Description:
At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives.
Job Description Summary: The Commercial Underwriter will be responsible for understanding and closely managing the credit (insolvency) risks associated with our largest sellers and they are critical to our management of the portfolio.
The Global Commercial Seller Risk Team is responsible globally for the end-to-end management of seller risk for large sellers. These sellers process > $500,000 in payments per year with PayPal and comprise ~ 60% of our global processing volume. The credit risk arises as PayPal offers a type of guarantee to buyers for undelivered goods and services and if the seller becomes insolvent, PayPal bears the financial liability.
Your way to impact:
You have strong business acumen and strong financial assessment skills with exemplary written and oral communication and collaboration skills. Your ability to prioritize work, show initiative, exercise sound judgment and be resourceful is imperative to success as a Commercial Underwriter.
- Timely assessments of merchant credit risk over the merchant life cycle
- Analyse financial and bank statements to assess credit worthiness and develop a view of merchant financial health and any risk to PayPal’s operations
- Analyse a wide range of data - business models, credit scores, external & internal processing data, bank statements peer comparisons, etc. to develop a view on a seller’s risk profile & PayPal relationship.
- Estimate financial exposures to PayPal and assess the need for and extent of risk mitigation measures
- Where necessary, assess PayPal acceptable use cases, regulatory & credit card compliance, and legal considerations with respect to a seller or industry.
- Develop a holistic view on both individual sellers and across industries, proposing appropriate recommendations to mitigate PayPal’s risk and manage seller experience.
- Communicate professionally and effectively with cross-functional stakeholders on risk insights and recommendations
- Maintain accurate and thorough documentation and audit trails of underwriting assessments, reports, methodologies, etc. in a timely manner.
- Monitor seller performance across portfolio segments, as needed
- Evaluate and share feedback on data, tools, process and assessment methodologies for continuous improvement, aiding to develop & test solutions where suitable.
- Other opportunities & projects relevant to managing the financial risk of PayPal’s sellers
- Stay current on merchant industry trends that impact the Commercial Merchant segment
- Fluency in English
- Strong analytical skills - you must be able to analyse complex data, draw meaningful conclusions and make holistic business recommendations
- Ability to approach problems in a quantitative and qualitative manner
- You are comfortable with complex data and analytics to draw meaningful insights
- You have excellent organisational, communication and interpersonal skills
- Strong collaboration skills and the ability to build rapport with members of other departments
- Strong working knowledge of external systems, PC based internet and software applications (Internet, Microsoft Office - Outlook, Word, Excel).
- Familiarity with the merchant processing industry, particularly risk and operational processes
- You are highly curious and thoughtful - a proactive self-starter with a sense of urgency and bias for action, in a fast-paced environment
- Experience in Credit underwriting, banking and management consulting profiles are preferred
- Experience preparing financial reviews, interpreting financial performance and assessing credit exposure
- Experience in merchant risk review and investigation
- Experience collaborating and building productive relationships across multiple departments