What are the responsibilities and job description for the Senior Underwriter position at Priority?
Job title: Senior Underwriter
Reports to: Director of Underwriting
Department: Risk & Underwriting
Location: Alpharetta, GA (Hybrid) or Hicksville, NY or Chattanooga, TN
Grade: 16
Our Company:
Priority Technology Holdings, Inc. is a leading financial technology company that specializes in providing integrated payments and banking solutions. Our innovative native platform empowers businesses to effortlessly collect, store, and send money in a scalable manner. We are committed to revolutionizing the way companies handle their financial transactions by offering cutting-edge technology and exceptional customer service.
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 decision 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 a plus.
- Ability to work in 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 and Benefits:
- Compensation range - $ 76,000 - $85,000
- 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 : $76,000 - $85,000
