Full-Time Principal Underwriter, Credit Risk

Clearco is the leader of AI, data-driven ecommerce funding.

What your day-to-day will look like:

• Become the most senior individual contributor on the diligence and underwriting team.
• Conduct reviews of Clearco customers to reach robust credit decisions.
• Develop and refine detailed risk frameworks for these decisions alongside the credit team.
• Work collaboratively with internal stakeholders to complete ad-hoc requests and projects.
• Continuously stay abreast of underwriting best practices and expand knowledge.
• Undertake detailed financial statement analysis to evaluate the financial health of Clearco customers and prospects and effectively communicate findings to key stakeholders.
• Test and refine specific financial metrics and ratios Clearco uses in its financial statement analysis.
• Maintain expert knowledge of and adherence to Clearco’s internal financial underwriting framework, authorization limits, and escalation processes.
• Build positive relationships and trust among key stakeholders and serve as a risk advisor to Credit & Risk leadership.
• Conduct regular, ongoing analysis of the Clearco portfolio to identify risks and assist with the development of action plans for remediation.

Required skills and experience:

• Graduated from an analytics, business, accounting, economics, or finance program
• 7+ years of finance, credit underwriting, consulting, commercial banking, private equity, analytics, or investment banking experience.
• Prior experience underwriting SMB credit, preferably at a commercial bank or comparable specialty finance platform.
• Extensive knowledge of and experience in financial underwriting, credit analysis, investment operations and/or risk management
• Passion for diving deep into company data and conducting thorough financial statement and credit analysis
• Familiarity with the e-commerce landscape, business models, and metrics
• Strong analytical abilities to simplify sophisticated problems
• Excellent communication, interpersonal, and collaboration skills
• Confidence in building and presenting training modules on finance and risk management
• Strong ability to write reports and conduct statistical analysis with clear recommendations
• Sound knowledge of general compliance requirements
• Results-oriented mindset, with a passion for exceeding goals
• A builder who can identify room for improvement
• Accountability to own mistakes and development; comfortable with radical candour
• Strong customer-facing experience; experience taking external meetings and leading discussions/negotiations

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