Head of Credit Cobalt Funding Solutions$150,000 Starting Base | Defined Path to $200,000 Base + Performance Bonus Full-Time | In-Office | Toms River, NJ Monday-Thursday, 9am-6pm and Friday, 9am-2pm Build the Credit Function of a Growing Fintech Cobalt Funding Solutions is seeking an accomplished credit executive to lead and evolve our underwriting, credit risk, and portfolio management functions. This is more than a traditional credit leadership role. As Head of Credit, you'll have a seat at the leadership table, helping shape company strategy while building scalable underwriting systems that support continued growth. We're looking for someone who enjoys creating, improving, and leading, not simply maintaining existing processes. If you're energized by solving complex credit problems, mentoring talented teams, and building an organization for its next stage of growth, we'd love to speak with you. About Cobalt Funding Solutions Cobalt Funding Solutions provides revenue-based financing to small businesses across the United States, helping entrepreneurs access working capital through fast, disciplined, and transparent lending solutions. We're a growing fintech built on sound underwriting, operational excellence, and long-term client relationships. Our leadership team values thoughtful decision-making, ownership, and continuous improvement, empowering leaders to make meaningful business impact. The Opportunity As Head of Credit, you'll lead the strategy, execution, and continuous improvement of Cobalt's underwriting and credit operations. You'll oversee portfolio performance, underwriting policy, pricing influence, risk management, and technology enabled decision making while partnering closely with executive leadership to support sustainable company growth. This role is ideal for someone who enjoys balancing disciplined risk management with entrepreneurial thinking and wants to help shape the future of a growing organization. What You'll Do Lead all underwriting, credit, and portfolio risk functions. Develop and mentor high-performing underwriting teams. Refine underwriting policies, approval frameworks, and risk guidelines. Oversee portfolio performance, pricing discipline, and credit quality. Influence underwriting technology, automation, and workflow improvements. Partner with executive leadership on growth initiatives and credit strategy. Improve underwriting speed, consistency, and decision quality through data and process optimization. Collaborate with servicing and collections teams on restructures and loss mitigation. Build scalable credit infrastructure capable of supporting future growth. Monitor industry trends and evolving best practices in alternative finance. What We're Looking For 10+ years of experience in commercial lending, alternative finance, fintech lending, or credit risk. Leadership experience managing underwriting or credit teams. Strong understanding of credit policy, pricing strategy, portfolio management, and risk analysis. Experience analyzing business cash flow and underwriting commercial borrowers. Comfort working with technology, data, and workflow optimization. Excellent leadership, communication, and decision-making skills. Hands-on experience developing, validating, or applying financial risk models, credit scorecards, and data-driven decisioning frameworks. Particularly Successful Candidates May Have Experience In Revenue-Based Financing (RBF) Merchant Cash Advance (MCA) Commercial Banking Fintech Lending Credit Risk Strategy Portfolio Management Alternative Lending Why Join Cobalt? Joining Cobalt means joining a leadership team that values initiative, accountability, and thoughtful decision-making. You'll have the opportunity to: Influence company strategy. Modernize underwriting processes. Build and mentor a growing team. Improve technology-enabled credit operations. Leave a lasting impact on a rapidly growing fintech company. If you're looking for an environment where your ideas can directly shape the future of the business, this role offers exactly that opportunity. Compensation & Benefits Compensation Starting base salary: $150,000 Performance milestone payments after six months and nine months Base salary increases up to $200,000 upon successful completion of the nine-month milestone Performance-based bonus paid quarterly and equal to up to 100% of base salary Benefits Health 401k with company match Unlimited Paid Time Off 20+ Paid Company Holidays Additional employee benefits as the company's benefits program continues to expand Join Us If you're an experienced credit leader with an entrepreneurial streak, who enjoys building organizations, improving systems, and helping a growing fintech scale responsibly, we'd welcome the opportunity to talk with you.

Pay:

$150,000.00 - $200,000.00 per year

Benefits:

401(k) 401(k) matching Health insurance Paid time off

Work Location:

In person