Credit Underwriter

Join Adyen as a Credit Underwriter and play a pivotal role in assessing credit risk and making informed lending decisions. In this dynamic position, you will analyze financial information, evaluate creditworthiness, and collaborate with various teams to ensure our clients' needs are met efficiently.

Honeycomb Insurance manages commercial real estate insurance across more than 20 major states, with headquarters in Chicago and Tel Aviv. The company insures over $55 billion in assets and has earned recognition from Dun & Bradstreet and LinkedIn as a top startup in both Israel and Chicago. The team values innovation, strong culture, and personal growth, fostering close connections and a shared mission. Role overview This Chicago-based underwriter position focuses on assessing and managing risk for commercial real estate insurance throughout the Midwest region. The role combines technology with industry knowledge to deliver accurate and timely underwriting decisions, supporting Honeycomb’s business growth. What you will do Generate and approve quotes for new and renewal business, including cases referred by underwriting algorithms or those needing decisions beyond standard authority. Evaluate and authorize policy amendments as requested. Ensure compliance with state insurance regulations and ISO standards across all assigned states. Communicate openly and supportively with colleagues and partners in other departments. Monitor and track portfolio composition using reports and analytics. Growth and development Honeycomb supports professional growth through mentorship, project assignments, training, and opportunities to expand networks and influence. The company encourages curiosity and creative problem-solving, using big data and AI to modernize underwriting.

Kayne Anderson Capital Advisors is looking for an Underwriting Associate to join its Private Credit team in Chicago. This hybrid role focuses on supporting the underwriting and management of a diverse portfolio, with an emphasis on both detailed analysis and strategic thinking. What you will do Conduct due diligence on new transactions and existing accounts. Prepare transaction memoranda and underwriting reports for internal and external use. Develop and maintain financial models to evaluate investment opportunities. Facilitate deal closings and coordinate with internal teams. Manage a portfolio of accounts, drawing conclusions from ongoing analysis. Communicate findings clearly, both in writing and verbally, to colleagues and stakeholders. Requirements Background in financial services, accounting, or a related field. Strong attention to detail paired with the ability to see the bigger picture. Experience preparing financial models and underwriting reports. Understanding of loan documentation. Effective communicator with both written and verbal skills. Proactive and team-oriented approach to problem-solving. Work arrangement This position is based in Chicago and follows a hybrid work schedule.

About CoinflowCoinflow is an innovative payments company based in Chicago, revolutionizing global money movement. We empower merchants and marketplaces to accept diverse payment methods across 170+ countries, offering instant settlements, state-of-the-art AI-fraud prevention, and blockchain-backed proof of delivery.With the support of prominent investors like Pantera Capital, CMT Digital, Coinbase Ventures, Jump Capital, and Reciprocal Ventures, Coinflow has successfully raised $25 million in Series A funding to accelerate our mission of modernizing cross-border payments.Since our initial funding round in 2024, we have achieved remarkable growth, boasting 23x revenue increases and scaling to a multi-billion-dollar annual transaction volume run rate.The RoleAs a Senior Merchant Underwriter, you will play a vital role in analyzing merchant applications. Your responsibilities will include reviewing licenses, legal documents, transaction histories, and assessing credit risks. You will have the authority to make independent decisions on standard merchant applications and serve as a key advisor for high-risk sectors, such as Crypto, Real Money Gaming, and Remittance. For complex evaluations, you will determine the best underwriting strategy and present formal recommendations—whether for approval, conditional approval, or decline—to risk and executive leadership.What You'll DoNew Business Underwriting: Assess merchant applications to ensure compliance with legal standards, Card Scheme Rules, and Coinflow’s risk appetite. Conduct credit evaluations to confirm financial stability and the capacity to manage potential chargeback liabilities.Backbook & Portfolio Reviews: Perform routine reviews of the existing merchant portfolio, including updated licenses, legal opinions, and financial statements, ensuring ongoing compliance and managing any changes to risk profiles.Alert Investigation: Investigate anomalies such as chargeback spikes, ACH returns, or other risk indicators affecting merchant profiles.Process & Efficiency Projects: Lead initiatives to enhance processes or tools that improve efficiency and scalability of our Underwriting program.Regulatory & Scheme Adaptation: Spearhead efforts to update internal policies and processes in alignment with evolving card partner/scheme requirements and legal regulations.

