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Head of Credit, North America

Company: BondAval
Location: Austin
Posted on: January 15, 2022

Job Description:

Next generation B2B payment security

We've created a new credit instrument and are now scaling across the UK, Europe and North America.

Head of Credit, North America

You'll be taking on a key role in our underwriting team. You'll be working closely with our global A-rated insurance partners, our full C-Suite, and our growing client base.

Our North American office is in Austin (TX) but this role is open to candidates across North America.

Compensation and Benefits:

  • Salary: $120-150k
  • Equity: An opportunity to own a meaningful stake in the Company
  • Location: Flexible working with access to our offices in Austin (TX) and London (UK)
  • Travel: Opportunity to travel between our US, UK (and soon-to-be European) offices
  • Holiday: 30 days + 1 for your birthday
  • Pension: 3% contribution
  • Parental leave: 12-week full pay for primary carer

    In our first 12-months, we've:
    • Raised: $9m of funding from top VCs in the US and Europe
    • Launched: In the US and UK
    • Partnered: With not just one, but four 'A-Rated' insurers
    • Regulated: By multiple US States, and by the FCA in the UK
    • Sold: Onboarded our first clients (including one FTSE 100 company)
    • Hired: A best-in-class team of technologists, start-up operators and deep sector experts

      BondAval is redefining B2B payment security

      We believe SMEs should be able to compete with large corporates on a level playing field. This starts with better access to credit and capital solutions.

      We're ripping up the rulebook to create fair, frictionless and capital efficient payment security that works for businesses of all sizes.

      We strive to be a company you'll be proud to say you work for. This means bringing together a talented team with diverse experience, backgrounds and skills and creating an environment which supports and includes everyone.

      We look for character over credentials.

      A bit about the role:

      We're at the start of our journey but are already moving quickly. To ensure we can grow while maintaining healthy underwriting results we're expanding expertise in our Credit Risk team. We're looking for an energetic, collaborative, experienced and rigorous VP to support the North American business.

      You'll build and maintain strong relationships with stakeholders, including our panel of insurers, customers, brokers, business partners and colleagues.

      The Skillset

      Must haves:
      • 5 years' experience in Credit or Surety underwriting, risk analysis, or a comparable financial analysis role
      • A current credit risk analyst/underwriter role, preferably with P&L responsibility within a bank, insurance company or similar financial institution
      • Demonstrable track record of profitable underwriting performance
      • Strong knowledge of legal and regulatory requirements in the US
      • Enthusiastic approach to working with colleagues and ability to work cooperatively and flexibly
      • Experience working for an S&P-A rated financial institution with > $100k autonomous sign off authority
      • Ability to communicate effectively and persuasively both orally and in writing

        Nice to haves:
        • Further studies or professional courses in a credit, surety or financial discipline

          Where you will spend your time:

          Within 3 months, you'll be:
          • Establishing and refining methodologies and practices for our underwriting process
          • Working with our Chief Underwriting Officer to underwrite new risks
          • Performing underwriting analysis on new target segments and territories
          • Contributing to platform design and product innovation, making recommendations to improve underwriting results and customer experience
          • Implementing our risk selection strategy and overseeing underwriting for the US
          • Selecting individual & portfolios of risks that will enable profitable portfolio growth
          • Working with our Chief Underwriting Officer to hone underwriting guidelines and build attractive aggregate portfolio dynamics
          • Working with our tech team to optimise risk pre-selection within the platform
          • Building and iterating on target customer profiles to optimise our marketing strategy
          • Providing context and commentary on underwriting data trends as they develop
          • Ensuring underwriting learnings are translated to binder endorsements efficiently
          • Monitoring and maintain key portfolio underwriting metrics
          • Transferring underwriting best practice to our other territories

            Within 12 months, you'll be:
            • Implementing our risk selection strategy and overseeing underwriting for the US
            • Selecting individual & portfolios of risks that will enable profitable portfolio growth
            • Working with our Chief Underwriting Officer to hone underwriting guidelines and build attractive aggregate portfolio dynamics
            • Working with our tech team to optimise risk pre-selection within the platform
            • Building and iterating on target customer profiles to optimise our marketing strategy
            • Providing context and commentary on underwriting data trends as they develop
            • Ensuring underwriting learnings are translated to binder endorsements efficiently
            • Monitoring and maintain key portfolio underwriting metrics
            • Transferring underwriting best practice to our other territories

              Our Values:

              Family first
              • Our families are the reason we do what we do - we put them first, always.

                Innovation
                • We aim to maintain a state of mind to challenge the status-quo

                  Integrity
                  • We maintain the strongest moral compass - the standard you walk past is the standard you accept.

                    Tenacity
                    • We enjoy the ride and we keep moving forwards

Keywords: BondAval, Austin , Head of Credit, North America, Other , Austin, Texas

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