Come help us change residential real estate investing for the better!
Backflip is a venture-backed real estate FinTech company that supports entrepreneurs to acquire and renovate single family homes, thereby reinvigorating the housing supply and their local communities. The company offers purpose-built technology and capital products to source, analyze and finance residential real estate investments. Backflip is an all-in-one platform providing entrepreneurs with the technology, data, and financing strategies that allows them to scale their businesses.
Backflip is seeking a Credit Analyst to join our Capital Markets Team. The candidate will be responsible for loan level credit decisions, portfolio analytics to inform credit policy enhancements, capital product design, and loss mitigation strategy + execution. Success in this role requires the ability to learn quickly while balancing structure and autonomy. This position reports to the VP of Capital Markets.
This is a rare opportunity to get in on the ground floor (~50 person team) working directly with executives in a fast-paced and well-capitalized startup (Series A closed in 2024).
All Backflip positions are remote (U.S.). Like the people we serve, we believe being free to create wherever you’re most inspired is one of life’s greatest joys. It’s better for individuals, for the community, and for fostering great work to emerge. With our work-from-anywhere approach, Backflip brings together a diverse team of individuals, with passions for innovation, art, coding, AI, data, finance, film, real estate, the environment, learning and teaching. Together, we're moving fast.
This candidate will champion Backflip’s Core Values:Raise the standard of what is possibleEmbrace being the novice to become the masterWork only with those who want the best for usCommunicate quickly, naturally and with radical candorTest new things to invent and challenge the status quoToday, nay now!What You’ll Do:Analyze and approve loan applications for value-add residential investment propertiesConduct due diligence on borrowers, properties, and market conditionsBuild financial models to assess loan-and portfolio-level performance forecastsLeverage proprietary internal and external data to enhance Backflip’s Credit PolicyBuild and maintain credit scoring models to streamline high-quality credit decisionsCollaborate with the Sales, Marketing and Capital Markets teams to design innovative capital products to solve borrower pain pointsCollaborate with Underwriting, Processing and Post-Close teams to ensure a best-in-class borrower experienceStay current on industry trends impacting residential investment loans and the FinTech landscapePrepare concise credit memos for consumption by Backflip’s Credit Council, Leadership Team and Board of DirectorsAssist the Post-Close Experience team in managing distressed assets, ensuring effective loss mitigationDevelop and implement action plans to maximize the value of distressed assets, including through loan modifications and dispositionsOversee the negotiation of workout agreements, borrower settlements and disposition transactionsBuild relationships with external parties to facilitate loss mitigation efforts (asset managers, PropTech firms, brokers, legal, etc.)
This role will evolve as the company grows; there will be various tasks that fall outside of the responsibilities above.
Qualifications:Bachelor's degree in business (finance, real estate, business administration, etc.)Experience analyzing FinTech credit deals and portfolios is a plusExperience in real estate finance and asset management (especially distressed assets) is a plusExperience developing innovative capital products is a plusDeep knowledge of the market landscape for either: i) residential investment loans, or; ii) PropTech / FinTech ecosystemUnderstanding of mortgages, loan structuring, underwriting principles, and legal documentationExcellent analytical skills to assess loan risk and develop creative solutions for distressed assetsExcellent negotiation and communication skillsProficiency in financial modeling (Excel or Google Sheets)People That Thrive at Backflip Have…A desire to learn and grow with the company; propensity to “think like an owner"An execution-oriented “one-team” mindset with motivation and scrappiness to achieve objectivesThe ability to multi-task with exceptional time management, prioritization and attention to detailAn entrepreneurial mindset and a passion for technology and innovationA bias for action; inclined to deploy rapid testing and iteration cyclesThe ability to work effectively in a small, relatively unstructured office environmentExcellent verbal and written communication skills with appropriate urgency to various audiencesStrong self-motivation, are coachable and highly collaborative; take ownership of tasks and pride in work productHigh integrity; are dependable, accountable, humble and respectfulBackflip is an equal opportunity employer. We know that building a world-class organization is not possible without an intentional focus on recruiting, empowering, promoting and rewarding the best and brightest people of all backgrounds. Backflip focuses on hiring individuals that align with its Core Values (listed above), and consistently display a high ethical standard, both personally and professionally.
Check out this page to learn more about building a career at Backflip.