Cowbell Cyber is pioneering a transformative approach in the realm of cyber insurance. By leveraging cutting-edge technology and data analytics, we equip small and medium-sized enterprises (SMEs) with proactive insights into their cyber risk exposures, coupled with customizable cyber insurance solutions that adapt to the evolving threats of both today and tomorrow. Our commitment to adaptive insurance enables us to monitor policyholders' cyber risk exposures continuously, ensuring that our underwriting practices remain aligned with the latest developments in the threat landscape.Founded in 2019 and headquartered in the vibrant San Francisco Bay Area, Cowbell has quickly expanded its reach, now operating across the United States, Canada, the United Kingdom, and India. Our recent success in securing $60 million in Series C funding from Zurich Insurance not only highlights the faith in our mission but also accelerates our journey to redefine cyber insurance on a global scale. With the support of over 25 leading reinsurance partners, Cowbell is set to revolutionize how SMEs manage the complexities of cyber threats.Key Responsibilities as a Middle Market Underwriter for the U.S.:Leverage established broker relationships to advance Cowbell’s objectives.Ensure profitability within the middle market portfolio through strategic risk selection, account analysis, and account servicing in line with Cowbell Cyber Insurance guidelines.Oversee renewal processes while upholding exemplary customer service standards to enhance retention and satisfaction.Collaborate with colleagues to achieve regional objectives and fortify partnerships with broker associates.Maintain an in-depth understanding of the cyber insurance market, current industry trends, and the evolving threat landscape.Identify and develop processes that capitalize on our unique capabilities, providing a competitive edge.Work alongside the Cyber Risk Services and Data Science teams to enhance our technology and deliverables for policyholders.Act as a subject matter expert within the team for coverage inquiries.Engage with a passionate team, fostering an environment of fun, growth, and continuous learning.

Join Stripe as a Credit Operations Analyst and play a pivotal role in enhancing our credit operations. You will be responsible for analyzing credit data, assessing risk, and ensuring compliance with regulatory standards. Your insights will directly impact our credit offerings and help us serve our customers better.

Who We Are:At Formic, we are committed to revolutionizing American manufacturing by making automation accessible to every factory. In a landscape where labor shortages, rising costs, and fierce global competition are the norm, automation has become essential for manufacturers aiming to maintain their competitive edge.We provide cutting-edge automation solutions through a Robotics-as-a-Service model that integrates industrial robotics, proprietary software, and comprehensive support into a seamless package. By eliminating traditional barriers like high costs, complexity, and risk, we empower manufacturers to implement automation swiftly, achieving significant improvements in throughput, safety, and operational efficiency—all without substantial upfront capital investment.Supported by prominent investors such as Lux Capital, Initialized Capital, Blackhorn Ventures, and Mitsubishi HC Capital North America, Formic is experiencing rapid growth and laying the groundwork for a new era of high-performance, American-made production.About the Team:The Credit Team at Formic plays a crucial role in supporting sustainable growth by assessing customer risk and structuring commercial terms that facilitate scalable automation deployments. This team collaborates across various functions to evaluate exposure, safeguard capital, and uphold disciplined underwriting standards as Formic expands its reach across the nation. By effectively managing risk while ensuring commercial agility, the team contributes to Formic's ability to scale confidently while maintaining robust portfolio performance.About the Role:As a Senior Credit Analyst, you will spearhead underwriting efforts for small to medium-sized and mid-market manufacturing clients. Your responsibilities will include assessing financial health, evaluating risk, and recommending commercial structures that align customer opportunities with Formic's capital strategy. This position demands strong analytical capabilities, sound judgment, and the capacity to work independently while closely collaborating with Sales and cross-functional teams to facilitate deal execution without compromising credit discipline.In This Role You Will:Analyze financial statements, cash flow profiles, leverage, and working capital trends for SMB and mid-market companies.Assign internal risk ratings and suggest suitable exposure thresholds.Structure commercial terms in line with customer risk profiles and portfolio objectives.Collaborate with Sales to ensure timely deal execution while adhering to underwriting discipline.Support the growth strategy of Formic through diligent risk management and credit evaluation.

