Underwriter, Team Lead

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Full Time Professional Hicksville, NY, US

Reports to:

Manager, Underwriting

Department:
Business Resource Group

Location:

Remote

Grade: 18

Priority Commerce is a leading financial technology company on a mission to deliver a personalized, easy-to-adopt financial toolset that accelerates cash flow and optimizes working capital for businesses. Our vision is to eliminate the barriers to unlocking revenue - empowering businesses to grow faster and operate smarter.

We achieve this through the Priority Commerce Engine, an innovative platform that combines payables, acquiring, and banking and treasury solutions. This unified approach allows businesses to streamline financial operations, reduce unnecessary costs, and uncover new revenue opportunities.

At Priority Commerce, we're driven by results. We expect our people to be known for results - bringing expertise, momentum, and relentless focus to every challenge, helping our clients and each other thrive.

As an Underwriting Team Lead, you will serve as a senior individual contributor and subject-matter expert responsible for evaluating large, complex, and higher-risk merchant accounts while providing guidance and support to the broader underwriting team. You will exercise independent judgment in assessing complex or non-standard risk scenarios, interpreting underwriting requirements, determining appropriate risk strategies, and making sound decisions within delegated authority.

You will perform comprehensive financial, credit, and risk analysis across a variety of products and processing relationships, including merchants, payment facilitators, and marketplaces. You will evaluate risk exposure, structure appropriate approvals, and develop risk mitigation strategies, including reserves, ACH delays, and other approval conditions, while balancing business objectives with prudent risk management.

A key focus of the role will be developing the capabilities of the underwriting team by training new hires, supporting underwriters as they expand into additional products and higher-risk merchants, and serving as a resource for questions involving policies, procedures, Card Brand requirements, and risk decisions. You will work closely with underwriters to help them analyze challenging situations, identify potential risks, and develop sound independent judgment.

As a trusted subject-matter expert, you will serve as a key escalation point for underwriting questions and complex risk matters and will partner with management, Sales, Operations, Risk, and Compliance to resolve issues and promote consistent application of underwriting standards.

Underwrite and manage large, complex, and higher-risk merchant accounts, exercising independent judgment to evaluate financial, credit, processing, fraud, and operational risk and make sound risk-based decisions within delegated authority.

Serve as a key escalation point and resource for underwriters by providing guidance on underwriting policies, procedures, Card Brand requirements, compliance matters, and complex or non-standard risk situations.

Train and develop underwriters by onboarding new team members, supporting ongoing product and policy education, and helping underwriters expand their capabilities to evaluate higher-risk and more complex merchants.

Determine and negotiate appropriate approval structures and risk mitigants, including reserves, ACH delays, and other controls, based on the specific risk exposure and organizational risk appetite.

Serve as a subject-matter expert in credit underwriting, financial statement analysis, fraud detection, payments, and merchant risk, providing expert guidance to management and cross-functional partners on significant risk matters.

Identify emerging risks, compliance concerns, and opportunities to improve underwriting practices, and contribute to the development and consistent application of policies, procedures, and risk-management processes.

Serve as a subject-matter expert on underwriting fraud risk by helping underwriters identify suspicious trends, inconsistencies, potentially altered documentation, and other fraud indicators; providing guidance on appropriate verification and investigative steps; and leveraging internal tools and third-party resources to identify or rule out potential fraud.