Credit Underwriting Intern
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. Description
About Us:
Biz2Credit, a financial technology company founded in 2007, that provides funding to small business and Biz2X, a rapidly growing, high-growth Series B ($52M), SaaS digital lending platform start-up disrupting a $1.4 Trillion dollar industry. Biz2X's fully configurable SaaS platform incorporates artificial intelligence & machine learning to provide a full end-to-end solution in the SMB, Commercial, and Consumer lending space. As our partners embark on a digital transformation of their business, our solution increases operational efficiencies, enhances risk controls, and enables overall business growth.
In the 2021 $284B Paycheck Protection Program (PPP), Biz2Credit is #1 among 5000+ lenders approved by the Small Business Administration, with over 180,000 approved loans.
About this role:
We are seeking to hire interns to work in our Credit Underwriting department. Interns will learn the fundamentals of Merchant Cash Advance and Term Loans. Interns will focus primarily on underwriting and performing detailed financial analysis on small businesses, including trend and ratio analysis, and interpreting the financial information to determine credit quality and cash flow. Interns will receive foundational underwriting training with the goal of securing a position within our Underwriting organization.
Responsibilities:
Work with the Relationship Managers in structuring, analyzing, and negotiating credit transactions.
Responsible for full cycle underwriting of assigned small business financing.
Determine the ability of the client to repay financing based on analysis of the client's cash flow statements, tax returns, and other financial information.
Perform detailed financial analysis on the small business, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy.
Perform credit analysis and financial statement analysis on co-owners, guarantors, and individuals to determine assets coverage for requested loan amounts.
Coordinate with Relationship Managers regarding customer calls and site visits.
Perform other due diligence as needed to determine the creditworthiness of a small business owner.
Position Requirements
Requirements/Key Attributes:
Seeking students pursuing MBA or master's degree in Finance, Economics, or similar discipline
Passion for pursuing a career in Underwriting and strong willingness to learn the credit space.
Strong analytical skills.
Proficient in various spreadsheet and word processing applications (Excel and Word are preferred) including the use of graphs/charts,
Team player with the ability to take the initiative.
Detail-oriented, ability to work well under pressure and multi-task.
Strong written and verbal communication skills.
Problem recognition and resolution skills.
Some Benefits & Perks:
Catered lunch and team events
In the News:
Named to Deloitte Technology Fast 500
Inc 5000 - fastest growing private companies in 2020
Crain's New York Fast 50
Great Place to Work Certified
https://www.nytimes.com/2021/03/09/business/ppp-small-business-deadline.html
https://www.nytimes.com/2021/02/22/business/paycheck-protection-program-small-business-coronavirus.html
https://www.globenewswire.com/news-release/2020/11/12/2125872/0/en/HSBC-Launches-New-Service-with-Biz2Credit-to-Streamline-Banking-for-Small-Businesses-in-The-U-S.html
https://www.pymnts.com/news/b2b-payments/2018/hsbc-biz2credit-canada-smb-lending/
https://inc42.com/buzz/tata-capital-launches-online-working-capital-lending-platform/
https://www.pymnts.com/news/b2b-payments/2016/biz2credit-australia-afg-sme-small-business-finance-alternative-lending/
Biz2Credit is an equal opportunity employer.
Salary Range
This position is currently accepting applications.
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