Join Adyen as a Credit Risk Analyst, where you will play a vital role in managing and analyzing credit risks to ensure the financial stability of our clients. In this position, you will be responsible for evaluating credit applications, assessing client financials, and collaborating with teams to enhance risk management practices.

Position OverviewThe Aircraft Underwriter plays a crucial role in assessing and underwriting contracts for JSSI's Hourly Cost Maintenance (HCM) programs. This position entails the analysis of financial models throughout the lifecycle of an asset’s contract, ensuring that cost assumptions are accurate and performance reports are generated effectively. The Aircraft Underwriter will also collaborate with the Asset Management team to provide expertise in pricing, modeling, and project support as required.

Join Godot Consulting Group, a forward-thinking leader in the Title Industry, as we search for innovative minds and problem solvers. Our mission is to connect talented individuals with the right companies, fostering growth in a dynamic sector. Enjoy the benefits of direct-hire roles with complete confidentiality in your inquiries.This is a prime opportunity to be part of our Commercial Department at a top Title Insurance Company. As the National Commercial Underwriter/Title Officer, you will collaborate closely with our Commercial Coordinators and operations team to drive success.Your key responsibilities will include:Providing prompt, accurate answers to title underwriting and escrow inquiries from customers and title staff, ensuring smooth transactions.Partnering with the sales manager and team to cultivate new business opportunities.Creating engaging client-focused presentations on industry-relevant topics.Reviewing and negotiating Indemnity Agreements and Escrow Funding Agreements; overseeing re-insurance placements.Conducting thorough reviews of transactional, organizational, and authority documents.Collaborating with various company offices to address legal and transactional challenges encountered on shared transactions.Utilizing the company's title production platform for commitment construction, policy issuance, and ensuring timely delivery to meet customer deadlines.Monitoring and prioritizing tasks to optimize team productivity.Assessing surveys, drafting responses to title objection letters, and demonstrating proficiency in real property legal descriptions.Training current and future personnel in key operational areas as required by management.Assisting the Agency's title counsel in underwriting and coordinating both single and multi-site national transactions.Ordering title searches and liaising with local entities for report follow-ups and document retrieval.Ensuring service and quality standards are met through effective teamwork and client interactions.Coordinating pro forma and final policies pre and post-closing, as well as preparing settlement statements and disbursement requests.Experience in national commercial closings and strong communication skills are essential.Familiarity with escrow instructions, co-insurance, reinsurance, and high liability underwriting procedures is preferred.Underwriting and assisting in the closing of commercial transactions.

Join our dynamic team at Stripe as a Credit Risk Strategist within our Risk Foundations division. We are seeking a strategic thinker with a passion for risk management to develop and implement innovative credit risk strategies that align with our growth ambitions.

