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Job Opening details:-
Company Name :- PayPal
Position Name :-
Company Location :- Bengaluru, Karnataka
Job Category : General jobs
Full Job 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: We’re looking for an Underwriting Manager to join us who will be responsible for a team of underwriters managing large global e-commerce merchants across many business models. Your responsibilities spans covering applications of new customers and portfolio management of our largest and strongest customers. Your territory will include all regions where PayPal processes payments, with a global interconnectedness of supply and demand, with a diverse set of credit and financial challenges. The business models span new venture related startup companies as well as mature businesses, with a diverse set of credit and financial challenges. In addition to underwriting new merchants and monitoring the ongoing credit risk of such merchants, we are also providing leading edge assessments and analysis on industry trends internationally.
As an Underwriting Manager, your responsibilities will include:
Manage a team of 10 individuals
Own a portfolio of mainly large merchants, generally investment grade rated, across many different industries and business models.
Ensure that the team operates at an efficiency level such that all merchants are reviewed at least once a year, with troubled merchants (to be defined) escalated to the Portfolio Management Team or Special Credits Team.
Exposure approval authority to assess merchants and become part of the approval process. As part of the approval process, the Underwriting Manager will conduct first level review and ensure each merchant has a next review date established, ensure exposure is calculated appropriately, agree with the industry designation (quality of data control), and ensure our quality standards are maintained.
Assess business model risk and determine credit exposure risk on new or existing merchants
Prepare concise oral and written summary recommendations regarding findings, issues and mitigants as needed
Familiarity with our Score Card as well as Probability of Default Model to auto score merchants.
Asses credit issues by reading financial statements, associated footnotes, understanding macro economic trends/issues and industry related matters.
Strong fundamental understanding of payment processing, associated schemes understanding, and work closing with compliance and fraud experts at PayPal as needed.
Develop relationships with the Global Monitoring Team to allow for communication access for merchants who show abnormal processing that may need investigation.
Build relationships with the NEU team (New Enterprise Underwriting). Responsibilities include working together with NEU team on large, very strong merchants for new approval.
Cultivate relationships with the Customer Success Managers/Account Executives to allow for access to information in managing large merchants.
Coaching, mentoring and training team members for career growth.
Maintain reporting standards to assess productivity of the team, including coaching for team members who fall behind quotas needed.
Work with our Strategy Team to work in queueing for merchant reviews timely, with differing priorities and completion schedules.
Host regular meetings with your team to mentor, advise on complex situations, answer questions, etc.
Present to a Global Credit Risk Committee in support of your team as needed.
Monitor and investigate merchants’ credit card processing activities using internal and external Risk monitoring tools
Stay current on merchant industry trends specific to the industries we support
Interact with members of the Portfolio Management and Special Credits team when dealing with companies whose credit profile is deteriorating to balance best outcome for customer relationship/loss avoidance
Work with auto scoring system to risk rate merchants appropriately. Work with Global Regional Leaders as we expand our risk rating scoring and adding a Probability of Default element to the score
5+ years of merchant service work experience related to merchant underwriting and/or commercial lending
Solid financial statement analysis
Experience with concise written and oral presentations
A highly-curious individual who wants to get to the source of anything even the least bit fishy
A highly analytical team player who loves to evaluate degrees of financial and credit risk
A top-notch inspector and investigator
Ability to exercise sound judgment and be resourceful in all things
An acute sense of right and wrong with the calculations to back it up
At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com
Who We Are:
Click Here to learn more about our culture and community.
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.
PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at firstname.lastname@example.org.
As part of PayPal’s commitment to employees’ health and safety, we have established in-office Covid-19 protocols and requirements, based on expert guidance. Depending on location, this might include a Covid-19 vaccination requirement for any employee whose role requires them to work onsite. Employees may request reasonable accommodation based on a medical condition or religious belief that prevents them from being vaccinated.
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