Risk Associate, Coast
$65-75k
+ Equity grant
3-4 days a week in office
Payments platform & fuel card for fleets
Be an early applicant
Payments platform & fuel card for fleets
21-100 employees
Be an early applicant
$65-75k
+ Equity grant
3-4 days a week in office
21-100 employees
Company mission
Coast's mission is to make fleet management easy.
Role
Who you are
- BA/BS from an university with 1 year of experience working in risk or underwriting operations, preferably in a financial institution or fintech company
- Collaborative and humble mindset, with a track record of working effectively across teams
- Strong attention to detail and a commitment to accuracy
- Ability to work independently in a fast-paced, dynamic environment
Desirable
- Experience in high-growth startups
- Experience within corporate/small business cards, payments, lending, or related industries
- Strong SQL skills and ability to analyze data to create actionable insights
- Knowledge and understanding of KYC and KYB principles
What the job involves
- As an early member of Coast’s Risk team, you will help drive operational initiatives related to underwriting, customer risk management, and fraud. This role requires an understanding of underwriting processes and the ability to analyze risk vectors such as credit and fraud risks. You’ll partner closely with our sales, customer operations, product, and engineering teams to partner and execute on risk strategies, and the ability to take ownership of credit risk outcomes and lead strategic initiatives
- Help support and apply Coast’s risk underwriting policy used to onboard new business
- Investigate fraud events, conduct root cause analyses, and implement data-driven fraud defenses
- Execute Coast’s risk credit policies on key customer management interactions, including credit limit increase/decrease requests and credit risk reviews
- Continuously evaluate and improve Coast’s risk policies and decision systems by researching emerging trends in underwriting and fraud
- Partner with operations, product, engineering and sales teams to promote credit and fraud initiatives
Our take
In recent years, companies like Ramp, Brex, Divvy, and others have emerged to provide easier ways for companies to allow their employees to pay for job-related expenses through corporate cards. However, none of these services really work for businesses operating automobile fleets - approximately 10% of B2B card spend in the US.
That’s where Coast comes in, offering a modern card issuing expense solution specifically built for fleets. The Coast card meets the demands of fleets-specific controls, security, and visibility, contributing to preventing fraud and unauthorized use. Its platform allows fleet managers to visualize spend, block or flag transactions for review, and set their own rules for card holders.
With back-to-back funding rounds awarded in 2024, Coast has been focused on expanding its team and the platform’s capabilities, offering a wider range of financial products - including parking, maintenance, and other on-the-road expenses on top of just fuel. Its Visa Fleet card program, which enables Coast Visa Fleet cardholders to make payments wherever Visa is accepted, makes it an attractive option in the market as fleet management continues to modernize.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 4 rounds)
Jul 2024
$40m
SERIES B
Mar 2024
$25m
EARLY VC
Total funding: $98.5m
Company benefits
- Medical, dental, and vision coverage
- Meaningful stock options
- Flexible vacation policy
Company HQ
SoHo, New York, NY
Leadership
Daniel Simon
(CEO)Previously co-founded consumer finance startup Bread, which sold to Alliance Data Systems for over $500 million in 2020.
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