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Manager Merchant Underwriting Jobs (NOW HIRING)

Impact Payments Recruiting

Portfolio & Credit Risk Management * Oversee merchant underwriting across SMB, mid-market, and enterprise segments. * Develop and maintain underwriting policy, governance, and escalation protocols.

KURV

Senior Merchant Underwriter

Cleveland, OH · On-site

$95K - $113K/yr

About the job The primary focus of the Senior Merchant Underwriter is to review, analyze and make ... underwriting activities for senior management.

PatientFi

Merchant Underwriter

... underwriting policies and regulatory requirements. * Escalation Management: Identify high-risk or ... merchants for additional info. * Detail-Oriented: A "sharp eye" for identifying red flags or ...

Coinflow

Senior Merchant Underwriter

Chicago, IL · On-site

$100K - $140K/yr

New Business Underwriting: Evaluate merchant applications, ensuring that merchants are operating ... Experience working transaction monitoring systems and case management platforms. * SQL and business ...

Versapay

OR · On-site

$80K - $90K/yr

... Underwriting, disputes/chargebacks, and PCI/security requirements. * Propose improvements ... Strong merchant services/payment processing background with the ability to navigate gateway ...

Versapay

Customer Success Manager, Merchant Services

$80K - $90K/yr

... Underwriting, disputes/chargebacks, and PCI/security requirements. * Propose improvements ... Strong merchant services/payment processing background with the ability to navigate gateway ...

IDT

Senior Underwriter - Merchant Services

Newark, NJ · On-site

$120K/yr

We're expanding our underwriting team and seeking a highly motivated Senior Underwriter to join us ... Maintain up-to-date knowledge of industry trends, compliance regulations, and risk management ...

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Manager Merchant Underwriting information

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$48K

$103.1K

$158.5K

How much do manager merchant underwriting jobs pay per year?

As of Jun 9, 2026, the average yearly pay for manager merchant underwriting in the United States is $103,082.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,000.00 and $121,000.00 per year, depending on experience, location, and employer.

What is the difference between Manager Merchant Underwriting vs Merchant Underwriter?

AspectManager Merchant UnderwritingMerchant Underwriter
CredentialsTypically requires a bachelor’s degree in finance, business, or related field; often has managerial certificationsUsually requires a bachelor’s degree; certifications like CPCU or RPLU are common but not mandatory
Work EnvironmentLeads teams, oversees underwriting processes, and develops policiesPerforms individual underwriting assessments and risk analysis
Industry UsageUsed in insurance and financial services to manage underwriting teamsCommonly used in insurance companies for risk evaluation

While both roles involve underwriting, the Manager Merchant Underwriting oversees teams and strategic processes, whereas the Merchant Underwriter focuses on individual risk assessment. The manager role emphasizes leadership and policy development, while the underwriter concentrates on detailed risk analysis.

How does a Manager Merchant Underwriting collaborate with risk and compliance teams to ensure the integrity of merchant accounts?

A Manager Merchant Underwriting works closely with risk and compliance teams to evaluate merchant applications, monitor ongoing accounts, and address any potential red flags. They coordinate regular reviews, share insights on emerging fraud trends, and ensure that all underwriting decisions align with regulatory requirements and company policies. This collaboration is essential for creating a robust risk management framework, reducing exposure to fraudulent activity, and maintaining a healthy merchant portfolio.

What are the key skills and qualifications needed to thrive as a Manager Merchant Underwriting, and why are they important?

To thrive as a Manager Merchant Underwriting, you need expertise in financial analysis, risk assessment, and credit policies, typically supported by a degree in finance, business, or a related field. Familiarity with underwriting platforms, credit scoring tools, and industry compliance systems is critical. Strong leadership, decision-making, and communication skills help in guiding teams and collaborating with stakeholders. These skills ensure accurate risk evaluation, regulatory compliance, and effective management of underwriting operations.

What does a Manager of Merchant Underwriting do?

A Manager of Merchant Underwriting oversees the evaluation and approval process for businesses applying to accept credit and debit card payments. They lead a team that assesses risk, reviews financial documents, and ensures each merchant complies with industry standards and regulations. This role involves developing underwriting policies, monitoring for fraud, and working closely with sales and compliance departments to minimize financial risk for the payment provider. Additionally, the manager is responsible for training staff and updating procedures based on changing market and regulatory conditions.
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Manager Merchant Underwriting jobs near you
VP, Merchant Underwriting

VP, Merchant Underwriting

Impact Payments Recruiting

Contractor

Posted 18 days ago

Job description

Our client is looking to hire a VP of Merchant Underwriting who can optimize underwriting strategy across merchant acquiring. This individual will balance growth acceleration with disciplined risk management, leveraging data, automation, and advanced analytics to drive profitable portfolio expansion while safeguarding the enterprise from credit, fraud, regulatory, and reputational risk.
This role requires a commercially minded leader who can translate risk trends, regulatory expectations, and portfolio performance into actionable underwriting frameworks that enable responsible growth.
Strategic Leadership
* Define and execute on an underwriting strategy aligned to corporate growth targets, risk appetite, and capital efficiency objectives.
* Establish and maintain dynamic risk frameworks segmented by vertical, channel, and product type.
* Partner with internal teams to embed risk-adjusted decisioning into go-to-market strategy.
Portfolio & Credit Risk Management
* Oversee merchant underwriting across SMB, mid-market, and enterprise segments.
* Develop and maintain underwriting policy, governance, and escalation protocols.
* Monitor portfolio performance metrics (loss rates, chargeback exposure, fraud indicators, concentration risk) and proactively recalibrate underwriting criteria.
* Support with the implementation of predictive modeling and machine learning capabilities to enhance risk scoring and pricing precision.
Operational Excellence
* Drive automation and straight-through processing to improve speed-to-decision while preserving control integrity.
* Optimize workflow design, capacity planning, and service-level standards to support scalable growth.
* Build robust QA and second-line review mechanisms to ensure policy adherence and regulatory compliance.
Risk & Regulatory Governance
* Ensure practices comply with card brand rules, sponsor bank requirements, AML/BSA standards, and applicable state and federal regulations.
* Maintain strong documentation, audit trails, and defensible decision frameworks.
* Serve as primary underwriting liaison during regulatory exams, sponsor bank reviews, and internal audits.
Data & Technology Enablement
* Decisioning, including integration of alternative data sources and third-party risk intelligence tools.
* Collaborate with Technology and Data teams to modernize underwriting systems and reduce manual friction points.
* Leverage analytics to identify emerging industry risk trends and proactively adjust exposure.
People & Leadership
* Recruit, develop, and retain high-performing underwriting and risk professionals.
* Establish a culture of accountability, analytical rigor, and commercial partnership.
* Create clear performance KPIs tied to portfolio outcomes and operational efficiency.
This role is critical to building a resilient, scalable payments platform that accelerates merchant acquisition without compromising enterprise integrity. The VP of Underwriting will serve as both a growth enabler and a risk guardian, ensuring the organization remains agile, compliant, and competitively positioned in an evolving payments landscape.
Qualifications & Experience
* Extensive progressive underwriting or credit risk leadership experience within the industry
* Deep expertise in merchant risk, card-not-present exposure, chargeback management, fraud typologies, and high-risk vertical underwriting.
* Demonstrated experience scaling underwriting functions in high-growth environments.
* Strong knowledge of card network rules, sponsor bank frameworks, AML/BSA expectations, and regulatory risk management principles.
* Proven track record of leveraging analytics, automation, and technology to modernize risk operations.
* Executive-level communication skills with the ability to influence cross-functional stakeholders and board-level audiences.Education:Employment Type: CONTRACTOR

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