Jr Underwriter

Overview

Shift4 Payments (NYSE: FOUR) is a leading provider of integrated payment processing and technology solutions, delivering a complete omni-channel ecosystem that extends beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019. For additional information, visit www.shift4.com.

We are looking for individuals that are driven, extremely self-sufficient, highly motivated, and hold themselves to the highest standards of professionalism. We will be evaluating candidates based on how they interview, prior experiences, knowledge, and references. This position requires employees to maintain cooperative, diplomatic working relationships with co-workers, supervisors, customers, and the public; work as part of a team and collaborate with colleagues, and complete projects and daily workload under tight deadlines even when there are competing requirements and changes in assignments.

Job Summary

The Underwriting team reviews/analyzes all brands of merchant applications that come into Shift4 Payments.  They will practice KYC on each account and conduct the needed due diligence to ensure each account is set up correctly and approved accordingly.   Each member is responsible for their work-load ensuring productivity and quality standards are met on a daily basis.

Responsibilities

Responsibilities

• 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 on a daily basis

Qualifications

Qualifications

• High school diploma or the equivalent required

• Minimum 2 years underwriting and/or risk management experience

• Banking experience a plus

• Experience with Microsoft Office Suite, Google Suite 
• Strict attention to detail 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

Shift4 Payments provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics.