Senior Credit Analyst

Formic•Oakland, CA

1d•$95,000 - $145,000

About The Position

As a Senior Credit Analyst, you will lead underwriting efforts for SMB and mid-market manufacturing customers. You will assess financial health, evaluate risk, and recommend commercial structures that align customer opportunity with Formic’s capital strategy. This role requires strong analytical rigor, sound judgment, and the ability to operate independently while partnering closely with Sales and cross-functional stakeholders to support deal execution without compromising credit discipline.

Requirements

5+ years of experience in commercial credit, underwriting, equipment finance, or asset-based lending
Direct experience underwriting SMB or mid-market manufacturing companies
Strong understanding of financial statements, cash flow analysis, and asset-heavy business models
Experience structuring credit exposure and negotiating commercial terms
Ability to make independent, well-reasoned credit decisions
Strong communication skills and comfort partnering with Sales and cross-functional stakeholders

Nice To Haves

Experience in equipment finance, leasing, or capital equipment underwriting
Familiarity with subscription or recurring revenue business models
Experience with portfolio monitoring, delinquency management, and loss forecasting
Experience working within Salesforce or similar CRM-driven workflow

Responsibilities

Evaluate financial statements, cash flow profiles, leverage, and working capital trends for SMB and mid-market companies
Assign internal risk ratings and recommend appropriate exposure thresholds
Structure commercial terms aligned to customer risk profile and portfolio objectives
Partner with Sales to support timely deal execution while maintaining underwriting discipline
Coordinate with Legal and Finance to ensure commercial terms align with Formic’s risk posture
Monitor portfolio performance and identify early warning indicators
Maintain clear documentation of underwriting decisions and supporting analysis
Contribute to refinement of underwriting tools, frameworks, and internal processes

Benefits

Equity in Formic: Participate in our stock option program and share in the success of a fast-growing start-up backed by leading global investors
Competitive & Uncapped Commission Structure: Designed to reward performance and impact in commission-eligible roles
Comprehensive Healthcare Coverage: Medical, dental, and vision insurance through Blue Cross Blue Shield and Unum, with 99% of employee premiums covered and 75% coverage for dependents, with optional buy-up plans available
Additional Insurance Benefits: FSA and DCFSA, life insurance, short-term disability, and long-term disability through Unum, all 100% employer-paid
Employee Assistance Program (EAP): Fully funded by Formic, offering support when you need it most
Paid Parental Leave Program: Up to 12 weeks of paid parental leave
Company-sponsored 401(k): Invest in your future with our company-facilitated retirement savings plan
Home Office Stipend: A one-time allowance for fully remote and hybrid employees to support an at-home or on-the-road work setup
Monthly Cell Phone Reimbursement: Monthly stipend toward personal phone and internet expenses
Flexible Time Off: Take the time you need, when you need it, supported by our flexible PTO policy