Position Title: Ratings Legal Attorney - Private Credit & Funds (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY or Chicago, IL Summary/Overview: Kroll Bond Rating Agency (KBRA) is a pioneering global credit rating agency committed to establishing new benchmarks of excellence, integrity, and transparency in credit ratings. As the leading agency in the private credit sector, KBRA is seeking passionate and proactive funds or securitization attorneys to join our dynamic team and engage in private credit and funds transactions. This exciting opportunity is available in our New York or Chicago offices. About the Role: In this pivotal position, you will be instrumental in the rating process, collaborating on a diverse array of fund investment and finance transactions such as feeder fund rated notes and CFOs, NAV facilities, and middle-market CLOs. Your expertise will be critical in evaluating and communicating the credit implications of deal structures, documentation, and other legal considerations. Key responsibilities include: Reviewing financing documents and pertinent fund-level documentation Identifying potential credit impacts arising from transaction structures and legal documents Coordinating with rating analysts on relevant legal matters Participating in rating committee discussions Assisting the analytical team in preparing KBRA’s industry-leading ratings and research reports About the Team: KBRA’s Ratings Legal team stands out among rating agencies by working closely with ratings analysts to identify, assess, and articulate key legal and credit aspects and risks within transaction structures. As vital contributors to the credit ratings groups, they play a significant role in developing research reports and methodologies while engaging in investor outreach. Ultimately, the attorneys in Ratings Legal ensure the quality, accuracy, timeliness, and consistency of KBRA’s ratings. Qualifications for Success: Qualified attorney with 4-6 years of post-qualification experience in feeder fund rated notes, CFOs, structured finance, or fund finance Strong analytical and communication skills Ability to work collaboratively in a fast-paced environment Proficiency in assessing complex legal documents and structures

Position Title: ABS Consumer – Associate / Associate Director (NY / Chicago)Entity: Kroll Bond Rating Agency, LLCEmployment Type: Full-timeLocation: New York, NY or Chicago, Illinois, United StatesSummary/Overview: Kroll Bond Rating Agency (KBRA) is expanding its Asset-Backed Securities (ABS) team and is looking for a skilled credit analyst. The ideal candidate will have a strong background in ABS sectors, specifically within consumer (such as auto loans, consumer loans, credit cards) or commercial/esoteric (including data centers, equipment, communications infrastructure, aviation, etc.). The role may involve working across various asset classes within ABS. Successful candidates will demonstrate adaptability and critical thinking skills. An Associate/Associate Director within the ABS group plays a vital role in transaction ratings, participating in all aspects from collateral analysis to report publication.About the Job:Conduct transaction analysis, including originator/servicer evaluations, collateral performance assessments, loan pool analysis, bond structure modeling, and legal documentation reviews.Assist in preparing credit memoranda and presenting transactions to rating committees.Contribute to individual transaction reports for publication.Help publish market commentaries related to current events or research findings.Act as a secondary contact for investors, clients, or structuring banks, working under senior team members' guidance.Participate in ongoing surveillance of rated transactions and update ratings as necessary.Attend and engage in seller/servicer due diligence, investor discussions, or industry events (some travel may be required).

Position Title: Associate Director of Corporate Ratings (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-Time Location: New York, New York; Chicago, Illinois Overview: Join our dynamic team as an Associate Director specializing in Corporate Ratings. We are looking for a highly skilled candidate with extensive credit analysis experience across diverse sectors. You will play a pivotal role in our Corporate, Project & Infrastructure Finance group, analyzing transactions in areas such as general corporates, power, renewable energy, and infrastructure. This position offers direct engagement with high-profile projects and collaboration with senior staff and market participants. Key Responsibilities: Lead the credit rating process by preparing internal reports for rating committees, analyzing cash flows, and conducting sector analyses. Conduct and publish research relevant to sectors including Power, Energy, and Renewable Finance. Contribute to the development and refinement of rating methodologies and criteria. Engage in outreach initiatives, showcasing industry expertise and KBRA methodologies during issuer and investor meetings. Qualifications for Success: Over 5 years of credit analysis experience, particularly in Power, Energy, and Renewable Finance sectors, working in a rating agency, buy-side, credit research, banking, or similar environments. Strong interest and relevant experience in ratings, fixed income research, origination, or capital markets. Exceptional verbal and written communication skills. Advanced quantitative skills, particularly with Excel, and expertise in financial statement analysis. A collaborative spirit capable of leading and integrating into a vibrant and innovative work environment. Solid academic background with a degree in finance, economics, or management; MBA or CFA designation is a plus. Proficient in managing time and resources in a fast-paced, growing company. Familiarity with Generative AI tools like ChatGPT for research and productivity enhancement is an advantage.

