Junior Underwriter

You will be primarily responsible for reviewing incoming merchant applications, verifying the legitimacy of documentation, and ensuring that processing limits requested are in line with the merchant application and business type. You will analyze all aspects of the merchant application, calculating financial risk, and set merchant reserves limits. The ideal candidate will have knowledge in the merchant payments industry specifically credit underwriting.

Primary Objectives:

• Review and underwrite merchant processing applications
• Assess risk based on business type and expected volumes
• Review supporting documents for completeness and accuracy
• Review credit profiles and additional financials to support risk
• Review accounts while adhering to card brand policies, bank requirements and federal limitations.
• Analyze previous processing statements to determine Accuracy of volumes and potential exposures
• Make reserve recommendations
• Perform periodic reviews of existing accounts for volumes increases or changes to approved credit limits

Responsibilities:

• Underwrite merchant applications for payment processing
• Perform due diligence reviews on merchants and merchant applications.
• Maintain knowledge of card brand rules and regulations
• Work individually and with peers to help achieve beyond related sales and team goals
• Utilize strong call handling techniques in relation to sales support and merchant support calls
• Perform extensive reviews of documentation in response to merchant onboarding
• Coordinate site survey assessments for business validity and accuracy of merchant application information
• Determine solutions to minimize financial risk related to card acceptance
• Other duties as assigned.

Job Requirements:

• 1-3 years of experience in Payments or banking
• Underwriting experience in the credit card processing industry preferred
• Payments, and Banking Statement Financial knowledge preferred
• An understanding of the KYC and beneficial ownership requirements
• Excellent written and oral communication skills.
• Customer service oriented, ability to escalate & de-escalate situations
• Analytical mindset
• Detail oriented, able to multitask and prioritize

Job Type:

• Full-time / Hours 10am to 7pm M-F(shift per days may vary)

About Us

Beyond strives to simplify operations, reduce costs and streamline payments for small and mid-size business owners across the country. Every customer is provided with the reliable, flexible, and secure business solutions they need in a clear, transparent manner they can trust. We are committed to the highest level of technological innovation, contract terms and customer service—earning our customers’ business every day. Every employee is provided with the vital tools, resources and compensation needed to achieve success.

We will deliver results, tell the truth, and make a difference with a determination to transform the business world. Good is not nearly good enough. We go Beyond.

This job description provides many examples of the types of responsibilities required, but is in not intended to be a comprehensive list. The incumbent will complete other job responsibilities as needed which are not specifically described in this document.

Beyond is an equal opportunity employer to all employees and applicants without regard to race, color, religion, sex, national origin, age, disability or genetics. Beyond complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

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