Risk, Underwriting, Fraud
Position entails the review of merchant accounts, analyzing merchant financial and activity risk, compliance with law and association rules and other operational duties in the normal course of merchant acquiring business.
Responsibilities and Duties
Individual is responsible for underwriting prospective merchant accounts in accordance with the Merchant Services Policy and Card Brand regulations.
Periodically review existing merchants to ensure compliance with Underwriting Guidelines and risk standards.
Verify all information provided on the merchant application is correct and consistent
Understand and read credit reports.
Provide recommendations for approval, credit holds or declines of merchant applications.
Communicate underwriting decisions effectively in both verbal and written communication
Provide operational assistance as needed.
Qualifications and Skills:
Detail oriented and must have the ability to prioritize all tasks appropriately.
Experience with various computer skills: Microsoft Access, Word, Excel, Outlook and Internet savvy.
Communicate effectively, written and verbal.
Experience underwriting merchant services accounts
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.
Excellent analytical skills, strong attention to detail
Ability to function in a fast-paced, changing environment with multiple priorities
Job located in Greenwich, CT