Underwriter - Payments and Financial Analysis

20 hours ago


New York, New York, United States Checkout Full time
Role Overview

We are seeking a highly skilled Underwriter with a background in payments and/or financial analysis to join our New York team. As an Underwriter, you will be part of a team responsible for underwriting enterprise customer applications, focusing on analysis relevant to Business Models, Credit Exposure, Due Diligence, Financial Analysis, and Scheme Rules.

Key Responsibilities
  • Conduct business model analysis in line with internal policy guidelines and apply evaluation techniques to achieve desired results for complex deals.
  • Calculate exposure in line with existing guidance, with the ability to tailor the approach based on merchant specifics.
  • Complete financial analysis of profit and loss, balance sheet, and cash flow statements and demonstrate a competent understanding of accounting principles.
  • Experience in underwriting high-risk lines of business including travel, furniture, ticket and events, securities, gambling etc.
  • Prepare detailed oral and written summaries to assess micro and macro risks, mitigating factors, and make balanced recommendations to present to management, the Credit Risk Committee, and Checkout's partner bank.
  • Represent Underwriting in customer calls and meetings alongside Sales or Account Management.
  • Access and process Pay to Card and Pay to Bank applications.
Requirements
  • 4+ years of work experience in merchant underwriting or similar underwriting roles.
  • Expert business model assessment and identification of credit risk exposure.
  • Strong knowledge of financial statement analysis and analyzing credit exposure.
  • Excellent written and interpersonal communication skills, with a 'Customer First' approach to delivering creative solutions for our merchants and contributing to cross-team collaboration and building a 'One Team' culture.
  • Experience within Customer Due Diligence, KYC, and KYB.
  • Competent escalation management - act with urgency to ensure escalations are prioritized, owned, and resolved effectively.
  • You have a passion for operational improvement initiatives and can contribute to broader department initiatives and projects.
What We Offer

Checkout offers a competitive salary range of $85,000 to $100,000 per year, plus an annual cash bonus. Our total compensation package includes health, vision, dental insurance, 401k, vacation and sick and safe time, learning days, and volunteer days.

We believe in equal opportunities and empower our employees to unlock their potential. If you're passionate about payments and financial analysis, and want to join a dynamic team, please apply. We're always keen to speak to people who connect with our mission and values.


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