Merchant Underwriter
Infinity Data Corporation
Sharon, MA
- Full-Time
Job Description
Company Info
Job Description
We are seeking a diligent and detail-oriented Merchant Underwriter to join our team. As a Merchant Underwriter, you will play a crucial role in evaluating merchant applications, ensuring compliance, and managing risk. If you thrive in a dynamic environment and have a keen eye for financial analysis, we’d love to hear from you!
Responsibilities:
- Application Review and Underwriting:
- Thoroughly review incoming merchant applications.
- Verify the authenticity of documentation.
- Align processing limits with the merchant’s business type.
- Risk Assessment:
- Evaluate risk based on business category and expected transaction volumes.
- Analyze credit profiles and additional financial information to assess risk.
- Document Review:
- Scrutinize supporting documents for accuracy and completeness.
- Adhere to card brand policies, federal regulations, and bank requirements.
- Financial Analysis:
- Examine previous processing statements to determine volume accuracy and potential exposure.
- Make reserve recommendations to mitigate risk.
- Ongoing Monitoring:
- Conduct periodic reviews of existing accounts.
- Adjust credit limits based on volume changes or business developments.
- Collaboration:
- Work independently and collaboratively with peers to achieve team goals.
- Utilize effective call handling techniques for sales and merchant support.
- Merchant Onboarding:
- Perform thorough reviews of documentation during the onboarding process.
- Coordinate site surveys to validate business information.
- Risk Mitigation:
- Devise solutions to minimize financial risk associated with card acceptance.
- Additional Duties:
- As assigned by management.
Qualifications:
- 1-3 years of experience in payments or banking.
- Prior underwriting experience in the credit card processing industry is preferred.
- Familiarity with payments and banking statement financials.
- An understanding of merchant payments industry, specifically credit underwriting.
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