Position Title: Funds Ratings - Director (Chicago) Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: Chicago, IL Overview: Kroll Bond Rating Agency (KBRA) is actively seeking a Director to enhance our dynamic Funds Ratings division in the Chicago office. Our Funds team is responsible for assigning and monitoring credit ratings on a diverse range of debt instruments issued by various funds and fund vehicles. KBRA's evaluations encompass financing instruments that support fund operations, improve liquidity, and optimize capital structures. These instruments include subscription credit lines, NAV-based loans, and feeder fund rated notes. Our expansive ratings portfolio covers funds leveraging numerous investment strategies such as fixed income securities, private equity, private credit, direct lending, real estate, infrastructure, and asset-based financing. Ideal candidates will possess extensive experience and a strong interest in fund investment and credit strategies, alongside a deep understanding of how funds operate, deploy capital, and generate cash flows. Responsibilities: Oversee the new issuance rating process, assessing key factors such as capital structure, legal protections, collateral quality, cash flow dynamics, and the manager's experience and track record. Engage with issuers, conducting due diligence meetings to evaluate their investment processes, experience, risk management capabilities, and overall strategy execution. Draft rating memoranda and new issuance reports, providing recommendations to the rating committees. Lead ongoing monitoring and surveillance processes, staying informed about developments concerning outstanding issuances and ratings. Create and manage intricate spreadsheets and databases. Collaborate with KBRA experts across other sectors, including project finance, corporate finance, financial institutions, and structured finance, to devise strategies for evaluating complex multi-asset strategies. Mentor and supervise junior team members, fostering their analytical and professional skill development.

Position Title: Funds Ratings Associate / Associate Director (Chicago) Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: Chicago, IL Summary/Overview: Kroll Bond Rating Agency, LLC is actively seeking a dynamic and knowledgeable Associate/Associate Director to enhance our expanding Funds Ratings team in the vibrant city of Chicago. Our Funds team is responsible for assigning and monitoring credit ratings for an array of debt instruments issued by funds, closed-end funds, and other investment vehicles. KBRA's broadening ratings portfolio features funds utilizing diverse asset growth and income generation strategies, including fixed income securities, private equity, private credit, real estate, and middle market lending. The ideal candidate will possess significant experience and enthusiasm for fund investment and credit strategies. About the Role: Conduct comprehensive credit research on various funds and investment vehicles. Support the creation of rating and analytical tools, including cash flow and asset coverage models, to assess fund debt structures. Prepare and present detailed internal credit memos and publications through quantitative and qualitative analyses. Engage in due diligence meetings with fund management teams to evaluate their investment expertise, risk management capabilities, and strategy execution. Maintain and develop intricate spreadsheets and databases. Collaborate effectively with KBRA experts across sectors such as project finance, corporate finance, financial institutions, and structured finance. Contribute to research for internal and publication needs. Associate Directors will lead independent credit rating processes and research initiatives related to investment funds and similar vehicles, and contribute to developing rating and analytical tools. Success Factors: Bachelor’s degree in Finance, Economics, Business, or a related field. Proven experience in credit analysis or investment management. Strong analytical skills with a keen attention to detail. Excellent communication and interpersonal abilities. Proficiency in financial modeling and data analysis tools. Ability to work collaboratively in a fast-paced environment.

Position Title: ABS Commercial / Esoteric – Associate / Associate Director Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY or Chicago, Illinois, United States Summary/Overview: Kroll Bond Rating Agency (KBRA) is in search of a talented credit analyst to join our dynamic Commercial Asset-Backed Securities (ABS) team. This position offers opportunities in our New York City or Chicago offices. We prefer candidates with a background in commercial ABS asset classes, such as data centers, communications infrastructure, equipment, or aviation. However, this experience is not mandatory. The ideal candidate will demonstrate adaptability and possess strong critical thinking abilities. As an Associate or Associate Director within the ABS group, you will play a crucial role on the transaction rating team, engaging comprehensively in the rating process from collateral analysis through to report publication. About the Job: Conduct and assist in transaction analysis, including originator/servicer evaluations, collateral performance assessments, bond structure modeling and analysis, as well as a review of legal structures and documentation. Contribute to the preparation of credit memoranda and present transactions to rating committees. Draft and contribute to individual transaction reports for publication. Act as a secondary contact for investors, clients, or structuring banks, under the guidance of senior team members. Assist in publishing market commentaries related to relevant events or research. Engage in ongoing surveillance of rated transactions and amend ratings as necessary. Participate in seller/servicer due diligence, investor discussions, or industry events, which may involve travel. You will be successful in this role if you have: A Bachelor’s degree in a relevant field of study is required. For Associate level: A minimum of three (3) years of demonstrated experience in credit analysis within the ABS sector at a rating agency, buy-side investor, credit research, or similar environment. For Associate Director level: A minimum of five (5) years of demonstrated experience in credit analysis within the ABS sector at a rating agency, buy-side investor, credit research, or a similar setting.

