Merchant Risk Underwriter

4 weeks ago

Atlanta, Georgia, United States Momnt Full time
Job Description

Momnt is a fast-growing fintech company headquartered in the United States with a remote team throughout the country. We are seeking a Merchant Risk Underwriter to assess financial risk related to credit, fraud, and identity associated with merchants.

This role involves ensuring that merchant applicants meet verification requirements and program guidelines. The ideal candidate will have meticulous attention to detail, great investigation skills, and the ability to work according to tight deadlines in a fast-paced environment.

Key Responsibilities:

  • Analyze application information and third-party responses to render an underwriting decision on merchant applications.
  • Review merchant files in accordance with policy and procedure.
  • Contact merchants as necessary to verify application information.
  • Maintain records of all investigations performed.
  • Conduct due diligence reviews of applications, ensuring accuracy and completeness.
  • Validate documents provided with new applications using online publications and resources.
  • Manage your hold queue and request documents when necessary.
  • Stay current with sponsor bank requirements and risk trends.
  • Review incoming merchant applications in accordance with Internal Compliance and Underwriting Policies.
  • Evaluate policies with regards to the company's underwriting standards.
  • Provide policy recommendations and documentation to present to upper management.
  • Make a decision to accept, modify, or reject a merchant application after scrutiny of all required documents and studies.
  • Provide support and coaching to the underwriting team.
  • Prepare risk assessments and make considered recommendations to Manager.

Requirements:

  • 5+ years of experience in a merchant underwriting environment or analyzing financial data.
  • Proficiency with business verification and risk assessment tools.
  • Experience mentoring junior underwriters.
  • Solid understanding of evaluating merchant financial risk based on third-party data, credit reports, and other merchant attributes.
  • Ability to understand and make recommendations for changes to Underwriting management and Risk management.
  • Good communication skills, both written and verbal.
  • Sound judgment, strong problem-solving, and analytical skills.
  • High motivation and attention to detail.
  • Resourceful person that can take ownership of actions and initiative.

Nice-to-Haves:

  • Experience with Socure, LexisNexis, or similar products.
  • Fraud/Risk Management experience or deep understanding of fraud prevention techniques.
  • Fintech experience.

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