Underwriter

Job Description

The Underwriter will primarily be responsible for reviewing and making decisions on new merchant account applications within the scope of his/her authority. This will include reviewing the overall merchant application, pulling and reviewing credit reports and other related financial data to determine credit worthiness of the account and using other core validation steps to ensure the business is legitimate.

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  • Work closely with all organizational teams to ensure Customers’ and Partners’ needs are met

  • Work collaboratively with Executive Leaders and Management in the execution and deliverables required to meet deadlines

  • Liaise with internal departments to ensure transparent and efficient processes

  • Work with Executive Leaders to identify opportunities for internal and external communication

  • Responsible for reviewing and underwriting merchant applications

  • Knowledge of merchant services, credit card processing business and merchant services documentation.

  • Identifies, analyzes, and evaluates risks and compensating factors

  • Approves or suspends merchant applications

  • Ensures accounts that are approved are within the terms of the organization’s standards and regulatory underwriting guidelines

  • Understanding of Card Brand rules and regulations

  • Assumes responsibility for accurately evaluating the credit worthiness the customer will meet expected financial obligations

  • Completes all underwriting functions in accordance with various program requirements

  • Understands organization’s policy and identifies exceptions and non-compliance with merchants while performing

  • credit underwriting

  • Stay informed regarding changes in organization standards and related legal requirements

  • High level of confidentiality required

  • Frequently monitors queue for pending merchant applications

  • On-going education with industry news and updates.

  • Helps ensure that underwriting maintains an acceptable if not exceptional service level

  • Assumes responsibility for establishing and maintaining effective communication

  • Identifies, analyzes, and evaluates risks and compensating factors

  • Review and document websites for compliance as part of underwriting process

Job Snapshot

  • Employee Type: Full-Time 

  • Location: Downtown Detroit, MI

Please submit your resume to begin your job search today!

Please submit your current resume and salary history to careers@intlbancard.com. Once submitted one of our recruiters will contact you to advance with the recruitment process.

© 2019 International Bancard   |   International Bancard is an Equal Opportunity Employer.

To learn more about International Bancard and its services, visit InternationalBancard.com