Credit Risk Underwriter

Jeeves is a groundbreaking financial operating system built for global businesses that provides corporate cards, cross-border payments, and spend management software within one unified platform. The company operates across 20+ countries including Brazil, Canada, Colombia, Mexico, the United Kingdom, across Europe, and the United States, and serves over 5,000 clients ranging from venture-backed startups to SMBs around the world. With a mission to empower businesses with more efficient and cost-effective financial solutions worldwide, Jeeves combines cutting-edge financial technology with exceptional team expertise to transform the business financial landscape. Jeeves has been recognized as one of The Information's 50 Most Promising Startups in 2023, as well as a Y Combinator Top Company 2021-2023 and won “Fintech of the Year" at the European Fintech Awards.

Since graduating from Y Combinator in 2020, Jeeves has successfully raised over $380 million and is backed by top world-class investors including Andreessen Horowitz, Y Combinator, CRV, Tencent, Stanford University, Clocktower Ventures, and founders of more than 15 unicorns including David Velez (Nubank), Carlos Garcia (Kavak) and Sebastián Mejía (Rappi).

We are looking for a seasoned Credit Underwriter to join our team, focusing on supporting the expansion of Jeeves’ global credit portfolio within the Colombian market. In this role, you will be responsible for commercial credit underwriting, leveraging cutting-edge models and alternative data to assess risk and structure deals for businesses of various scales. A key part of your contribution will involve continuously enhancing our underwriting policies and processes to ensure risk assessment quality while improving efficiency. You will combine local market expertise with advanced underwriting practices to ensure robust risk assessment and portfolio health.

As a global organization, Jeeves is committed to building a team as diverse as the companies we serve. Jeeves is a global company and English is the language we use internally to communicate between regions therefore, fluency in English is required for this position.

Location: This role is based out of Bogotá, Colombia, and is a full-time hybrid position where it is required to come into our office in the Parque de la 93 area (2-3 days/week). #LI-HYBRID

Job Responsibilities: :
• Responsible for underwriting commercial loans for new and existing customers leveraging provided software cutting-edge models and alternative data to assess businesses of various scales.
• Conduct in-depth analysis of financial statements (Balance Sheet, P&L, Cash Flow) to determine debt service capacity, leverage, and liquidity positions.
• Prepare comprehensive credit memos and present recommendations to the Credit Committee, clearly articulating key risks, mitigants, and structuring rationales.
• Structure complex credit facilities, including recommending appropriate covenants, collateral requirements, and terms that align with the borrower's risk profileAssists team members in evaluating new data sources in Colombia.
• Provide input for improving efficiency for the underwriting team.
• Establishes rapport; maintains and grows important relationship within the portfolio.

Requirements: :
• 5+ years in credit underwriting, with experience in commercial credit risk in the Colombian market.
• Solid understanding of the Colombian regulatory landscape (e.g., SARLAFT) and legal frameworks regarding commercial lending, guarantees, and collateral enforcement.
• Expertise working with local credit bureaus (e.g., DataCrédito, TransUnion) and interpreting local tax/legal documents (Rut, Cámara de Comercio, Declaración de Renta).
• Advanced proficiency in financial modeling and 'spreading' financial statements; ability to reconstruct cash flows from raw data.
• Understanding of how risk models operate and how to explain components of underwriting assessment.
• Must have the ability to conduct research into borrowers and industries to be abreast with factors that may affect profitability and the borrower’s ability to repay loans.
• Demonstrated ability to work well with internal sales teams and balance need for prudent underwriting and following guidelines with a mindset and bias to enable growth.
• Experience with corporate credit cards, payments, lending, or related industries.
• Intellectual curiosity.
• Excellent written and verbal communication skills conducted in English.
• Strong interpersonal skills to develop and maintain internal and external relationships within their portfolio.
• Experience in high growth startups preferred.