Please note that this site has updated features that do not run on older versions of Internet Explorer. For an optimal experience, please use another browser or the most recent version of IE.

Underwriter in Chicago at PayPal

Date Posted: 9/11/2020

Job Snapshot

  • Employee Type:
  • Location:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 305 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

We're looking for someone to join our team responsible for underwriting/managing large global e-commerce merchants across many business models. Our portfolio spans North American, Europe, Asia and Australia with a global interconnectedness of supply and demand, with a diverse set of credit and financial challenges. Our business models span new venture related startup companies as well as mature businesses, again with a diverse set of credit and financial challenges. In addition to monitoring the ongoing credit risk of such merchants, we are also providing leading edge assessments and analysis on industry trends nationally and internationally.

  • Assess business model risk and determine credit exposure risk on new or existing merchants to determine appropriate course of action
  • Prepare concise oral and written summary recommendations regarding findings, issues and mitigants to risks
  • Analyze financial, bank, and processing statements to assess credit worthiness
  • Prepare persuasive summaries to assess micro and macro risk. For large deals, present to a Global Credit Risk Committee.
  • Assist Account Management and Sales with customer calls requiring explanation of specific credit risks, internal credit policies and decisions related to those assessments/policies
  • 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 Special Credits team when dealing with companies whose credit profile is deteriorating to balance best outcome for customer relationship/loss avoidance
  • Requirements:

  • 2+ 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
  • A candidate secure enough to be schooled in foosball and ping pong on a regular basis

We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.

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



  1. Underwriter Jobs
  2. Credit Analyst Jobs