Underwriter

As an Underwriter, you'll be responsible for processing and making sound credit decisions on Risk Applications from commercial clients (Merchants). 

Duties include:

• Evaluates a variety of applications and ensure compliance with laws, bank regulation, corporate and divisional underwriting policies, procedures and standards

• Analyzes all pertinent credit and financial information, and demonstrates aptitude to interpret and evaluate consumer credit bureau reports, other reporting services, public records and bank files.

• Applies good knowledge of fair lending issues, rules and various internal and external policies and regulations that directly impact the line of business.

• Demonstrate proficiency in all underwriting process and policies of the role.

• Underwrite all new applications consistent with approved underwriting policies and guidelines.

• Verify all information provided on the merchant application and supporting documentation is correct and consistent with required standards.Understand, read and interpret credit reports.

• Understand, read and interpret financial statements, tax returns and other similar documentation.

• Provide recommendations (approval, credit holds or declines etc.) on merchant applications and identify, document and escalate to management those deals that are over an Underwriter 2 approval /authority as defined by policy.

• Call merchants regarding their applications when needed to verify information.

• Communicate decisions effectively in both verbal and written communication.

• Properly file paperwork.

• Understand the company underwriting policies and underwriting guidelines.

• Understand the risks associated with the payment processing industry (Fraud, Credit, Regulatory, Legal, etc.Demonstrate good listening, interpersonal and team working skills.

• Seeks alternative means of financing or counter offers for all merchant/clients when it is determinedbr /that the original request cannot be accommodated.

Qualifications include:

• Minimum 0-2 years credit, risk or equivalent experience in a related field or a related Bachelors degree (Finance, Econ or Accounting) and relevant work exp.

• Strong attention to detail.Strong analytical skills.

• Strong time management and organizational skills.

• Strong written and verbal communication skills.

• Proven ability to make decisions independently as well as work well as part of a team.