Underwriter - Greenwich, United States - Payarc LLC

Payarc LLC

Verified Company

Greenwich, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

:

We are a technology-driven company. We built our business with the purpose of empowering people and improving their organizations, one payment at a time.

We started our journey by providing smart and simple payment processing tools and products but haven't stopped there.

We are backed by a team of world-class experts and the best technology talent, and we are committed to helping more new businesses get started, increase the revenues of our customers, and bridge the gap between online merchants and payment solutions.

Our mission is to give companies the tools they need to change the future of their business.

Requirements:

Responsibilities & Duties

Review accounts submitted in accordance with regulatory merchant standard policies and sponsor bank's policy
Periodically review existing merchants to ensure compliance with Underwriting Guidelines and risk standards
Present risk mitigation techniques to minimize financial loss exposure to the Bank when creating and/or approving proposed risk structures for a merchant account
Work with underwriters at sponsor banks and risk managers to manage the risk structure imposed on accounts
Communicate underwriting approval and declines decisions effectively in both verbal and written communication
Analyze credit and financial statements
Credit authority of $100,000
Track and manage workflow of all pending accounts weekly
Perform other duties and projects as assigned
Provide operational assistance as needed when a merchant needs to be added to the watchlist, limits change and account closure
Provide various reporting to management
Other duties as assigned

Skills/Competencies

Excellent analytical skills, strong attention to detail
Ability to function in a fastpaced, changing environment with multiple priorities
Detail oriented and must have the ability to prioritize all tasks appropriately
Sense of ownership and pride in your performance and its impact on company's success
Team player
Highly proficient verbal and written communication skills
Strong technical aptitude and willingness to learn
Strong interpersonal skills for interacting effectively with key internal and external contacts
Judgment and resourcefulness to solve problems independently

Qualifications / Experience Required

Experience underwriting merchant services accounts preferred
Advanced computer skills and proficient in Microsoft Office
Possess knowledge of the acquiring credit card business with respect to industry trends, business risk factors, merchant signing requirements and other operational procedures associated with booking merchants

Education Requirements