Credit Risk Underwriter

  • Full-time

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

We are looking for a Credit Risk Underwriter to help manage chargeback risk for some of the largest sellers processing on Square and Clearpay. Reporting into the Head of UK/EU Merchant Risk, you will work with our Sales team 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, you will help partners navigate the risk experience and take every opportunity to improve our operations and our people.

You Will:

  • Conduct in-depth credit reviews of our most high-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 understood and mitigated

  • Work with partners in Sales, Account Management, and Finance & Strategy

  • Present to Credit Committees and partners; represent the 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

  • Identify ways to improve our underwriting and operations; and collaborate to build strategic programmes

  • Share insights and expertise with team; promote accountability for team-level and individual results


You Have:

  • 2-3 years of experience in UK/EU commercial banking, credit, or payment industries

  • BA/BS in Accounting, Finance, Economics, or other related field (or equivalent working experience)

  • Advanced commercial credit underwriting skills, including complex financial statement analysis

  • Familiarity with diverse risk management tools and techniques

  • Strong communication skills; able to work with clients to understand their business and gather information

  • Data skills and ability to translate findings into interpretable business case

  • Intermediate Excel (can perform complex functions) or Google Sheets required; SQL a plus

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.

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.

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