Credit Exposure and Pricing Strategist

Website Novo

We started Novo to challenge the status quowere on a mission to increase the GDP of the modern entrepreneur by creating the go-to FinTech platform for small businesses (SMBs). Novo is flipping the script of the FinTech world, and were excited to lead the small business FinTech revolution.


We are looking for people of character. Pragmatic and capable people who want to see their work drive better outcomes for small businesses the backbone of our economy. You will join our team and work on the building blocks of everything Novo ships.


  Why Novo?



  • Novo is a rapidly growing series B fintech startup with a mission-driven team thats passionate about helping every small business in America

  • Positive, inclusive, supportive culture cheering you on your journey

  • We work with very new technologies and architecture patterns 

  • We provide learning and development budgets to help you grow and bond with your team 

  • Hybrid work culture

  • Offices in NYC, Miami, and India for those that want to whiteboard in person

We are looking for an experienced Credit Strategist who understands how to develop and implement differentiated exposure and pricing strategies from the ground up. If you're passionate about taking a unique approach to risk and leveraging unconventional methods to enable innovative financial solutions, then we want to chat. Are you ready to revolutionize the small business banking industry with us?


About the Role:



  • Perform credit analysis to develop recommendations that improve new customer underwriting (credit line assignment, and pricing) and customer management strategies (credit line increase/decrease, retention, repricing etc.).

  • Develop a solid understanding of segment level valuations to optimize segment level policies.

  • Collaborate with the credit business leaders, Product Management and Data Science to implement new credit strategies.

  • Work closely with Data Scientists to leverage risk models in underwriting.

  • Drive multiple analytical projects in a fast-paced environment through effective communication with peers and customers.

  • Help in hiring, coaching, developing and mentoring credit analytics talent at Novo

  • Facilitate monthly, quarterly, and annual business reviews for the credit and leadership teams.


Requirements for the Role:



  • 7+ years experience with Loan Origination, Credit Risk Management, Credit Underwriting, Loan Underwriting, Lending Policies, Loan Review, and Credit Terms

  • A bachelor's degree or higher in mathematics, statistics, engineering, physics, economics, computer science or other quantitative field

  • Strong analytical skills with high attention to detail and accuracy

  • Hands-on, results oriented, thrives when challenged

  • Organized and collaborative


How We Define Success:



  • Ownership and accountability for a winning credit underwriting strategy

  • Continuous improvements to model and methodologies

  • Team player; does their part without the ego


Nice To Have, but Not Required:



  • Experience at a hyper-growth startup or fast-paced company


Salary Range (NYC): $174,000 – 187,000 annualized salary, offers to be determined based on experience, education and skill set. The range for this same position may be lower or higher in markets outside of New York City.


#LI-DB1  #LI-CC1  #LI-Hybrid 

Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.

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