Credit Risk Underwriter, Australia

Company Description

Since we opened our doors in 2009, the world of commerce has evolved immensely, and so has Square. After enabling anyone to take payments and never miss a sale, we saw sellers stymied by disparate, outmoded products and tools that wouldn’t work together.

So we expanded into software and started building integrated, omnichannel solutions – to help sellers sell online, manage inventory, offer buy now, pay later functionality through Afterpay, book appointments, engage loyal buyers, and hire and pay staff. Across it all, we’ve embedded financial services tools at the point of sale, so merchants can access a business loan and manage their cash flow in one place. Afterpay furthers our goal to provide omnichannel tools that unlock meaningful value and growth, enabling sellers to capture the next generation shopper, increase order sizes, and compete at a larger scale.

Today, we are a partner to sellers of all sizes – large, enterprise-scale businesses with complex operations, sellers just starting, as well as merchants who began selling with Square and have grown larger over time. As our sellers grow, so do our solutions. There is a massive opportunity in front of us. We’re building a significant, meaningful, and lasting business, and we are helping sellers worldwide do the same.

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 Underwriter to help manage chargeback risk for some of the largest sellers processing on Square. The underwriter will perform regular credit risk reviews by incorporating in-depth financial analysis, as well as research on management, industry, and the macroeconomic environment. With a forward-looking view, the underwriter 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, you will collaborate with our Sales and Account Management, and Policy teams to provide a seamless seller experience ensuring appropriate risk assessment and controls. Lastly, they will take every opportunity to improve our operations and our people by helping us create better solutions to assess risk and support our sellers. You will report to the APAC Credit Risk Lead (based in Sydney).

This role can be located anywhere on the East Coast of Australia, and can work from home or in our Melbourne office.

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
• Manage partnerships with Sales and Account Management teams to ensure underwriting, onboarding, and account management processes are timely, seamless, and well-understood
• Present Credit Risk recommendations to partners, including senior management, and provide context and rationale for recommendations to partners.
• Support principled risk-taking in emerging products and markets by building frameworks for credit analysis
• Contribute to the development of credit policies and help test new risk management tools
• 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
  

Qualifications

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; ability to work with clients to understand their business and gather information
• Data skills and ability to translate findings into interpretable business case
• BA/BS in Accounting, Finance, Economics, or a related field
• [Bonus] SQL experience
  

Additional Information

We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, based solely on the core competencies required of the role at hand, and without regard to any legally protected class.

We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible. Want to learn more about what we’re doing to build a workplace that is fair and square? Check out our I+D page.

Perks

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
• Paid time off
• Learning and Development resources

We’ve noticed a rise in recruiting impersonations across the industry, where individuals are sending fake job offer emails. Contact from any of our recruiters or employees will always come from an email address ending with @block.xyz, @squareup.com, @tidal.com, or @afterpay.com, @clearpay.co.uk.

Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.