Credit Risk Underwriter

  • Melbourne, Australia
  • Full-time

Company Description

Our mission is simple: we want to help people everywhere start, run and grow a business. We’re a fast-moving global fintech company building the tools entrepreneurs need to simplify and streamline their business. Square’s powerful ecosystem of tools includes everything from accepting card payments and invoicing to e-commerce, data reporting, loyalty programs and managing inventory, locations or customers. 

Now supporting millions of businesses worldwide, Square is recognised as a leader in innovation, rated in the top 10 of Fast Company’s 2019 World’s Most Innovative Companies list. As we continue to expand globally, we are looking to drive that innovation further by scaling our smart, dedicated and passionate workforce in new markets. Square was founded in 2009 by Jack Dorsey and Jim McKelvey and is headquartered in San Francisco, with offices now operating across the United States, Canada, Japan, the UK, Ireland and Australia.

Job Description

The global Square Risk team works to protect Square, Square sellers, and enable safe growth across our ecosystem. We are looking for a credit risk professional to join Square’s Australia Risk team to assess credit risk for prospective and existing sellers processing payments using Square and take appropriate action following operational and risk policies. As the primary credit representative for Square in Australia, you will enjoy managing an independent workload and working with internal partners including Sales and Compliance. You will frequently work with USA-based Global Credit Risk team members on US cases. You will also work with Australia Risk team members on broader team policy projects.  

You will understand credit and financial analysis, and have a desire to apply those skills in innovative ways to help Square grow annual processing volume while controlling loss related to charge backs. You will have a seller-first mentality, ensuring we live up to our purpose of Economic Empowerment, even if it isn’t always the easiest course of action. You will look for process improvements and test new approaches to how we manage risk. This role can be based anywhere in Australia.

You will:

  • Perform review of high-risk onboarding and existing sellers and transactions.

  • Analyse processing history, business model, financial/bank statements and other information to make informed credit decisions.

  • Lead due diligence calls with prospective and existing sellers to ensure that the risks posed by their business are understood.

  • Prepare short- and long-form credit write-ups that detail key risks, mitigating factors, and recommendations.

  • Be the credit risk liaison to other internal Square teams including Legal, Sales and Customer Success. 

  • Voice specific credit policies and decisions to Square teams and sellers. 

  • Identify process improvements and contribute to key Credit Risk and wider Risk team initiatives.

Qualifications

  • Some experience in commercial banking, consulting, FinTech, or financial services.

  • Experience with commercial credit and financial statement analysis.

  • The desire to create, improve, and question.

  • A team-oriented approach with a focus on accountability.

  • Undergraduate degree in Finance, Mathematics, or Accounting preferred.

  • Optional

    • US credit risk work experience.

    • Understanding of the online payments landscape across all participants: issuer, merchant, acquirer and network.

Additional Information

At Square, our purpose is to empower – within and outside of our walls. In order to build the best tools for the businesses and customers we support all over the world, we have to start at home with a workforce as diverse and empowered as our sellers. To this end, we take great care to evaluate all employees and job applicants equally, based on merit, competence, and qualifications. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or any other characteristic protected by law. We encourage candidates from all backgrounds to apply. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us by sending an email to assistance(at)squareup.com. We will treat your request as confidentially as possible. In your email, please include your name and preferred method of contact, and we will respond as soon as possible.

Perks

At Square, we want you to be well and thrive. Our global benefits package includes:
  • Healthcare coverage
  • Retirement Plans
  • Employee Stock Purchase Program
  • Wellness perks
  • Paid parental leave
  • Flexible time off
  • Learning and Development resources

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