Backflip is hiring a
Credit Analyst

Summary

The job is for a Credit Analyst in a venture-backed real estate FinTech company, Backflip. The role involves loan level credit decisions, portfolio analytics, capital product design, and loss mitigation strategy execution. The position is remote (U.S.) and requires a Bachelor's degree in business, at least 3 years of relevant professional experience, and proficiency in financial modeling.

Requirements

• Bachelor's degree in business (finance, real estate, business administration, etc.)
• At least 3 years of relevant professional experience

Responsibilities

• Analyze and approve loan applications for value-add residential investment properties
• Conduct due diligence on borrowers, properties, and market conditions
• Build financial models to assess loan-and portfolio-level performance forecasts
• Leverage proprietary internal and external data to enhance Backflip’s Credit Policy
• Build and maintain credit scoring models to streamline high-quality credit decisions
• Collaborate with the Sales, Marketing and Capital Markets teams to design innovative capital products to solve borrower pain points
• Collaborate with Underwriting, Processing and Post-Close teams to ensure a best-in-class borrower experience
• Stay current on industry trends impacting residential investment loans and the FinTech landscape
• Prepare concise credit memos for consumption by Backflip’s Credit Council, Leadership Team and Board of Directors
• Assist the Post-Close Experience team in managing distressed assets, ensuring effective loss mitigation
• Develop and implement action plans to maximize the value of distressed assets, including through loan modifications and dispositions
• Oversee the negotiation of workout agreements, borrower settlements and disposition transactions
• Build relationships with external parties to facilitate loss mitigation efforts (asset managers, PropTech firms, brokers, legal, etc.)

Preferred Qualifications

• Experience analyzing FinTech credit deals and portfolios is a plus
• Experience in real estate finance and asset management (especially distressed assets) is a plus
• Experience developing innovative capital products is a plus
• Deep knowledge of the market landscape for either: i) residential investment loans, or; ii) PropTech / FinTech ecosystem
• Understanding of mortgages, loan structuring, underwriting principles, and legal documentation
• Excellent analytical skills to assess loan risk and develop creative solutions for distressed assets
• Excellent negotiation and communication skills

Benefits

• Competitive market salary
• Equity stock options
• 100% paid health care
• 401K + company match