Vice President of Lending

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B Generous is a fast growing VC-backed FinTech company that is the nation's leading credit marketplace for nonprofits. Nonprofits make up the backbone of the US social safety net, providing millions of people with food, water, shelter, clothing, education etc, and there are 1.8 million nonprofits in the United States employing 10% of the US workforce, and comprising 15% of US GDP. If the US nonprofit sector were its own economy it would be the 5th largest economy in the world with more than $5 Trillion worth of assets. Despite this size, more than 95% of nonprofits cannot access traditional credit from banks. B Generous is changing this narrative through the creation of the first ever Philanthropic Lending product that provides structured term loans and lines of credit to nonprofits, secured against future revenue and income. After launching this product in October 2023, B Generous has received over $475 Million in requests for loans from over 6,500 nonprofits. 

Backed by the leading venture capital funds and FinTech investors in the US, B Generous is poised to become the world's largest credit lending and liquidity management platform for nonprofits in the coming years.

We are seeking an experienced and dynamic VP of Lending and Technology to lead our technical credit and lending operations. The ideal candidate will have extensive experience in SMB lending, with a proven track record of developing and managing successful credit strategies and managing technical underwriting systems and platforms. This role will be instrumental in shaping our credit policies, managing credit risk, and creating a robust credit box and lending platform that supports our business objectives.

The VP of Lending and Technology will report to the Chief Executive Officer and Chief Financial Officer.  They will serve as a member of the Senior Leadership Team at B Generous and will become a critical part of the continued growth of B Generous’ lending portfolio. As a member of the Leadership Team, occasional travel may be expected to attend various vision setting and strategy sessions with other company executive team-members. 

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Duties & Responsibilities

• Policy Development: Create and update credit policies, underwriting standards, and portfolio management guidelines tailored to our nonprofit loan portfolio, and present regular updates of credit policies to the Executive Team for approval.
• Business Development: Nurture and build relationships with key lending partners, such as balance sheet lending banks, flow forward banks, private credit funds, investment funds, warehousing lending funds etc.
• Process Improvement: Assess and enhance internal lending and portfolio management processes and systems in collaboration with the CFO.
• Product Development: Collaborate with cross-functional product and tech teams to develop and enhance credit and lending products that address the evolving needs of nonprofit borrowers. Specifically, help enhance and manage our credit underwriting platform, preferably using Machine Learning and AI, and implement decisioning engines, Open Banking protocol systems, third party API integrations with KYC/KYB firms and so forth.
• Systems Evaluation: Evaluate software platforms, new vendors and data sources, used for pipeline management, client relationships, financial analysis, loan management, decisioning engines, and loan servicing and ledger systems. 
• Loan Structuring: Oversee the structuring of loans to meet the needs of nonprofit clients while managing risk effectively.
• Underwriting and Approval: Ensure adherence to credit policies and guidelines during the underwriting and approval process.
• Loan Closing: Ensure a smooth and efficient loan closing process in collaboration with our balance sheet lending bank partners.
• Risk Management: Monitor and manage credit and portfolio risks, implementing strategies to mitigate potential issues.
• Portfolio Review: Conduct regular reviews of the loan portfolio to identify and address emerging risks. 
• Growth: Use your experience and institutional knowledge from your career over the last 10 years + to help guide B Generous to its next growth inflection point. Collaborate closely with the CEO and CFO to grow B Generous and scale the company. 

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Qualifications

• Education: Bachelor's degree in Finance, Business Administration, Accounting, Economics, Computer Science, Mathematics, or a related field; MBA or equivalent advanced degree strongly preferred.
• Experience: A minimum of 10 years in credit and lending, including at least 5 years focused on SMB lending and/or Nonprofit lending at a CDFI, Bank, Fintech, Lending Marketplace or similar financial institution. At least 3 years as a Senior Lending Officer/Underwriter or equivalent. Ideal candidate will have worked in a leadership position at a FinTech lending marketplace or platform, and will have extensive experience working with balance sheet lending banks. 
• Credit and Lending Expertise: Proven track record of developing and managing and building successful credit strategies, credit boxes, and overseeing a credit risk function. Strong understanding of credit risk management principles and practices for commercial lending 
• Technology Skills: Strong technology skills required, including experience in building and managing credit underwriting platforms preferably using Machine Learning and AI, as well as technical knowledge of how to implement decisioning engines (e.g. Provenir), Open Banking protocol systems (e.g. Flinks), third party API integrations with KYC/KYB firms (e.g. Socure), credit rating agencies (CreditSafe, Transunion, FICO), ledger and loan servicing platforms (e.g. Peach) etc. 
• Analytical Skills: Exceptional analytical and problem-solving abilities, with a keen attention to detail. Proficient in analyzing business financial statements, cash flow projections, project development budgets, construction budgets, and project operating pro formas.
• Regulatory Knowledge: In-depth knowledge of regulatory requirements and industry standards related to credit and lending.

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Compensation & Benefits 

In addition to our competitive compensation model, we also offer additional benefits, including, but not limited to:

• Equity ownership in the company 
• Fully Remote work (e.g. work from home)
• Flexible working hours based on location 
• Unlimited PTO - Paid Time Off - package (some rules apply)
• Health + Dental + Vision Insurance
• Dog-friendly company
• Discretionary annual Bonus
• Company philanthropic match credit up to $1,000 to your favorite nonprofit organization
• Fun team-building exercises and events and a positive atmosphere and culture
• Opportunities for advancement, growth, and leadership

B Generous. is an Equal Opportunity Employer: we value diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

B Generous is only able to hire U.S. citizens or those with the right to work in the United States at this time. We are unable to offer visa sponsorship or take on a visa transfer.

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