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
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
- Based in or willing to relocate to the greater San Francisco area and able to work onsite 3+ days per week from Formic’s Oakland, CA office
Nice to Have
- 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
Work Arrangement
Hybrid
Team
Structure: Formic’s Credit Team supports responsible growth by evaluating customer risk and structuring commercial terms that enable scalable automation deployments. The team partners cross-functionally to assess exposure, protect capital, and maintain disciplined underwriting standards as Formic expands nationwide. By balancing risk management with commercial velocity, the team helps ensure Formic can scale confidently while maintaining strong portfolio performance.
