Underwriter

Job Description

Job Description

Description:

The Underwriter will be responsible for reviewing merchant applications and conducting appropriate due diligence, ensuring accuracy and adherence to company and sponsor bank guidelines. This role will be responsible for identifying and addressing discrepancies or issues that arise during the underwriting process. The Underwriter will work closely with team members, management and across other areas of the organization to address concerns related to the underwriting process and contribute to the overall success of the department.

Essential Duties & Responsibilities

• Evaluate underwriting packages to ensure that all necessary documentation has been provided in accordance with partner guidelines
• Ability to analyze and generate department related reports (MATCH, TIN, Credit Reports, OFAC)
• Assess and document findings related financial analysis and risk exposure calculations
• Work closely with Team Leads and Management on escalated issues and partner concerns
• Foster a positive and collaborative work environment to enhance overall team performance
• Complete application reviews within designated department SLAs
• Utilize resources available for both internal and third-party tools to minimize pends and improve the overall decision-making process
• Analyze underwriting data to identify areas for improvement to streamline partner experience
• Ensure compliance and understanding of department and company policies and procedures
• Propose strategic initiatives to leadership that support growth and partner retention
• Suggest enhancements to the underwriting process and risk mitigation strategies

Correspondences and Reporting

• Track individual SLAs, pend and approval rates to ensure adherence to departmental KPI’s
• Collaborate interdepartmentally to ensure alignment on dept and company expectations
• Ensure compliance and understanding of updated department policies and guidelines
• Work closely with peers and leadership to communicate concerns regarding questionable applications

• 1+ years proven experience in underwriting, payment processing or risk management
• Ability to prioritize workflow, multi-task and organize daily activities
• Solid knowledge and understanding of underwriting techniques and credit risk principles
• Analytical mindset, ability to make sound decisions in a fast-paced environment
• Capable of making quick, sound decisions with the ability to detail recommendations
• Excellent written and verbal communication skills