Credit Underwriter

  • Paysafe
  • Cambridge, United Kingdom
  • Jul 28, 2017
Full time Risk

Job Description

Paysafe, a leading global provider of online payment solutions, is currently searching for a Credit Underwriter.

 

The ideal candidate will be responsible for underwriting merchants’ accounts to ensure mitigation of financial exposure and fraud as well as ensuring compliance with Card Scheme Rules.

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As a part of our Risk Management team, the chosen candidate’s primary responsibilities will be the following:

 

Responsibilities:

§ Analysis of business public record database inquiries, collateral collection and the development, documentation, and execution of standardized policy to ensure best business practices.

 

§ Co-development and adherence to best practices for Anti-Money Laundering and “Know Your Customer” policies.

 

§ Following established policies, evaluate the risk potential of merchants by fully understanding the merchants’ financial resources, source(s) of income, credit file, and expense liabilities, track all activity and produce summary reports on your progress.

 

§ Liaise with our merchants and internal departments and present case work to key management related to specific merchants.

 

§ Ensure compliance with governmental, bank, credit card and other payment companies or associations’ rules.

 

§ Be responsible for setting merchant risk parameters according to merchants’ historical volume and activity and credit risk exposure.

 

§ Research unusual situations and activity by internal means such as: chargeback review, authorization review, and reviewing application information.

 

Education and Qualifications

  • You bring a minimum of 2 years of relevant experience in underwriting, specifically in an online payment processing, e-commerce or banking environment.

 

  • You have experience of using business Credit Reference Agencies

 

  • You are meticulous and possess great attention to detail.

 

  • You possess strong organisational, analytical and communication skills as well as great problem solving and time management abilities.

 

  • You have the ability to work under pressure, independently or in a team.

 

  • You are self-motivated, diligent, resourceful, and can learn internal systems quickly.

 

  • You are highly proficient in MS Office, especially in Excel and have prior experience working with advanced formulas and tools used for more complex analysis.