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