November 1, 2024

Dynamics Payments, LLC

San Juan

FULL TIME

Junior Underwriter

Basic Function:

The primary focus of the Junior Underwriter is to review, analyze, and make confident decisions and recommendations for merchant applications. The underwriter must be able to perform a KYB/KYC/AML review of all businesses and personal verification using Giact, Lexis Nexis, MATCH, and Experian. Each submitted merchant application will be reviewed for grammatical errors, completeness, and accuracy. All documents submitted to underwriting must be valid, current, and legible, the underwriter must pay attention to detail. Underwriters must know how to maintain client relationships and provide good customer service.

Principal Responsibilities:

Perform data entry and perform quality controls on submitted merchant applications.
Review accounts submitted by ISO and agent partners under the Bank's merchant policies. Those meeting pre-approval criteria are reviewed for concurrence and signed noting Bank acceptance. Applications above pre-approval thresholds or which do not meet the pre-approval criteria are analyzed. The analyst renders a recommendation to approve or decline within authority levels granted in the merchant policies and provides recommendations to management.
Recommend risk mitigation techniques to minimize financial loss exposure to the Bank when creating and/or approving proposed risk structures for a merchant account.
Work with underwriters at ISOs and risk managers to manage the risk structure imposed on accounts. Share industry knowledge.
Provide operational assistance as needed to the Merchant Services Department including review of merchant transaction activity when it exceeds certain criteria as established at the time of underwriting.
Track and follow up on the status of all pending accounts weekly to ensure accounts are not processed without proper approval.
Provide various reports to management monthly, or as needed per business requirement.
Perform other duties and projects assigned by management.
Ensure that all activities are performed in compliance with the federal, state, and Bank Secrecy Act regulatory requirements.
Develops, mentors, and establishes relationships with less tenured staff through training, auditing, coaching, and feedback.
Establishes and maintains account guidelines when making decisions and adheres to high standards of quality.

Background & Experience:

1-2 years prior merchant underwriting experience.
Track record of delivery and ability to prioritize own work.
Strong communication, presentation, and team-building skills.
Experience in analyzing financial statements and understanding merchant processing statements.
BA or BS in business or equivalent experience preferred.
Detail-oriented and must have the ability to prioritize all tasks appropriately.
Experience with computer skills: Microsoft Access, Word, Excel, Outlook, and Internet savvy.
Communicate effectively orally and in writing.
Possess knowledge of the acquiring credit card business concerning fraud and risk analysis.
Position demands extensive, high-level analysis in the underwriting of individual accounts.
Ability to consistently meet deadlines.

Dynamics Payments LLC is proud to be an Equal Opportunity Workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.
Job Type: Full-time
Benefits: