About the job
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.
