Spartan Capital · 4 days ago
Senior Underwriter - Small Business Financing
Hazlet, NJ
Full-time
Onsite
Mid, Senior Level
4+ years expSpartan Capital is a prominent fintech firm specializing in revenue-based financing for small and medium-sized businesses across the United States. They are seeking a Senior Underwriter who will assess credit risk, analyze financial documentation, and determine financing eligibility for small and medium-sized businesses. The role involves evaluating creditworthiness, conducting risk assessments, preparing loan packages, and collaborating with internal teams to ensure regulatory compliance.
CrowdfundingFinancial ServicesFinTech
Responsibilities
Work with the Relationship Managers in structuring, analyzing and negotiating credit transactions
Perform due diligence on eligible deals (e.g., valuation, credit review, financial document review, merchant research, risk assessment, review site inspections, etc.)
Review credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
Responsible for full-cycle underwriting of assigned small business financing
Determine the ability of the client to repay financing based on analysis of the client’s cash flow statements, tax returns, and other financial information
Perform detailed financial analysis on the small business, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy
Perform credit analysis and financial statement analysis on co-owners, guarantors, and individuals to determine assets coverage for requested loan amounts
Perform other due diligence as needed to determine the creditworthiness of a small business owner
Qualification
Required
4+ years of underwriting experience in Merchant Cash Advances (MCA) or Commercial Business Loans (including Asset-Based Lending (ABL) and Lines of Credit (LOCs)) for small to mid-sized businesses (SMBs)
Prior experience in a Senior Underwriter or Underwriting Manager role
Proficient in pricing decisions (offers and declines) with the ability to manage up to 40 applications per day
Experience handling final approvals for up to 5 deals per day
Perform due diligence on eligible deals (e.g., valuation, credit review, financial document review, merchant research, risk assessment, review site inspections, etc.)
Review credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
Responsible for full-cycle underwriting of assigned small business financing
Determine the ability of the client to repay financing based on analysis of the client's cash flow statements, tax returns, and other financial information
Perform detailed financial analysis on the small business, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy
Perform credit analysis and financial statement analysis on co-owners, guarantors, and individuals to determine assets coverage for requested loan amounts
Perform other due diligence as needed to determine the creditworthiness of a small business owner
Bachelor's degree in finance, accounting, business, math or similar discipline
Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry, and competitive analysis and projections
Basic knowledge of credit principles, lending operations, loan research, and general credit policies
Team player with the ability to take the initiative
Detail-oriented, ability to work well under pressure and multi-task
Strong written and verbal communication skills
Problem recognition and resolution skills
Preferred
2+ years in a commercial credit analyst or commercial underwriting role working with small businesses is a plus but not required
Proficient in various spreadsheet and word processing applications (Excel and Word are preferred) including the use of graphs/charts, and Moody's financial analysis software
Benefits
Dental insurance
Health insurance
Life insurance
Paid time off
Vision insurance
Company
Spartan Capital
About Spartan Capital: Spartan Capital is a leading fintech provider of revenue-based financing, helping small and medium-sized businesses access fast, flexible working capital without the constraints of traditional lending.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
F
Frank Ebanks
Founder
Recent News
2025-10-02
2025-05-01
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