Credit Underwriter

2 weeks ago

London, United Kingdom MONET Full time

Job Description

MONET:

MONET is a fintech startup that's building the financial operations platform for agencies (media, creative, influencer, advertising). We help agencies power through financial and operational challenges with industry-specific technology and financing.

Currently, our technology provides agencies with frictionless access to a unique form of invoice finance, global payments, vendor, and client account management. Soon, we will roll out further support in treasury banking, credit, collections, accounting, and integrations with the essential tools agencies use to get ahead.

Founded in 2021, MONET has helped agencies manage their relationships with enterprise clients such as Meta, Dyson, Google, Pepsi, and WPP by advancing capital on-demand. MONET's unique EarlyPay product has also helped agencies instantly advance payments to their global networks of talent like influencers, celebrities, freelancers, and vendors in a compliant and revenue-generating manner. We're an early-stage company with an exciting future in 2024 and beyond. We're backed by leading investors such as the co-founders and founders of Monzo, Cognism, Complyadvantage, and Fonix, alongside VCs such as Force Over Mass and Portfolio Ventures and executives from a range of institutions.

Overview of Role:

We are on the lookout for a dedicated and skilled Credit Risk Underwriter to become a key player in our finance team. This full-time opportunity comes with a competitive salary, generous equity options, and the flexibility to work from the Isle of Man (remote or hybrid) or London (hybrid with WeWork All Access). You’ll be the full-cycle lead across underwriting our customers' creditworthiness at onboarding, to assessing each invoice we consider financing, and you'll be a key player in developing our overall credit risk strategy. You'll work closely with the CEO, CFO, and collections manager.

Your Responsibilities:

  • Execute precise and efficient underwriting decisions for invoice finance deals, aligning with our commercial and risk management goals.
  • Assess and make timely underwriting decisions within set authority levels and provide well-considered recommendations to senior management as necessary.
  • Conduct in-depth financial analyses to evaluate all relevant financial and non-financial factors for informed decision-making.
  • Carry out comprehensive due diligence, including checks with credit reference agencies, relevant bureaus, and external sources, to support risk assessments. You'll be supported with leading risk analysis technology to make these tasks very efficient.
  • Keep abreast of market trends affecting our customer base to help us maintain a competitive edge.
  • Assist in internal audit processes to ensure compliance and operational excellence.
  • Assist in the collections process where necessary to maintain our credit risk appetite.

Your Background:

Essential:

  • Proven experience in invoice finance underwriting, demonstrating a deep understanding of the unique challenges and opportunities in this sector.
  • Solid knowledge of accounting principles and financial statement analysis, specifically relating to SMEs and corporates.
  • Experience managing significant balances as part of your underwriting portfolio.

Non-essential:

  • Have experience within financial services environment of credit approval and management across a broad range of finance products particularly Invoice Finance.
  • A background in underwriting both Soft & Hard Assets is beneficial but not mandatory.
  • Background in credit risk for SMB lending is beneficial for future products.

About You:

  • Agile and detail-oriented, with a capacity to work efficiently in a dynamic, fast-paced environment.
  • Happy and capable to work alone and within a team, which is both hybrid and remote.
  • Interested in helping shape our product by working with our product and engineering team to provide feedback and suggestions for our customers and our own internal tools.
  • Excellent communication skills, able to convey complex information clearly to customers and internal stakeholders.
  • Able to synthesise data and provide both detailed and executive analysis.
  • A team player with a proactive attitude, eager to contribute to a growing business in a meaningful way.

️ About us:

We’re a small team of doers from diverse backgrounds with varied skills and plenty of neuro-diversity, and love working with people who want to make the difference for themselves, team and customers.

What you can expect from MONET:

  • Equity plan in the business via tax efficient share options
  • Competitive salary
  • Flexible working hours
  • Hybrid working and remote plan
  • WeWork office in London Paddington & remote in Isle of Man
  • WeWork All Access Pass (work from any WeWork worldwide)
  • High quality laptop of your choice and supporting equipment (Macbook or Dell)
  • Freedom to explore new technologies and ideas
  • Opportunity to scale your role as we grow.

Our Tech-Stack:

Our underwriting process is supported by advanced technological solutions and analytical tools designed for efficiency, accuracy, and compliance in the invoice finance sector. There are also manual underwriting tasks, and you are given the opportunity to structure this as you see fit.

How to Apply?

If you are enthusiastic about holding a key role and taking on a new adventure with big plans, we’d love to hear from you. Apply through LinkedIn or just drop your CV to work@monet.money.

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