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Credit Analyst

CREDIT ANALYST POSITION SPECIFICATION

Launched in 2007, 1st Merchant Funding (the “Company”) is a leading provider of merchant cash advance products available to small and medium-sized businesses.  The Company utilizes data aggregation and electronic payment receipts in conjunction with proprietary scoring models to evaluate the financial health of small businesses, and provide immediate working capital as quick as two business days.  The Company has one of the industry’s largest independent sales networks with over 2,600 independent sales agents marketing its cash advance products. Businesses typically use the Company’s capital to fund expansion, purchase equipment and inventory, increase advertising, manage unexpected expenses and take advantage of seasonal opportunities.  The Company is also the exclusive gatekeeper of PowerForce®, the industry’s leading disruptive financial technology platform. For more information about the Company, visit www.1stmerchantfunding.com.

The Credit Analyst role will be based in Miami.  Insurance benefits are available the first of the month following sixty days with the Company. 1st Merchant Funding is a growing, technology enabled, fast paced, collaborative and team-oriented financial services firm. We are actively seeking qualified candidates for this role and growth opportunity.

Essential Functions:

As key members of the Company’s Underwriting Team, Credit Analysts are responsible for coordinating the gathering, collecting, verifying and organizing all items as may be required by the Company in connection with its data submission, underwriting review and funding processes.  Additional responsibilities include organization and computer skills to upload this information in the Company’s systems and tracking this information through the Company’s workflows as well as detailed tracking of all items collected.  Computer/internet research, including through search engines and social media sites is also involved.  Direct communication (phone, email, fax) with the Company’s prospects, merchants, agents and partners will also be part of the responsibilities of this role together with email and/or letter correspondence and update notes into the Company’s systems. 

Information accessed and gathered may include confidential and sensitive information of the Company and its merchants. Safeguarding all of this confidential information is an essential part of this role. In addition, strict adherence to compliance of all applicable laws and regulations relative to the performance of the duties hereunder is essential. This role and the corresponding duties may expand to other items as may be requested by the Company. 

Qualifications:

  • Requires a high school diploma or its equivalent and either (i) college degree or (ii) at least two (2) years of experience as a financial services loan processing analyst or cash advance processing analyst position
  • Has knowledge of commonly – used concepts, practices and procedures within the financial services loan processing and credit card processing fields
  • Relies on instructions and guidelines to perform functions of this role
  • Very organized and capable of prioritizing in a dynamic work environment
  • Maintains a keen eye for detail and has intuitive thought processing skills
  • Strong experience in MS Office and web-based portal computer skills
  • Able to secure and load large amounts of necessary information to process and complete cash advance files
  • Effective on verifying documentation for accuracy and completeness
  • Highly organized and efficient
  • Active follow up and task documentation skills critical
  • Strong communications skills, both verbally and in writing
  • Able to excel in a team environment
  • High level of integrity, professionalism and work ethic

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1st Merchant Funding LLC and its affiliates are equal opportunity employers that exercise high ethical standards and are committed to complying with all laws in the jurisdictions where they conduct business.

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