Capital Markets Credit Associate

About Us:
DailyPay, Inc. is transforming the way people get paid. As the industry's leading on-demand pay solution, DailyPay uses an award-winning technology platform to help America's top employers build stronger relationships with their employees. This voluntary employee benefit enables workers everywhere to feel more motivated to work harder and stay longer on the job, while supporting their financial well-being outside of the workplace.
DailyPay is headquartered in New York City, with operations throughout the United States as well as in Belfast. For more information, visit DailyPay's Press Center.
The Role:
DailyPay is seeking a Credit Analyst/Associate who will be responsible for ensuring the credit quality of the assets originated by the business meet the required underwriting standards. These efforts support the business's asset backed financing strategy in furthering DailyPay's growth. The Analyst/Associate will work closely with the Sales team to ensure that appropriate due diligence requests are satisfied, partner on client stakeholder calls to communicate due diligence requirements and credit decisions and use their expertise in credit risk analysis to prepare and present credit reviews. Additionally, the Analyst/Associate will partner with the members of the Capital Markets team to assist in cross functional projects to further DailyPay's Capital Markets efforts.
How You Will Make an Impact:

• Perform initial and periodic credit reviews through credit and financial statement analysis to determine the level of risk according to established guidelines
• Advance and innovate risk management techniques through streamlining internal processes and iterating on firm policies to promote efficiency and automation
• Assist Sales Teams with collecting appropriate due diligence information in the Sales cycle to support credit underwriting efforts
• Perform due diligence on new clients by working with Sales and the client contacts (CFO, controller, etc.)
• Support the Revenue Organization in understanding the credit process and market environment
• Support the Capital Markets Team on various cross functional projects that support DailyPay's funding goals and improve the Company's thought leadership in the on-demand pay and capital markets space
• Maintain databases and analyze all market intelligence
• Prepare various Capital Markets and Credit reporting on a weekly, monthly, and quarterly basis

What You Bring to The Team:

• 2-3 years of commercial credit underwriting experience in a bank, investment fund, credit fund or rating agency
• Strong understanding of accounting concepts, financial statement analysis, and credit risk assessment
• Ability to lead due diligence calls with existing and prospective clients
• Strong attention to detail and organizational skills

What We Offer:

• Exceptional health, vision, and dental care
• Opportunity for equity ownership
• Life and AD&D, short- and long-term disability
• Employee Assistance Program
• Employee Resource Groups
• Fun company outings and events
• Unlimited PTO
• 401K with company match

Pay Transparency. DailyPay takes a market-based approach to compensation, which may vary depending on your location. United States locations are categorized into three tiers based on a cost of labor index for that geographic area. The salary ranges are listed by geographic tier. Additionally, this role may be eligible for variable incentive compensation and stock options. Where a candidate fits within the compensation range for a role is based on their demonstrated experience, qualifications, skills, and internal equity.
New York City
$95,000 - $125,000 USD
DailyPay is committed to fostering an inclusive, equitable culture of belonging, grounded in empathy and respect, which values openness to opinions, awareness of lived experiences, fair treatment and access for all. We strive to build and develop diverse teams to create an organization where innovation thrives, where the full potential of each person is engaged, and their views, beliefs and values are integrated into our ways of working.
We encourage people of all backgrounds to join us on our mission. If you require reasonable accommodation for any aspect of the recruitment process, please send a request to [email protected]. All requests for accommodation will be addressed as confidentially as practicable.
DailyPay is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion or creed, alienage or citizenship status, political affiliation, marital or partnership status, age, national origin, ancestry, physical or mental disability, medical condition, veteran status, gender, gender identity, pregnancy, childbirth (or related medical conditions), sex, sexual orientation, sexual and other reproductive health decisions, genetic disorder, genetic predisposition, carrier status, military status, familial status, or domestic violence victim status and any other basis protected under federal, state, or local laws.