Merchant Underwriter

Job Description

Job Description

We are seeking a diligent and detail-oriented

Merchant Underwriter

to join our team. As a Merchant Underwriter, you will play a crucial role in evaluating merchant applications, ensuring compliance, and managing risk. If you thrive in a dynamic environment and have a keen eye for financial analysis, wed love to hear from you
Responsibilities:
Application Review and Underwriting:
Thoroughly review incoming merchant applications.
Verify the authenticity of documentation.
Align processing limits with the merchants business type.

Risk Assessment:
Evaluate risk based on business category and expected transaction volumes.
Analyze credit profiles and additional financial information to assess risk.

Document Review:
Scrutinize supporting documents for accuracy and completeness.
Adhere to card brand policies, federal regulations, and bank requirements.

Financial Analysis:
Examine previous processing statements to determine volume accuracy and potential exposure.
Make reserve recommendations to mitigate risk.

Ongoing Monitoring:
Conduct periodic reviews of existing accounts.
Adjust credit limits based on volume changes or business developments.

Collaboration:
Work independently and collaboratively with peers to achieve team goals.
Utilize effective call handling techniques for sales and merchant support.

Merchant Onboarding:
Perform thorough reviews of documentation during the onboarding process.
Coordinate site surveys to validate business information.

Risk Mitigation:
Devise solutions to minimize financial risk associated with card acceptance.

Additional Duties:
As assigned by management.

Qualifications:
1-3 years of experience

in payments or banking.
Prior

underwriting experience

in the credit card processing industry is preferred.
Familiarity with

payments and banking statement financials .
An understanding of

merchant payments industry , specifically credit underwriting.

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