Head of Credit

Prime Financial Technologies is a software company with a mission to accelerate small businesses. At Prime, we harness advanced data science in credit decisioning to simplify and accelerate credit distribution to small and medium-sized businesses. Operating at the cutting edge of Embedded Finance and Ecosystem Lending, Prime’s focus is on embedded lending, where sophisticated data analytics are utilized to sharpen the accuracy of pre-qualification and underwriting processes and also deliver financial solutions that are customized to the needs of businesses. Prime’s integrations are designed specifically for marketplace and SaaS platforms, ensuring a seamless transaction experience for merchants and new diversified revenue streams for platforms. Our investors include Capital One and NEA.

Most join us because they connect with our mission of democratizing access to credit for small businesses. If you are energized by the impact you can make at Prime, we’d love to hear from you!

This role is available in the Bay Area or NYC. 

The team operates in both East and West Coast time zones.

The team has regular onsite collaboration sessions. These occur several consecutive days per month either at the Bay Area or NYC office. If you need to travel to make these meetups, Prime will cover all travel related expenses.

As our Head of Credit, you will play a critical role in shaping our credit strategy and risk management framework. You will lead our efforts to develop, implement, and oversee credit policies and procedures that balance risk and reward, ensuring our portfolio's health and sustainability. Your leadership will drive our mission to provide accessible, responsible, and tailored financing solutions to SMBs, leveraging our data-forward approach to decision-making.

• Play a leadership role with Product and collaborate closely with Engineering and Data Science teams to innovate and implement a range of credit products across multiple industry sectors that meet the evolving needs of SMBs.

• Manage relationships with and reporting to balance sheet partners, investors, regulatory bodies, and other stakeholders, communicating credit performance and risk management strategies effectively.

• Develop and refine the company's credit risk management strategy and policies in alignment with business objectives and requirements.

• Lead the credit risk assessment framework, incorporating advanced data analytics and machine learning models to enhance decision-making and risk prediction.

• Oversee the entire credit lifecycle, ensuring optimal performance and management of the loan portfolio, from origination through servicing to collections.

• Provide leadership and direction to the credit and risk management teams, fostering a culture of continuous improvement and data-driven decision-making.

• Stay abreast of industry trends, regulatory changes, and advancements in technology that can impact our credit risk framework and lending products.

• Commit to integrating our core values of Win the Day, Get out of the Building, Embrace the Unknown, and Excellence as a Habit in all aspects of your daily responsibilities and professional interactions.

• 10+ years of experience in credit risk management, with a significant portion in the fintech sector and/or SMB lending.

• Proven track record of developing and managing credit policies and risk assessment models, preferably with exposure to data science and analytics-driven environments.

• Strong leadership skills, with the ability to inspire and manage a high-performing team in a fast-paced startup environment.

• Deep understanding of regulatory compliance and reporting requirements relevant to fintech and lending industries.

• Exceptional analytical and problem-solving skills, with a data-forward thinking approach.

• Ability to thrive in a fast-paced, roll-up-your-sleeves, dynamic startup environment.

• Excellent communication and stakeholder management abilities.

• Bachelor's or Master's degree in Finance, Economics, Statistics, or a related field. Advanced degrees or certifications in risk management are a plus.

• Competitive salary and equity grants

• Top tier medical, dental vision insurance

• Life insurance and disability benefits

• Personal development, technology, and ergonomic budgets

• 401K matching

• Unlimited PTO, work from home flexibility, and parental leave

• Transparent company culture and proactive communication via Weekly All Hands, Lunch & Learns, and monthly Founder AMAs

• Senior team of experienced professionals highly motivated to solve tough problems and ship remarkable products

Join our growing team as we build out the next generation of lending infrastructure for small businesses.