What are the responsibilities and job description for the Sr Underwriter position at Priority Technology Holdings, LLC?
Our Company:
Job Summary:
As a Senior Underwriter you will underwrite complex and/or large volume merchants and ensure risks are properly mitigated. Assist underwriters in increasing their industry knowledge and underwriting skills.
RESPONSIBILITIES:
- Calculate the risk exposure of large complex merchant accounts.
- Full understanding of Card Brand underwriting rules for all types of card processing relationships (Merchant, Payment Facilitator, Marketplace…etc.).
- Analyze credit information (Banking and processing) to determine if the profile supports the risk exposure.
- Ability to perform a full financial review and spread financials to determine the ability of a merchant to support their process risk (as needed).
- Ability to draft in-depth credit packages that require bank approvals.
- Take ownership of the credit process, making decisions in the best interest of the customer and organization.
- Understand and read credit reports (Consumer and Commercial).
- Negotiate with Partners and Merchants on approval structure (reserves, ACH delay…etc.) to mitigate risks and maximize revenues.
- Provide ongoing training for junior underwriters and for merchant sales channels.
Comply with and enforce company policies and procedures.
MINIMUM REQUIREMENTS:
2-4-year College Degree with 5 years of work experience in a related working field.
- Excellent management, communication, interpersonal, organizational and leadership skills.
- Ability to communicate effectively both written and verbal.
- Attention to detail.
- Excellent organizational skills.
- Bank lending experience is a plus.
- Ability to work in a fast paced environment.
- Industry knowledge.
- Identifies and resolves problems in a timely manner; able to handle a situation under pressure and find a solution; uses reason even when dealing with emotional topics.
- Ability to receive and analyze data and input data into the computer.
Must be able to receive and understand instructions, and carry out those instructions.
Compensation rate - $ 36 - $38.50
- End of Year Discretionary Bonus
- Unlimited PTO after year 1 (3 weeks to start)
- Medical, Dental & Vision
- 401k Match
- Education Expense Reimbursement
- Gym Membership Reimbursement
- HSA and FSA
Employee assistance program (EAP)
Traditional Physical Requirements
Requires prolonged sitting, standing, bending, stooping and stretching.
- Requires the ability to lift 10 pounds.
Requires eye-hand coordination, manual dexterity and a normal range of hearing and vision (with or without correction).
Join our team at Priority Technology Holdings, Inc. and be part of a dynamic and innovative company that is transforming the financial technology landscape. Together, we can shape the future of payments and banking solutions while providing unmatched value to our clients.
Salary : $36 - $39
