Underwriter

2 days ago


New York, New York, United States Checkout Full time
Job Description

We are seeking a highly skilled Underwriter to join our team in New York. As an Underwriter, you will be responsible for underwriting enterprise customer applications, conducting business model analysis, and evaluating credit risk exposure.

Key Responsibilities
  • Conduct business model analysis and apply evaluation techniques to achieve desired results for complex deals.
  • Calculate exposure in line with existing guidance, with the ability to tailor the approach based on merchant specifics.
  • Complete financial analysis of profit and loss, balance sheet, and cash flow statements, and demonstrate a competent understanding of accounting principles.
  • Experience in underwriting high-risk lines of business, including travel, furniture, ticket, and events, securities, and gambling.
  • Prepare detailed oral and written summaries to assess micro and macro risks, mitigating factors, and make balanced recommendations to present to management and the Credit Risk Committee.
  • Represent Underwriting in customer calls and meetings alongside Sales or Account Management.
  • Access and process Pay to Card and Pay to Bank applications.
Requirements
  • 4+ years of work experience in merchant underwriting or similar underwriting roles.
  • Expert business model assessment and identification of credit risk exposure.
  • Strong knowledge of financial statement analysis and analyzing credit exposure.
  • Excellent written and interpersonal communication skills, with a 'Customer First' approach to delivering creative solutions for merchants.
  • Experience within Customer Due Diligence, KYC, and KYB.
  • Competent escalation management, with the ability to act with urgency to ensure escalations are prioritized, owned, and resolved effectively.
  • A passion for operational improvement initiatives and the ability to contribute to broader department initiatives and projects.
What We Offer

We offer a competitive salary range of $85,000 to $100,000 per year, plus an annual cash bonus. Our total compensation package includes health, vision, dental insurance, 401k, vacation and sick and safe time, learning days, and volunteer days.

We believe in equal opportunities and work as one team, wherever you come from, however you identify, and whichever payment method you use. We want to set you up for success and make our process as accessible as possible. If you need anything to make your experience or working environment more comfortable, please let us know.


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