Credit & Underwriting Analyst

About Us:

At Parafin, we’re on a mission to grow small businesses.

Small businesses are the backbone of our economy, but traditional banks often don’t have their backs. We build tech that makes it simple for small businesses to access the financial tools they need through the platforms they already sell on. 

We partner with companies like DoorDash, Amazon, Worldpay, and Mindbody to offer fast and flexible funding, spend management, and savings tools  to their small business users via a simple integration. Parafin takes on all the complexity of capital markets, underwriting, servicing, compliance, and customer service for our partners. 

We’re a tight-knit team of innovators hailing from Stripe, Square, Plaid, Coinbase, Robinhood, CERN, and more — all united by a passion for building tools that help small businesses succeed. Parafin is backed by prominent venture capitalists including GIC, Notable Capital, Redpoint Ventures, Ribbit Capital, and Thrive Capital. Parafin is a Series C company, and we have raised more than $194M in equity and $340M in debt facilities.

Join us in creating a future where every small business has the financial tools they need.

About the Role

As a Credit & Underwriting Analyst at Parafin, you’ll help shape how we assess, monitor, and extend credit across our suite of financial products. You will work closely with our Risk, Product, Data, and Finance teams to develop and iterate on underwriting strategies that balance smart credit decisions with access and flexibility for small businesses. This is a highly cross-functional, analytical role that sits at the heart of Parafin’s mission.

You’ll influence how we underwrite new credit products, evaluate risk signals, and refine policies to scale responsibly — while keeping small business needs front and center.

What You’ll Be Doing

• Conduct deep-dive analysis into credit performance and loss trends to inform underwriting policies and own the process of financial review on large merchants

• Support the launch of new products by designing scalable, compliant credit operations and infrastructure

• Drive KPI development to monitor the health of our credit book and operational effectiveness

• Work with compliance and legal teams to ensure our underwriting practices meet partner and regulatory requirements

• Collaborate with Product and Engineering to enhance tooling and workflows for credit decisioning

• Support diligence efforts for partners, auditors, and regulators as needed

What We’re Searching For

• 4+ years of experience in underwriting, credit risk, analytics, or related roles in fintech, B2B lending, or cards

• Comfort underwriting small businesses

• Strong analytical and technical skills: proficiency in SQL, and fluency in financial statement analysis

• Experience making decisions with imperfect data and building structure in ambiguity

• Familiarity with credit modeling, loss forecasting, or portfolio risk management is a plus

• Excellent cross-functional communication; able to translate data insights into business strategy

• Self-starter who thrives in ambiguous and fast-paced environments

• Thoughtful problem solver who can balance risk management with customer and business needs
  

We Prefer If You Have

• Experience in a high-growth fintech or credit card startup

• Familiarity with revenue-based financing or embedded lending products

• Prior exposure to vendor evaluation, fraud risk, or KYC/AML compliance

• A track record of shipping new underwriting systems or policies in collaboration with technical teams

What We Offer

• Salary Range: $135k - $170k

• Equity grant

• Medical, dental & vision insurance

• Unlimited PTO & work from home flexibility

• Commuter benefits

• Free lunches

• Paid parental leave

• 401(k)

• Employee assistance program

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please contact us.