What are the responsibilities and job description for the Jr. Underwriter position at Shift 4?
Responsibilities:
Qualifications:
- Conduct due diligence reviews of applications, ensuring accuracy and completeness.
- Validate documents provided with new applications using online publications and resources.
- Manage your hold queue and request docs when necessary.
- Stay current with sponsoring bank requirements and risk trends.
- Review incoming merchant applications in accordance with Internal Compliance and Underwriting Policies.
- Assess application package and ultimately recommend approval or decline.
- Daily review of incoming merchant applications including the following: ensuring packages contain all required documents, KYC, business history review, business type and billing model risk evaluation, reviewing third party underwriting tools.
- Review and analyze credit and financial reports, financial statements, balance sheets, tax returns, etc.
- Prepare written summary past of analysis of applicant information in accordance with the department procedures.
- Apply appropriate underwriting criteria to applications in accordance with published credit policy to ensure financial exposure is appropriately mitigated.
- Utilize skills in problem identification, analysis, and resolution using available resources to accomplish duties.
- Review merchant applications to make sure all the necessary information is present both on paperwork and website.
- Review applications with risk management and make applicable recommendations for approval or denial.
- Assist in the completion of weekly and monthly reports.
- Ensure all work in queue is completed daily.
Qualifications:
- Experience with Microsoft Office Suite, Google Suite.
- Strict attention to detail is a must.
- Experience in analyzing financial statements and processing history.
- Excellent listening, written, and verbal communication skills.
- Self-starter and \must be able to handle multiple tasks in a fast-paced environment.
About the Company:
Shift 4
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