Merchant Underwriter I

About the role

The primary focus of the Merchant Underwriter I is to review, analyze, and make sound decisions and recommendations on merchant applications. The ideal candidate is experienced in underwriting within a fast-paced, deadline-driven environment, with the ability to understand and apply best practices guidelines, collect and analyze exposure and loss data, respond efficiently to requests, maintain ethical standards, spot trends, and communicate results to business customers and senior management while advocating for compliance.

Responsibilities

• Analyze a mix of merchant applicants across a wide variety of business types in both card-present and card-not-present processing environments.
• Underwrite based on the risk associated with transaction volume and business type, applying standard documentation and future service liability guidelines.
• Rapidly interpret and analyze vendor reports and apply findings to underwriting decisions.
• Communicate effectively with merchants, sales representatives, internal departments, and management as necessary.
• Recognize fraud patterns and emerging trends across merchant submissions.

Requirements

• Minimum 3 years' experience in an underwriting environment.
• Typing speed of 50+ WPM or equivalent keystrokes.
• Strong organizational and analytical skills.
• Strong oral and written communication skills.
• Ability to multitask and maintain attention to detail.
• Ability to interpret data based on established criteria.
• Proficient in reviewing and interpreting both consumer and business credit reports.
• Team-oriented with a willingness to work with all levels of applicants in a positive manner.
• Flexibility to work extended shifts as needed.
• High School Diploma or equivalent required.
• Bachelor's Degree in Business or Finance preferred (or equivalent work experience).