Commercial Credit Risk Underwriter - Afterpay

Company Description

It all started with an idea at Block in 2013. Initially built to take the pain out of peer-to-peer payments, Cash App has gone from a simple product with a single purpose to a dynamic ecosystem, developing unique financial products, including Afterpay/Clearpay, to provide a better way to send, spend, invest, borrow and save to our 47 million monthly active customers. We want to redefine the world’s relationship with money to make it more relatable, instantly available, and universally accessible.

Today, Cash App has thousands of employees working globally across office and remote locations, with a culture geared toward innovation, collaboration and impact. We’ve been a distributed team since day one, and many of our roles can be done remotely from the countries where Cash App operates. No matter the location, we tailor our experience to ensure our employees are creative, productive, and happy.

Check out our locations, benefits, and more at cash.app/careers.

Job Description

We are looking for a Commercial Credit Risk Underwriter to help manage financial risks for some of the largest sellers processing on Afterpay and Cash App. You will work with our Sales teams throughout the onboarding process to provide a seamless seller experience ensuring appropriate risk assessment and controls. 

You will have commercial credit underwriting skills, and take joy in scouring financial statements to understand a company’s business model, key risks, and mitigating factors. Additionally, they help partners navigate the risk experience. Lastly, they will take every opportunity to improve our operations and our people.

Qualifications

You Will

• Conduct in-depth credit reviews of our highest-risk sellers, including preparing credit memorandums for approval by senior management
• Lead due diligence calls with prospective and existing sellers to ensure that key risks are fully understood and mitigated
• Work closely with partners in Sales, Account Management, Legal and Finance & Strategy
• Present to Credit Committees and partners; effectively represent Credit Risk team and perspectives
• Support principled risk-taking in emerging products and markets by building frameworks for credit analysis 
• Contribute to the development of credit policies and add structure
• Proactively identify ways to improve our underwriting and operations; and collaborate to build strategic programs 
• Share insights and expertise with the team; promote accountability for team-level and individual results

You Have

• 4+ years of experience in commercial banking, commercial credit, or payment industries
• Advanced commercial credit underwriting skills, including complex financial statement analysis
• Familiarity with diverse risk management tools and techniques
• Strong professional communication skills internally and externally; able to work with clients to understand their business and gather information
• Data skills and ability to translate findings into interpretable business case
• Experience with negotiating legal documentation a plus
• SQL a plus

Additional Information

To find a location’s zone designation, please refer to this resource. If a location of interest is not listed, please speak with a recruiter for additional information. 

Full-time employee benefits include the following:

• Healthcare coverage (Medical, Vision and Dental insurance)
• Health Savings Account and Flexible Spending Account
• Retirement Plans including company match 
• Employee Stock Purchase Program
• Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance 
• Paid parental and caregiving leave
• Paid time off (including 12 paid holidays)
• Paid sick leave (1 hour per 26 hours worked (max 80 hours per calendar year to the extent legally permissible) for non-exempt employees and covered by our Flexible Time Off policy for exempt employees) 
• Learning and Development resources
• Paid Life insurance, AD&D, and disability benefits 

These benefits are further detailed in Block's policies. This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.

We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive