What are the responsibilities and job description for the Underwriting Specialist position at Cygnus Payment Solutions?
Overview
We are seeking a detail-oriented and analytical Junior Underwriter to join our dynamic team. In this role, you will play a crucial part in evaluating and assessing the risk associated with merchant boarding applications.
About Us - Cygnus Payment Solutions is a merchant services provider for small to medium-sized businesses (SMB). We offer payment processing services that include Point of Sale solutions, mobile applications, and loyalty programs. Cygnus has its headquarters located in Reston, VA with over 5,000 active merchant outlets throughout the United States.
Duties
- Conduct thorough risk analysis on merchant applications to determine eligibility and compliance with company policies.
- Utilize financial acumen to assess applicants’ creditworthiness through risk analysis and cash flow analysis.
- Perform quantitative research to support decision-making processes related to loan origination.
- Collaborate with senior underwriters in evaluating financial concepts and underwriting guidelines.
- Maintain accurate records of underwriting decisions and provide recommendations for approval or denial of applications.
- Stay updated on industry trends and regulatory changes that may impact underwriting practices.
Requirements
- Strong understanding of risk analysis, credit analysis, and quantitative analysis.
- Familiarity with financial concepts, loan origination processes, and equity research is preferred.
- Excellent analytical skills with the ability to interpret complex data sets.
- Proficient in using underwriting software and tools for effective decision-making.
- Strong attention to detail and organizational skills to manage multiple tasks efficiently.
- Experience in merchant services, Fintech, or SaaS industry.
Education:
- A degree or certification in finance, business administration, or a related field.
Perks/Benefits:
- Comprehensive Health Benefits Package (Medical, Dental, Vision, Life, etc.)
- 401k Company Match, Paid Time Off, and 11 Observed Holidays.
- Corporate offsite events and in-office snacks/beverages.
Job Type: Full-time
Pay: $49,191.75 - $59,241.68 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Work Location: In person
Salary : $49,192 - $59,242