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Merchant Underwriter Jobs (NOW HIRING)

PatientFi

Merchant Underwriter

The Merchant Underwriter is responsible for evaluating and decisioning new merchant enrollments to mitigate financial and reputational risk.This role ensures that all enrollments adhere to ...

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Senior Merchant Underwriter

Atlanta, GA · Hybrid

$94K - $112K/yr

About the Role: We're looking for a Senior Merchant Underwriter that will ensure high risk reviews and merchant applications meet verification and program guidelines. We are looking for detailed ...

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 confident credit risk decisions and recommendations for merchant applications and regarding existing ...

Coinflow

Senior Merchant Underwriter

Chicago, IL · On-site

$100K - $140K/yr

The Role As a Senior Merchant Underwriter, you will perform critical analyses on all merchant applications. This includes reviews of licenses, legal opinions, transaction activity, and credit risk.

Impact Payments Recruiting

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 ...

Vaco LLC

Merchant Risk Analyst

Manhattan, NY · Remote

$30/hr

Merchant Underwriting Risk Analyst Duration: 6+ Months Pay Rate: $30/hr Senior and Junior position available Location: *Fully Remote* As a Merchant Underwriter, you will assess financial risk related ...

Vaco LLC

Merchant Risk Analyst

Manhattan, NY · Remote

$30/hr

Merchant Underwriting Risk Analyst Duration: 6+ Months Pay Rate: $30/hr Senior and Junior position available Location: *Fully Remote* As a Merchant Underwriter, you will assess financial risk related ...

IDT

Senior Underwriter - Merchant Services

Newark, NJ · On-site

$120K/yr

As a leading provider in the merchant services industry, we offer innovative, secure, and scalable solutions that help our clients grow. We're expanding our underwriting team and seeking a highly ...

IDT

Senior Underwriter - Merchant Services

Newark, NJ

$120K/yr

As a leading provider in the merchant services industry, we offer innovative, secure, and scalable solutions that help our clients grow. We're expanding our underwriting team and seeking a highly ...

Merchants Bancorp

Underwriter - GSE

Carmel, IN · On-site

Underwrite multifamily Agency loans originated by Merchants Capital. * Manage underwriting process for new loans from origination to closing. * Adhere to Agency loan requirements, reviewing updates ...

Merchants Bancorp

Underwriter - GSE

Washington, DC · On-site

$135K - $155K/yr

Underwrite multifamily Agency loans originated by Merchants Capital. * Manage underwriting process for new loans from origination to closing. * Adhere to Agency loan requirements, reviewing updates ...

Merchants Bancorp

Underwriter - GSE

Bloomington, MN · On-site

$110K - $130K/yr

Underwrite multifamily Agency loans originated by Merchants Capital. * Manage underwriting process for new loans from origination to closing. * Adhere to Agency loan requirements, reviewing updates ...

Merchants Bancorp

Underwriter - GSE

Manhattan, NY · On-site

$145K - $170K/yr

Underwrite multifamily Agency loans originated by Merchants Capital. * Manage underwriting process for new loans from origination to closing. * Adhere to Agency loan requirements, reviewing updates ...

Merchants Bancorp

Underwriter - Multifamily

Carmel, IN · On-site

The Underwriter position is an individual contributor role responsible for credit memo completion ... Our Benefits Merchants offers a comprehensive package of benefits for eligible employees, including ...

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Merchant Underwriter information

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$32.5K

$78.9K

$139.5K

How much do merchant underwriter jobs pay per year?

As of Jun 9, 2026, the average yearly pay for merchant underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What are some typical challenges faced by Merchant Underwriters, and how are they addressed?

Merchant Underwriters often face the challenge of balancing risk mitigation with the need to approve quality clients quickly. This requires careful analysis of financial documents, staying updated on fraud trends, and making swift yet accurate decisions under tight deadlines. Collaboration with sales, risk, and compliance teams is common to ensure each applicant is thoroughly evaluated. Training, ongoing professional development, and access to robust risk-assessment tools help underwriters address these challenges effectively.

