.