Senior Commercial Credit Underwriter - Enterprise Sales

Company Description

Join a movement in which everyone can win. We started a movement in which everyone can win – shoppers, retailers, society and every person on our team. To play fair, trust people and reward them for doing the right thing. We see and feel the impact of our work as more and more people gain financial freedom and retailers grow across the globe.

Founded seven years ago in Sydney, Australia, Afterpay has millions of active customers globally and is offered at the world’s best retailers around the world including  Anthropologie, Revolve, DSW, GOAT, Finish Line, Levi’s, Mac Cosmetics, Ray-Ban and many others. Afterpay is on a mission to power an economy in which everyone wins.

Afterpay is completely free for customers who pay on time – helping people spend responsibly without incurring interest, fees or extended debt. Afterpay empowers customers to access the things they want and need, while still allowing them to maintain financial wellness and control, by splitting payments in four, for both online and in-store purchases. Afterpay is deeply committed to delivering positive outcomes for customers. We are focused on supporting our community of shoppers.

We trust in the next generation and share a vision of a more accessible and sustainable world in which people are rewarded for doing the right thing.

Job Description

The Senior Underwriter will have a dual role of underwriting and managing chargeback risk in our highest-profile sellers on Square and Afterpay, as well as executing on strategic initiatives to improve the onboarding, underwriting, and management of sales-onboarded merchant processing accounts. 

You will utilize strong processing risk knowledge and interpersonal skills to lead risk conversations with all levels of stakeholders and enterprise sellers. The candidate will possess strong technical skills to analyze financial statements, prepare credit memorandums to accurately assess a seller’s processing risk, and propose diverse risk management solutions to enable growth responsibly. You will collaborate with partner teams to recommend and negotiate key processing terms, as well as present Risk recommendations to senior management for approval. 

You will partner with the Sales and Account Management teams to help consistently manage risk while providing the best possible seller experience by leveraging your strong credit fundamentals with a passion for problem solving and interpersonal skills. 

Lastly, you will take every opportunity to improve our people and our operations by helping us create better solutions to assess risk and support our sellers.

Job Responsibilities

• Conduct in-depth financial statement analysis and reviews for our most strategic and high-risk sellers, including preparing credit memorandums for approval by senior management.
• Lead risk conversations with prospective and existing sellers to ensure that key risks are fully understood and mitigated. Manage difficult conversations with seller management teams. 
• Present Credit Risk recommendations to cross-functional partners, including senior management. Provide context and rationale for recommendations to internal and external stakeholders. 
• Develop partnerships with Sales and Account Management teams to ensure underwriting, onboarding, and account management processes are timely, seamless, and well-understood. 
• Identify and execute on high-level initiatives aimed at improving our onboarding and risk management processes at scale.
• Contribute to the continued development of credit policies and lead the testing of new risk management tools.

Qualifications

Requirements

• 5+ years of experience in commercial banking, credit, or payment industries
• Exceptional underwriting and financial statement analysis skills 
• Comfort with diverse risk management tools and techniques
• Excellent professional communications skills - able to easily communicate credit principles, build partnerships, and influence others
• Strong critical thinking skills - ability to solve problems logically with imperfect information
• Comfortable with ambiguity and able to self-manage to ensure highest-priority work is completed
• Ability to prioritize based on qualitative and quantitative impact, and drive strategic initiatives from scoping to implementation with little to no oversight
• Experience with negotiating legal documentation
• BA/BS in a related field; MBA/Masters a plus

Additional Information

Block takes a market-based approach to pay, and pay may vary depending on your location. U.S. locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate’s starting pay will