Analyst II, Underwriting

Company Description

Checkout.com is one of the most exciting fintechs in the world. Our mission is to enable businesses and their communities to thrive in the digital economy. We’re the strategic payments partner for some of the best known fast-moving brands globally such as Wise, Hut Group, Sony Electronics, Homebase, Henkel, Klarna and many others. Purpose-built with performance and scalability in mind, our flexible cloud-based payments platform helps global enterprises launch new products and create experiences customers love. And it's not just what we build that makes us different. It's how.

We empower passionate problem-solvers to collaborate, innovate and do their best work. That’s why we’re on the Forbes Cloud 100 list and a Great Place to Work accredited company. And we’re just getting started. We’re building diverse and inclusive teams around the world — because that’s how we create even better experiences for our merchants and our partners. And we need your help. Join us to build the digital economy of tomorrow.

Job Description

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Checkout.com is seeking a talented and motivated Underwriting Analyst II to join our growing London team.  In this role, you will play a crucial part in assessing and underwriting enterprise customer applications, with a particular focus on complex and high-value merchants. You will leverage your analytical expertise to evaluate business models, assess credit exposure, conduct due diligence, and ensure compliance with scheme rules. 

How you’ll make an impact

• Conduct in-depth business model analysis, applying evaluation techniques in line with internal policy guidelines to assess risk and make sound underwriting decisions.
• Accurately determine credit exposure for diverse merchants, adapting your approach based on individual business needs and risk profiles.
• Analyze profit and loss statements, balance sheets, and cash flow statements, demonstrating a strong understanding of accounting principles and financial ratios.
• Evaluate and underwrite applications from merchants operating in high-risk industries such as travel, furniture, ticketing, events, securities, and gambling.
• Develop detailed written and oral summaries that clearly articulate micro and macro risks, mitigating factors, and balanced recommendations for management, the Credit Risk Committee.
• Represent the Underwriting team in customer calls and meetings alongside Sales and Account Management. Build strong relationships with internal teams including Business Development, Financial Partnerships, Risk, Compliance, and Legal.
• Effectively prioritize, own, and resolve escalated issues with a sense of urgency and a customer-centric approach.
• Actively participate in operational improvement initiatives and contribute to departmental projects aimed at enhancing efficiency and effectiveness.

Qualifications

What we’re looking for: 

• 4+ years of experience in merchant underwriting, credit analysis, or a similar role within the payments industry.
• Proven ability to assess business models, identify credit risk exposure, and analyse financial statements.
• Familiarity with underwriting high-risk lines of business, including travel, furniture, ticketing, events, securities, and gambling.
• Excellent written and verbal communication skills with the ability to present complex information clearly and concisely to diverse audiences
• Understanding of Customer Due Diligence (CDD), Know Your Customer (KYC), and Know Your Business (KYB) regulations.
• Demonstrated ability to effectively manage escalations and provide timely solutions to complex problems.
• A collaborative and customer-focused approach, with a strong commitment to building a positive and productive team environment.

Additional Information

Apply without meeting all requirements statement 

If you don't meet all the requirements but think you might still be right for the role, please apply anyway. We're always keen to speak to people who connect with our mission and values.

We believe in equal opportunities

We work as one team. Wherever you come from. However you identify. And whichever payment method you use. 

Our clients come from all over the world — and so do we. Hiring hard-working people and giving them a community to thrive in is critical to our success.

When you join our team, we’ll empower you to unlock your potential so you can do your best work. We’d love to hear how you think you could make a difference here with us. 

We want to set you up for success and make our process as accessible as possible. So let us know in your application, or tell your recruiter directly, if you need anything to make your experience or working environment more comfortable. We’ll be happy to support you.

Take a peek inside life at Checkout.com via

• Our Culture video https://youtu.be/BEwnpHuadSw
• Our careers page https://www.checkout.com/careers
• Our LinkedIn Life pages bit.ly/3OaoN1U  
• Our Instagram https://www.instagram.com/checkout_com/

Apply without meeting all requirements statement 

If you don't meet all the requirements but think you might still be right for the role, please apply anyway. We're always keen to speak to people who connect with our mission and values.

We believe in equal opportunities

We work as one team. Wherever you come from. However you identify. And whichever payment method you use. 

Our clients come from all over the world — and so do we. Hiring hard-working people and giving them a community to thrive in is critical to our success.

When you join our team, we’ll empower you to unlock your potential so you can do your best work. We’d love to hear how you think you could make a difference here with us. 

We want to set you up for success and make our process as accessible as possible. So let us know in your application, or tell your recruiter directly, if you need anything to make your experience or working environment more comfortable. We’ll be happy to support you.

Take a peek inside life at Checkout.com via

• Our Culture video https://youtu.be/BEwnpHuadSw
• Our careers page https://www.checkout.com/careers
• Our LinkedIn Life pages bit.ly/3OaoN1U  
• Our Instagram https://www.instagram.com/checkout_com/