Senior Credit Analyst

About the role

You will lead underwriting efforts for SMB and mid-market manufacturing customers. You will assess financial health, evaluate risk, and recommend commercial structures that align customer opportunity with Formic’s capital strategy. This role requires strong analytical rigor, sound judgment, and the ability to operate independently while partnering closely with Sales and cross-functional stakeholders to support deal execution without compromising credit discipline.

What makes you a great fit

• Evaluate financial statements, cash flow profiles, leverage, and working capital trends for SMB and mid-market companies
• Assign internal risk ratings and recommend appropriate exposure thresholds
• Structure commercial terms aligned to customer risk profile and portfolio objectives
• Partner with Sales to support timely deal execution while maintaining underwriting discipline
• Coordinate with Legal and Finance to ensure commercial terms align with Formic’s risk posture
• Maintain clear documentation of underwriting decisions and supporting analysis
• Contribute to refinement of underwriting tools, frameworks, and internal processes

Bonus points if you have

• Experience in equipment finance, leasing, or capital equipment underwriting
• Familiarity with subscription or recurring revenue business models
• Experience with portfolio monitoring, delinquency management, and loss forecasting
• Experience working within Salesforce or similar CRM-driven workflow

Total Rewards

• Equity in Formic: Participate in our stock option program and share in the success of a fast-growing start-up backed by leading global investors
• Competitive & Uncapped Commission Structure: Designed to reward performance and impact in commission-eligible roles
• Comprehensive Healthcare Coverage: Medical, dental, and vision insurance through Blue Cross Blue Shield and Unum, with 99% of employee premiums covered and 75% coverage for dependents, with optional buy-up plans available
• Additional Insurance Benefits: FSA and DCFSA, life insurance, short-term disability, and long-term disability through Unum, all 100% employer-paid
• Employee Assistance Program (EAP): Fully funded by Formic, offering support when you need it most
• Paid Parental Leave Program: Up to 12 weeks of paid parental leave
• Company-sponsored 401(k): Invest in your future with our company-facilitated retirement savings plan
• Home Office Stipend: A one-time allowance for fully remote and hybrid employees to support an at-home or on-the-road work setup
• Monthly Cell Phone Reimbursement: Monthly stipend toward personal phone and internet expenses
• Flexible Time Off: Take the time you need, when you need it, supported by our flexible PTO policy

Compensation Range

$95,000 - $145,000 USD

Equal Opportunity Employment

We are an equal opportunity employer. We do not discriminate on the basis of race, color, religion or religious creed, sexual orientation, gender, gender identity, marital status, family or parental status, disability, military or veteran status, or any other basis protected by law. All employment decisions are based on a person’s merit, business needs, and role requirements.