Underwriter (Merchant Services)

Overview

Join our dynamic team as an Underwriter specializing in Merchant Services, where you will play a pivotal role in assessing and managing financial risks associated with merchant accounts. This position offers an exciting opportunity to leverage your expertise in financial analysis, risk assessment, and underwriting to support our innovative payment solutions. You will collaborate closely with sales, risk management, and finance teams to ensure sound credit decisions while fostering strong relationships with merchants. Your analytical skills and financial acumen will help drive our mission to deliver seamless, secure payment processing experiences for businesses worldwide.

Duties

• Conduct comprehensive risk assessments by analyzing merchant financial statements, cash flow data, and credit histories to determine eligibility for merchant accounts.
• Utilize financial modeling tools and quantitative analysis techniques to evaluate potential risks and forecast future performance.
• Perform detailed credit analysis and equity research to support underwriting decisions, ensuring alignment with company policies and risk appetite.
• Collect and interpret relevant data from various sources, including banking records, accounting reports, and fraud detection systems, to inform underwriting processes.
• Negotiate terms with merchants by balancing risk considerations with business growth objectives, ensuring mutually beneficial agreements.
• Monitor ongoing portfolio performance through regular risk analysis, identifying early warning signs of potential issues such as fraud or financial distress.
• Prepare clear, detailed financial reports and underwriting documentation that communicate findings effectively to stakeholders.

Experience

• Proven experience in underwriting within financial services, banking, or related fields, ideally with a focus on merchant or small business accounts.
• Strong knowledge of financial concepts including cash flow analysis, credit analysis, and financial modeling techniques.
• Familiarity with financial software tools used for data collection, risk assessment, and loan processing.
• Demonstrated ability in quantitative research and analysis—applying mathematical skills to evaluate complex financial data accurately.
• Experience in fraud prevention and detection strategies within a payment or lending environment is highly desirable.
• Knowledge of technical accounting principles, mortgage servicing processes, or loan origination procedures will be considered an asset.
• Excellent negotiation skills combined with a solid understanding of banking regulations, tax considerations, and portfolio management practices. Join us as an Underwriter (Merchant Services) and become a vital part of a forward-thinking team dedicated to delivering secure payment solutions while advancing your career in a fast-paced financial environment!

Pay: $60,000\.00 - $75,000\.00 per year

Benefits:

• 401(k)
• 401(k) 3% Match
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Experience:

• Merchant Services: 2 years (Preferred)

Work Location: Remote