Credit UnderwriterJustiFi, 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 DescriptionThe Underwriter will report to the Underwriting Manager and is primarily responsible for reviewing all incoming merchant applications notautomatically or systematically approved. The underwriter is tasked with ensuring that theycomply with the goals, objectives and standards of the organization in order to meetcustomer satisfaction and deadlines. The underwriter must remain properly trained andunderstand their goals and performance requirements.The major duties of the Underwriter are:Review merchant applications in accordance with the credit policyReview and interpret financial documents to build supportive credit recommendationsCommunicate with merchants and partnersReview transaction monitoring flags in accordance with the risk policyRefine tools and processes to meet the portfolio needsPerform other underwriting related duties as assignedExperience and RequirementsMinimum three (3) years of merchant and/or payment experience in the financial, ISO or agent environmentDemonstrated experience with spreading balance sheets, P& Ls and cash flow statementsDemonstrated experience with interpreting financial statements into a narrative that identifies credit risk and mitigantsComfortable working in consistently evolving and fast paced environmentsAbility to comfortably and professionally interact with CFOs and CEOs of all business types from SMB to enterpriseIndependently takes ownership of process and policy improvements
