Commercial Underwriter
JustiFi, a fintech company based in St. Paul, Minnesota, has developed a cutting-edge Embedded Finance Infrastructure company. This unique platform offers our partners the architecture they need to operate as Payment Facilitators and provide customers with a range of embedded fintech options.
At JustiFi, we are currently seeking a
Commercial Underwriter
to join our talented team and contribute to building our exceptional platform. You'll work alongside other Underwriters to underwrite businesses to onboard as merchants processing cards on Visa, MasterCard, etc.
Job Description
The Underwriter will report to the Underwriting Manager and is primarily responsible for reviewing all incoming merchant applications not automatically or systematically approved. The underwriter is tasked with ensuring that they comply with the goals, objectives and standards of the organization in order to meet customer satisfaction and deadlines. The underwriter must remain properly trained and understand their goals and performance requirements.
The major duties of the Underwriter are:
Review merchant applications in accordance with the credit policy
Review and interpret financial documents to build supportive credit recommendations
Communicate with merchants and partners
Review transaction monitoring flags in accordance with the risk policy
Refine tools and processes to meet the portfolio needs
Perform other underwriting related duties as assigned
Experience and Requirements
Minimum three (3) years of merchant and/or payment experience in the financial, ISO or agent environment
Demonstrated experience with spreading balance sheets, P&Ls and cash flow statements
Demonstrated experience with interpreting financial statements into a narrative that identifies credit risk and mitigants
Comfortable working in consistently evolving and fast paced environments
Ability to comfortably and professionally interact with CFOs and CEOs of all business types from SMB to enterprise
Independently takes ownership of process and policy improvements