Location: Chicago / Houston Role Type: Full TimeWe are looking for a skilled CDO/CLO Modeling Analyst who possesses a robust understanding of structured credit, particularly in the realm of Collateralized Debt Obligations (CDOs). The perfect candidate will have expertise in interpreting CDO indentures, executing compliance tests in CDO Suite, and analyzing test outputs to ensure adherence to regulatory and deal-specific requirements.Key Responsibilities:Interpret and review CDO indenture documents to identify compliance requirements.Design and implement compliance tests using CDO Suite.Evaluate and analyze test outcomes to pinpoint potential issues or violations.Work collaboratively with internal teams to guarantee precise modeling and reporting.Maintain comprehensive documentation and assist with audit and regulatory inquiries.

Kroll Bond Rating Agency (KBRA) seeks a Senior Analyst to join the Corporate Ratings team in Chicago. This position focuses on fundamental credit research that supports critical credit decisions across a variety of industries. Role overview The Senior Analyst will evaluate companies in multiple sectors, developing expertise in industry-specific rating factors and credit metrics. This role leads the corporate credit rating process, working closely with issuers, financial advisors, and legal representatives to form and present credit opinions to KBRA's credit committees. Responsibilities also include contributing to both published and unpublished credit analyses for issuers and investors, while monitoring a broad portfolio within the Corporate Finance rating coverage. What you will do Prepare detailed internal credit reports for rating committees, including cash flow and sector analysis. Conduct targeted research in relevant sectors to support credit opinions. Assist in refining and developing rating methodologies and criteria. Participate in outreach initiatives, sharing industry knowledge and KBRA methodologies in meetings with issuers and investors. Requirements Bachelor's degree in Finance, Economics, or Management required. Advanced degree, MBA, or CFA preferred. At least two years of credit analysis experience in a rating agency, buy-side, credit research, banking, or similar field. Experience and interest in ratings, fixed income research, origination, or capital markets. Strong verbal, written, and presentation skills. Advanced quantitative skills, including proficiency in Excel and financial statement analysis. Ability to collaborate and lead within cross-functional teams.

Position Title: Director of Corporate Ratings (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-Time Location: New York, New York or Chicago, Illinois Overview: Kroll Bond Rating Agency (KBRA) is in search of a highly skilled Director to enhance our dynamic Corporate Ratings team. The role emphasizes the execution of in-depth credit analysis and research spanning various sectors. The successful candidate will thrive in a collaborative environment, working alongside both internal teams and external stakeholders to generate timely and insightful corporate credit assessments. The Director will engage in comprehensive credit research across diverse industrial and service sectors, focusing on analyzing trends, key rating determinants, and shifting credit metrics. This position necessitates significant interaction with senior management of corporate issuers and their advisors, primarily based in our New York or Chicago office. Key Responsibilities: Lead the credit rating process by crafting internal credit memorandums, analyzing cash flows, conducting sector analyses, and publishing credit reports. Produce sector-specific research tailored for investors and lenders within private credit, direct lending, and public debt markets. Contribute to the development and refinement of rating methodologies and analytical tools. Participate in issuer and investor meetings to elucidate KBRA’s methodologies and showcase a thorough understanding of industry trends.