Vice President of Credit, Gynger
$200-250k
+ Equity
More information about location
4 days a week in office
Flexible payments and embedded financing solutions
Job no longer available
Flexible payments and embedded financing solutions
21-100 employees
Job no longer available
$200-250k
+ Equity
More information about location
4 days a week in office
21-100 employees
Company mission
Combining software with capital to help businesses grow with the technology they love.
Role
Who you are
- To be successful in this role, you need to be adept at both strategic thinking and tactical execution, with a strong data-driven approach to decision-making
- 10+ years of experience in credit risk management, with a significant portion in the B2B fintech and/or lending space
- A Bachelor’s degree in STEM, Economics, or Finance (a Master’s in any of these fields is highly preferred)
- Ideally: Proficiency with BI tools (e.g. Tableau, Looker), underwriting platforms (e.g. Alloy, Experian, Heron etc.), familiarity with commercial credit bureau data, and loan management systems (e.g. LoanPro)
- Work out of our NYC office 4 days/week (Monday through Thursday)
What the job involves
- As our VP of Credit, you will own Gynger’s credit and fraud risk management over the customer lifecycle
- You will lead our efforts to develop, implement, and oversee credit and fraud policies and procedures that balance risk/reward, support ongoing operations, and ensure our portfolio's health and sustainability
- This is an exciting opportunity to be the most senior credit/risk hire at a high growth, category creating startup
- You will have exposure to all aspects of the business and be given the opportunity to lay the credit and risk foundation for the company. You will report directly to the CEO while managing our existing credit/risk team, with the opportunity to scale the team over time
- Play a leadership role within the company and collaborate closely with the Product & Engineering, GTM, and Finance teams to design innovative lending products and implement them
- Manage relationships and reporting to external stakeholders including board, banking partners, investors, and regulatory bodies, effectively communicating credit metrics and setting expectations with relevant internal and external factors
- Create and iterate on the company's credit risk management strategy and policies to ensure alignment with business objectives and requirements
- Lead the credit risk assessment framework, incorporating advanced data analytics and machine learning models to enhance decision-making and risk prediction
- Oversee the entire credit lifecycle to ensure optimal performance by managing the loan portfolio from origination through servicing to collections and recoveries
- Provide leadership and guidance to the credit and operation teams, fostering a culture of continuous improvement and data-driven decision-making
- Stay abreast of industry trends, regulatory changes, and advancements in technology that can impact our credit risk framework and lending products
Our take
Businesses today are reliant on software, and without it, they will struggle to launch, build or scale - but the right infrastructure comes at a price. Gynger is a payments platform for the buyers and sellers of technology, looking to revamp how corporations purchase the tech they need.
Alongside Gynger's ‘buy now, pay later’ product for technology purchases, it also offers embedded financing solutions for both sides of a sale. Finance teams' cash burn is reduced through Gynger's flexible payment terms, whilst also reducing friction for sellers. The platform also enables businesses to pay, finance and manage all of their technology expenses from one place.
Gynger has already facilitated thousands of payments across hundreds of vendors such as AWS, Salesforce and HubSpot. Its approach is certainly interesting and has piqued the interest of investors. Its funding will be used to scale its team and operations and accelerate the roadmap to its vision.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (2 rounds)
Jun 2024
$20m
SERIES A
Dec 2022
$11.7m
SEED
Total funding: $31.7m
Company benefits
- Equity
- Flexible PTO
- Medical
- Dental
- Vision
- Supplemental Life Insurance
- Disability Insurance
- 401(k)
Company HQ
Chelsea, New York, NY
Leadership
Mark Ghermezian
(CEO)Founder and GP at MXV Capital, and Co-founder and CEO at Tildei. Also Co-founder at Braze and Chair of the Board at Apploi.
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