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Merchant Underwriter Jobs in Michigan (NOW HIRING)

Sun, Inc.

Sales Coordinator

Highland, MI · On-site

$15 - $16/hr

Coordinates with the Underwriting department to obtain approvals on prospective resident applicants ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

Sun RV Resorts

Sales Coordinator

Highland, MI · On-site

$15 - $16/hr

Coordinates with the Underwriting department to obtain approvals on prospective resident applicants ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

Sun, Inc.

Director, Asset Management

Southfield, MI · On-site

Drive analysis of portfolio performance versus underwriting and investment assumptions; partner ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

PFCU

Business Specialist: PFCU Durand Branch

Durand, MI · On-site

... merchant services, and marketplace applications. * Supports business account growth and product ... underwriting decision. * Attends business loan committee meetings to present new loan requests ...

Sun, Inc.

Director, Asset Management

Southfield, MI · On-site

Drive analysis of portfolio performance versus underwriting and investment assumptions; partner ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

Sun, Inc.

Office Coordinator

Clinton Township, MI · On-site

$19 - $21/hr

Coordinates with the Underwriting team at the Main Office to obtain approvals on prospective ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

Sun, Inc.

Drive analysis of portfolio performance versus underwriting and investment assumptions; partner ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

Sun RV Resorts

Office Coordinator

Clinton Township, MI · On-site

$19 - $21/hr

Coordinates with the Underwriting team at the Main Office to obtain approvals on prospective ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

Sun Communities, Inc.

$19 - $21/hr

Coordinates with the Underwriting team at the Main Office to obtain approvals on prospective ... Team Member Perks & Discounts program with hundreds of discounts on things like travel, merchandise ...

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Showing results 21-40

All JobsMerchant Underwriter JobsMerchant Underwriter Jobs in Michigan

Merchant Underwriter information

See Michigan salary details

$28.3K

$68.8K

$121.6K

How much do merchant underwriter jobs pay per year?

As of Sep 7, 2026, the average yearly pay for merchant underwriter in Michigan is $68,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,200.00 and $75,800.00 per year, depending on experience, location, and employer.

What is a merchant underwriter?

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.

What are the key skills and qualifications needed to thrive as a merchant underwriter?

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 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.

Do merchant underwriters make a lot of money?

Merchant underwriters typically earn a median salary that is competitive within the financial industry, with earnings varying based on experience, location, and employer. They often receive benefits such as health insurance and retirement plans, and some roles may include bonuses or commissions. Overall, the position offers a stable income but is not usually considered highly lucrative compared to other finance roles.

What are the most commonly searched types of Merchant Underwriter jobs in Michigan?

The most popular types of Merchant Underwriter jobs in Michigan are:

What are popular job titles related to Merchant Underwriter jobs in Michigan?

For Merchant Underwriter jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Merchant Underwriter jobs in Michigan look for?

The top searched job categories for Merchant Underwriter jobs in Michigan are:

Merchant Underwriter jobs near you
Infographic showing various Merchant Underwriter job openings in Michigan as of August 2026, with employment types broken down into 90% Full Time, 7% Part Time, 2% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $68,750 per year, or $33.1 per hour.

Director, Debt Capital Markets

FIRST MERCHANTS

Monroe, MI • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 19 days ago

First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

88th of 175 rated banks

Job description

First Merchants Bank is seeking a Director, Debt Capital Markets to join our team! This position will partner with the Managing Director, Debt Capital Markets to support and implement the growth strategies to facilitate the distribution of syndicated credit facilities, establish and grow key relationships with partner banks, and acquire/manage a portfolio of syndicated loans.

Essential Duties and Responsibilities:

  1. Active in-person calling program with existing Bank Partners and on Bank Prospects.
    1. Ability to Interface with Senior Executives at Partner Banks to articulate First Merchants expertise and capabilities in leading transactions.
    2. Understand our Bank Partners underwriting and return criteria by asset class.
    3. Understand our Bank Partners approval process and response time to FMB opportunities.
    4. Maintain tracking database on Bank Partners.
  2. Assist with management of individual sell side transactions through the Syndication process.
    1. Identify potential universe of Banks who might partner on a given opportunity.
    2. Manage Early Assessment process with identified banks.
    3. Manage communication with banks as deal moves through Syndication process.
    4. Communicate with Structure team and Relationship Managers on feedback from Banks on in market opportunities.
    5. Contributor to Credit Information Memorandum and Confidential Flash Memorandum.
  3. Assist in the Loan Structuring of New Opportunities based on knowledge gained from working with Bank Partners and Bank Prospects.
  4. Schedule and participate in calls with Managing Director, Debt Capital Markets.
  5. Manage Approved Bank Partner list including criteria to add or remove Partners.
  6. Contribute to the development of marketing/collateral material for Debt Capital Markets.
  7. Utilize bank reporting tools to ensure syndication exposure are properly documented and tracked, and prepare various scheduled management reports.
  8. Assist with projects and in developing new or refining existing efficiencies and processes as required.
  9. Remain current with all applicable regulations.

Position Requirements:

  • Bachelor’s degree in accounting, business administration, economics, finance, marketing, mathematics or a related field.
  • A minimum of seven (7) years of relationship management, capital markets, or related experiences in the financial services industry. 

Preferred Requirements:

  • Master’s degree in business administration
  • Previous experience with Syndicated Credit Facilities including loan documentation for commercial and real estate companies is a plus.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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