Patrol officer Jobs in Chicago il

Job Description

Job Description

Who We Are :

At Formic, we're on a mission to revolutionize American manufacturing and create more abundance in the world. We believe in continuing the American legacy of innovation by making automation accessible to all manufacturers and increasing their factory productivity by 10x.

Built upon deep expertise in robotics and manufacturing, our unique Pay-for-Productivity robotics solutions combine the best automation technology, tools, and uptime services for manufacturers, paving the way for a new era of supercharged efficiency and competitiveness.

As the world faces growing pressure from rising costs and labor shortages, Formic is a uniquely powerful tool in overcoming these challenges. Fueled by our vision for a resurged "Made in America," we're growing fast - achieving 70% quarterly growth in customer count and ARR, with ~30% of our customers having already deployed multiple systems.

Supporting us in our mission, with investments thus far totaling over $60 million, are backers including Blackhorn Ventures, Mitsubishi HC Capital America, NEC, Lorimer Ventures, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and founders of multiple Fortune 50 companies.

About the Credit team : The Credit Team is a key part of providing the "as-a-service" part of RaaS; they are responsible for administration of credit and portfolio management of our customers.

As our Credit Officer, you will :

• Evaluate credit applications from small- to medium-sized businesses to assess creditworthiness, completeness, and compliance
• Contribute to evolving Formic's credit risk management processes and support both process improvement and capital markets initiatives
• Work closely with various functions across the company to support the sales process while addressing risk and ensuring compliance with established policies
• Facilitate an ease of doing business and have strong connectivity to executive leadership and sales
• Support the sales and customer success teams internally and externally as the subject matter expert on the credit policy and credit underwriting processes
• Conduct underwriting calls with customers, as necessary
• Foster a sense of urgency to get things done
• Strive for quality as well as timeliness, maintaining perspective as to the outcome of the decisions
• Prepare credit memoranda that include financial analysis, repayment ability calculation, management structure, and guarantor reviews
• Develop new credit underwriting strategies by evaluating underwriting performance, incorporating new data sources, and employing emerging technology
• Identify technology and process improvements for streamlining and automating credit application / review process, leading to an enhanced customer experience
• Support debt capital markets efforts by providing support for due diligence, structuring, and lender / investor communication

What makes you a great fit :

Total Rewards :

Total rewards packages at Formic consist of salaries benchmarked against similar stage growth companies, insurance (medical, dental, vision, life, STD, LTD), and equity in Formic itself. As an early stage startup, equity is an important part of our investment in you, and your investment in Formic. When Formic succeeds, we all succeed.

Final offer amounts are custom-crafted, based on the cash / equity ratio preference of the candidate, as well as their experience, geographical location and cost of labor, and more, and may vary from the range listed below. Ultimately we're seeking top performers who will make a difference to our business, and we're open to negotiating the compensation structure for the right candidate. The expected base pay range for this position is below.

Base Salary Range : 110,000—$160,000 USD

What we look for :

We're building a company from the ground up, so every single person we hire has a massive impact on our team, culture, and ability to accomplish our mission. While each individual brings their own unique skills and perspectives to Formic, we look for people who share our vision and act in alignment with our Operating Principles. If this sounds like you, Formic could be the place for you :

What We Offer :

Formic believes we do our best work when we are equipped to take care of ourselves and our loved ones. To support this Formic offers comprehensive benefits and perks for full-time US-based employees, including :

As our team grows, our benefit and perk offerings for employees based outside of the United States will vary. We are happy to discuss these options with you as part of our recruiting and interviewing process. Temporary or contract positions are not eligible for Formic employee benefits and perks, except where legally required.

Formic is an equal opportunity employer. We do not discriminate on the basis of race, color, religion or religious creed, sexual orientation, gender, gender identity, marital status, family or parental status, disability, military or veteran status, or any other basis protected by law. All employment decisions are based on a person's merit, business needs, and role requirements. If you require further accommodations or have questions regarding accessibility of our roles, please reach out to [email protected].