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  • Location: New York, NY
  • Job Type: Direct Placement
  • Ref No: 21-00149
  • Date: January 12, 2021
  • Job title:

Job Description - 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.


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