Senior Underwriter

Summary

Join Trustly's Risk team as a Senior Underwriter and contribute to the success of the industry leader in open banking payments. Evaluate merchant applications, assess credit and reputational risks, and analyze financial statements. Review corporate structures, licensing, and industry information to form risk overviews. Summarize analysis in credit memos, complete underwriting checklists, and conduct periodic reviews for existing merchants. Assist the Commercial team with customer calls, explaining credit risks and policies. This role requires 5+ years of underwriting experience in payments, commercial lending, or Fintech, a Bachelor's degree in a related field, and strong analytical and decision-making skills. Trustly offers a competitive salary, flexible PTO, comprehensive insurance, retirement plan matching, parental leave, and more.

Requirements

• 5+ years underwriting experience in payment, commercial lending or Fintech
• Bachelor’s Degree in Accounting, Finance, Economics or related discipline required
• Ability to read, analyze and interpret business financial statements
• Familiarity with Know your Customer (KYC), Anti-Money Laundering (AML) and payment processing requirements in North America
• Strong analytical and intuitive investigative skills
• Strong independent decision-making capabilities
• Must be detail-oriented, and able to manage and prioritize multiple tasks
• Ability to solve practical problems and interpret a variety of data furnished in oral, written, or schedule form

Responsibilities

• Evaluate merchant applications and supporting documentation to assess Merchants' credit and reputational risk
• Review financial statements and/or business tax returns and perform analysis to recommend merchants’ risk ratings
• Analyze complex corporate structures, beneficial ownership, and licensing requirements, coordinating with the Compliance and Legal teams as needed
• Review industry information and comparisons, key risks, and mitigants to form a general risk overview of merchants
• Summarize analysis in a concise credit memo and complete all required underwriting checklists
• Underwrite according to applicable regulations, procedures, and guidelines
• Conduct periodic reviews for existing merchants to facilitate ongoing risk monitoring and management
• Maintain productivity standard goals as established by management
• Assist the Commercial team with customer calls for larger merchants requiring explanation of specific credit risks, internal credit policies, and/or underwriting decisions
• Other duties as assigned

Preferred Qualifications

Prior payment and Fintech experience a plus

Benefits

• Flexible paid time off & generous PTO accrual plans
• Comprehensive medical, dental, vision, and other insurances
• FSA & HSA plans for medical and dependent care
• Home office set-up allowance
• Internet stipend
• Retirement plan match for 401k and RRSP
• Gender-neutral paid parental leave, and more!