Merchant Underwriting Analyst
Director, Underwriting or equivalent position
The Merchant Underwriting Analyst will be responsible for performing credit analysis on new and existing accounts and making appropriate credit decisions using set policies and judgmental abilities. Underwrite new merchant applications and review existing portfolio of merchants. This position reports to the Director, Underwriting.
Duties and Responsibilities
Evaluate the financial position and credit worthiness of new/existing merchant relationships and perform credit evaluation and formal credit write-ups for merchant accounts of concern.
Analyze new/existing merchant application for processing by utilizing/understanding credit reports, risk score modules, financial statements, tax returns, web site reviews and various other tools in the industry.
Identify and review high risk/high exposure relationships, liaise with key functional areas and implement the appropriate controls to mitigate risk to the business.
Conduct an assigned number of reviews daily, weekly, monthly meeting aggressive deadlines.
Collaborate with other functional areas of the organization in an effort to minimize potential loss.
Interact with sales associates, partners, and clients providing first class service.
Report status activity on potential risks with recommendations for actions.
Monitor and maintain merchant reserve balances.
Perform scheduled reviews of merchant portfolio based on processing volume and business type.
College degree desired. Exceptions for candidates with credit or risk analyst experience.
Ability to quickly learn/grasp new ideas and concepts.
Detail oriented and reliable.
Must be able to take instruction as well as function independently.
Assertive, confident applicants with exceptional verbal and written communication skills.
Ability to justify credit decisions, balance risk and business/sales issues.
Able to multi-task in a high volume, fast-paced environment.
Able to conduct business with merchants, sales offices & co-workers in a professional manner.
Job Type: Full-time
Pay: $45,000.00 - $50,000.00 per year
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Company's Facebook page:
- Remote interview process
- Virtual meetings