What are the key skills and qualifications needed to thrive in the Merchant Underwriter position, and why are they important?

To thrive as a Merchant Underwriter, you need strong analytical skills, a foundational understanding of credit risk and financial analysis, and typically a bachelor’s degree in finance, business, or a related field. Familiarity with underwriting platforms, credit reporting systems, and industry-specific software such as Salesforce or Sageworks is often required. Keen attention to detail, effective communication, and sound judgment are important soft skills that set candidates apart. These abilities are essential for accurately assessing merchant risk, making informed decisions, and maintaining strong client relationships in a fast-paced financial services environment.

What is a Merchant Underwriter job?

A Merchant Underwriter is responsible for assessing the risk of businesses applying for merchant accounts to process credit card transactions. They analyze financial statements, credit history, business models, and industry risks to determine approval and pricing. Their role is crucial in preventing fraud and minimizing financial losses for payment processors and banks. Merchant Underwriters must balance risk assessment with business growth goals while ensuring compliance with industry regulations.

More about Merchant Underwriter jobs
What cities are hiring for Merchant Underwriter jobs? Cities with the most Merchant Underwriter job openings:
What are the most commonly searched types of Merchant Underwriter jobs? The most popular types of Merchant Underwriter jobs are:
What states have the most Merchant Underwriter jobs? States with the most job openings for Merchant Underwriter jobs include:
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Merchant Underwriter jobs near you
Infographic showing various Merchant Underwriter job openings in the United States as of May 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 74% Physical, 13% Hybrid, and 13% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.
Senior Merchant Underwriter

Senior Merchant Underwriter

ELECTRONIC MERCHANT SYSTEMS LLC

Cleveland, OH • On-site

$95K - $113K/yr

Other

Posted 9 days ago

Job description

About the job
The primary focus of the Senior Merchant Underwriter is to review, analyze and make confident credit risk decisions and recommendations for merchant applications and regarding existing merchants. The ideal candidate for this position is a qualified and experienced credit underwriter with a history of reviewing travel, airline and cruise business models.
The successful candidate will also have the ability to understand and apply best practices guidelines; collect and analyze exposure and loss data; respond efficiently and effectively to internal and external requests; maintain all organizational and professional ethical standards; have the ability to spot trends in monitoring and reporting; and communicate results of analysis to business customers and senior management, all while actively advocating and monitoring compliance.
Key Responsibilities:
Credit Risk Assessment:
  • Conduct detailed credit analysis of airline, travel and or cruise operators, including financial statement analysis, cash flow projections, and liquidity assessments.
  • Perform ongoing monitoring of credit exposure and adjust credit terms as necessary.
  • Financial Analysis:
  • Analyze key financial indicators such as profitability, debt levels, and operating margins.
  • Assess market trends and industry conditions that may impact the creditworthiness of our merchants.
  • Prepare detailed credit reports and present findings to senior management.

Risk Mitigation:
  • Develop and implement strategies to mitigate credit risk, including recommending collateral requirements or processing limits.
  • Monitor payment behaviors and take appropriate action in cases of payment delays or defaults.

Decision Making:
  • Approve or decline applications within designated authority limits.
  • Provide recommendations for approvals to higher management when outside of own approval limits.
  • Work closely with risk monitoring team to ensure alignment of credit decisions with transaction processing.

Relationship Management:
  • Build and maintain strong relationships with key stakeholders, including merchants, banks, and internal teams.
  • Serve as a point of contact for commercial teams regarding risk-related inquiries and issues.

Compliance and Reporting:
  • Ensure all underwriting activities comply with company policies, industry regulations, and legal requirements.
  • Maintain accurate records of credit decisions and ensure proper documentation of all underwriting activities.
  • Generate regular reports on credit performance, risk exposure, and underwriting activities for senior management.

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