Settle
Credit Strategy Lead
Job Summary
The Credit Strategy Lead at Settle is responsible for supporting the credit department by implementing strategies and process improvements for the lending platform. The role involves strengthening portfolio management tools, analyzing financial data, and managing risk to prevent delinquencies and defaults. Candidates should have extensive underwriting experience, proficiency in Excel and SQL, and the ability to work independently in a fast-paced environment. The position offers a comprehensive benefits package, including health coverage, paid time off, and professional development stipends.
Required Skills
Benefits
Job Description
Who We Are
Settle is on a mission to make buying inventory super easy. Since the company’s inception in 2019, we’ve been building a cashflow management platform that allows founders and small business owners to more easily manage their company’s financial health with a mix of accounts payable and flexible financing tools. We already work with some amazing brands that you probably know and love, like Branch Furniture, Arrae, Grüns, Lalo, Truvani, Madhappy, Starface, Ghia, and more.
Check us out in On Deck's Top Companies of 2023, Forbes' Next Billion-Dollar Startups, Techcrunch and this Kleiner blog post.
About the role:
The Credit Strategy Lead will help support the Credit Department in implementing strategy and process improvement across our lending platform. It is critical for this person to be able to operate in a fast-paced environment and juggle competing projects.
What you'll do:
- Strengthen our portfolio management tools to help us get ahead of potential delinquencies/defaults.
- Assist the Credit team in identifying process gaps and implementing improvements.
- Partner with our risk operations team to manage payment failures and triage escalations.
- Serve as a cross-functional partner between credit, finance, capital markets, and risk operations to ensure accurate reporting for our borrowing facilities.
- Work closely with our data and engineering teams to incorporate new data sets into our underwriting models (including building relationships with third-party data vendors).
- Build out monthly credit reporting dashboards.
- Periodically perform underwriting audits to ensure we are complying with our internal policies.
What you'll need:
- 3+ years of commercial underwriting experience at a bank, financial institution, or fintech company.
- Thorough analysis of financial statements (P&L, BS, CF) and metrics.
- Experience underwriting/managing asset-based loans, term loans, factoring facilities, merchant cash advances, credit cards, or other loan products.
- Strong background in Excel and SQL, writing/modifying query logic beyond simply using existing pre-written queries.
- Meticulously detail-oriented, with the ability to prioritize tasks effectively.
- Self-starter mentality; work autonomously and lead projects with limited oversight.
- Be resourceful and thrive in dynamic, rapidly evolving environments.
- Critical thinker who can digest complex problems, weigh competing factors, articulate risks, and solve with cross-functional stakeholders.
Nice to have:
- Fintech/startup experience.
- Prior portfolio management and/or workout experience handling distressed or underperforming assets, like:
- Non-performing loans (NPLs)
- Troubled real estate or business investments
- Workout specialists aim to recover value through:
- Restructuring debt
- Renegotiating terms
- Selling off assets
- Foreclosure or repossession
Compensation:
This role offers an annual base salary range of $110,000 - $160,000 + equity + benefits. Actual compensation will be determined by various factors, including your skills and experience.
Benefits & Perks for Settlers:
- 🏝️ Unlimited PTO
- 🏡 Flexible and remote work culture
- 💸 Generous salary and equity for all staff
- 🩺 Health, dental, and vision coverage for you and your dependents
- 🚌 Lunch & commute reimbursement when working in the NYC office located near Union Square
- 💻 $500 home office set up reimbursement
- 📚 $2,500 annual growth and development stipend
- 🥗 $50 monthly food delivery gift card
- 🪜 401k
- 🩺 HSA/FSA
- 🏢 WeWork access
- 💕 ERG groups e.g. LGBTQIA+, Women @ Settle, and more!
- 🚀 Employee Referral Program
- 🎉 Team building events
Our Commitment to You
At Settle we know that cultivating diversity and fostering an inclusive work environment is critical to our impact and success. We create an environment where no individual is advantaged or disadvantaged because of their background. We offer equal opportunity employment regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability status, age, marital status, or protected veteran status.
With a commitment to maintaining a bias-free environment in which harassment is prohibited, we respect cultural diversity and comply with the laws of the places in which we operate. We expect our business partners, suppliers, clients, and all of our team members to uphold these commitments.
Settle
Settle is the only unified platform designed for CPG brands to proactively plan, purchase, and pay for inventory, with integrated access to transparent financing.
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