Underwriter
AVP Solutions
Los Angeles, CA
Job details
Pay
$40,000.00 – $55,000.00 per year
Job type
- Full-time 7:00 am – 4:00 pm
Schedule
- 8 hour shift
Benefits
- Health insurance
- Paid time off
- Dental insurance
- Vision insurance
Job description
Underwriting position available for the right candidate.
Position requires candidate must have:
· A minimum of two (2) years successful experience in evaluating merchant applications for payment processing services.
· Competency with correctly interpreting credit bureau reports, bank and financial statements.
· Familiarity with payment industry merchant guidelines and high risk business types.
· Experience reviewing merchant websites to consider Terms and Conditions, Refund Policies and true nature of business
· Be able to reviews & evaluate card-not-present and card-present merchant applications.
· Experience with determining a status after review of a merchant to approve, pend, and / or decline merchant accounts based on financial, compliance, and / or fraud risks.
· Experience communicating with sponsoring banks, inside sales, and outside sales.
· Experience preparing approval, pending, and / or decline updates and communicating status of accounts to respective sales channels.
· Experience reviewing merchant applications and files to ensure they are complete and ready for submittal to sponsoring bank.
Ideal candidate must have:
· An analytical mindset with the ability to make solid decisions that mitigate risk exposure to the company.
· A risk management / customer service back ground is highly preferred.
· Should have basic knowledge of bankcard industry and Visa & MasterCard rules, regulations, and procedures.
· The ability to read, interpret, and assess credit reports, financial statements, bank statements, and other financial data to determine liquidity and financial strength of merchants.
Work Remotely – No