Underwriter, Finance & Banking

Underwriter Position Responsibilities & Duties

• Review accounts submitted in accordance with regulatory merchant standard policies and sponsor bank's policy
• Periodically review existing merchants to ensure compliance with underwriting guidelines and risk standards
• Present risk mitigation techniques to minimize financial loss exposure to the bank when creating and/or approving proposed risk structures for a merchant account
• Work with underwriters at sponsor banks and risk managers to manage the risk structure imposed on accounts
• Independently make credit risk decisions for approval, credit holds or declines of merchant applications
• Communicate underwriting approval and declines decisions effectively in both verbal and written communication
• Analyze credit and financial statements
• Credit authority of $100,000
• Perform quality controls on submitted merchant applications
• Track and manage workflow of all pending accounts weekly
• Perform other duties and projects as assigned
• Provide operational assistance as needed when a merchant needs to be added to the watchlist, limits change and account closure
• Provide various reporting to management
• Other duties as assigned

• Excellent analytical skills, strong attention to detail
• Ability to function in a fast-paced, changing environment with multiple priorities
• Detail oriented and must have the ability to prioritize all tasks appropriately
• Sense of ownership and pride in your performance and its impact on company's success
• Team player
• Highly proficient verbal and written communication skills
• Strong technical aptitude and willingness to learn
• Strong interpersonal skills for interacting effectively with key internal and external contacts
• Judgment and resourcefulness to solve problems independently

• +6 months of relevant experience
• Experience underwriting merchant services accounts preferred
• Advanced computer skills and proficient in Microsoft Office
• Possess knowledge of the acquiring credit card business with respect to industry trends, business risk factors, merchant signing requirements and other operational procedures associated with booking merchants

• Bachelor's degree preferred