[Hiring] Senior Underwriter @Priority Technology Holdings, LLC

Role Description

As a Senior Underwriter, you will independently evaluate and manage the risk associated with large, complex merchant accounts through in-depth analysis of financial statements, banking data, processing history, credit reports, and other relevant information. You will exercise independent judgment in assessing complex or non-standard risk scenarios, determining appropriate underwriting strategies and controls, and applying Card Brand underwriting requirements across a variety of processing relationships, including merchants, payment facilitators, and marketplaces.

• Lead comprehensive financial reviews, including spreading financials and preparing detailed credit packages for internal and external approval.
• Evaluate available options, make recommendations and decisions within delegated authority, and structure approvals in alignment with the organization’s risk appetite.
• Develop and negotiate risk mitigation strategies, including reserves, ACH delays, and other approval conditions.
• Provide guidance to management, Sales, Operations, and other internal stakeholders on complex credit and risk matters.
• Support the development of the broader underwriting team by providing training and guidance to junior underwriters and sales partners.

Qualifications

• Bachelor’s degree or equivalent combination of education and experience, with 5+ years of relevant underwriting, credit, risk, payments, or financial services experience.
• Experience interpreting and applying underwriting policies, Card Brand requirements, and risk-management standards to complex and non-standard situations.
• Demonstrated ability to analyze complex financial, credit, operational, and transactional information.
• Ability to assess significant financial and operational risk and balance competing business considerations.
• Ability to negotiate and structure risk-mitigation solutions.
• Ability to provide expert guidance and recommendations to management and business partners.
• Ability to work independently with limited supervision and manage complex assignments.
• Demonstrated experience identifying fraud trends and sophisticated fraud indicators.
• Strong communication, interpersonal, organizational, problem-solving, and leadership skills.
• Ability to effectively manage priorities and make sound decisions in a fast-paced environment.
• Strong knowledge of the payments, merchant acquiring, credit, or financial services industry.
• Banking and/or credit card issuing experience preferred.
• Excellent management, communication, interpersonal, organizational, and leadership skills.
• Attention to detail and excellent organizational skills.

Requirements

• Strong knowledge of the payments, merchant acquiring, credit, or financial services industry.
• Ability to communicate effectively both written and verbal.
• Attention to detail.
• Ability to work in a fast-paced environment.

Benefits

• Compensation range: $75k - $102k
• Financial Wellness:
  • Bonus programs
  • 401(k) match
  • HSA and FSA options
  • Financial wellness resources and employee discount programs
• Health & Well-being:
  • Medical, dental, and vision coverage
  • Mental health support for employees and dependents through Lyra Health
  • Family planning and women’s health benefits through Carrot
  • Gym membership reimbursement and virtual wellness programs (including yoga)
• Time Off:
  • 3 weeks PTO to start, with unlimited PTO after year one
• Growth & Development:
  • Education expense reimbursement
  • Leadership development programs
  • Certified Payments Professional (CPP) certification support

Company Description

Priority Commerce is a leading financial technology company on a mission to deliver a personalized, easy-to-adopt financial toolset that accelerates cash flow and optimizes working capital for businesses. Our vision is to eliminate the barriers to unlocking revenue - empowering businesses to grow faster and operate smarter.

We achieve this through the Priority Commerce Engine, an innovative platform that combines payables, acquiring, and banking and treasury solutions. This unified approach allows businesses to streamline financial operations, reduce unnecessary costs, and uncover new revenue opportunities.

At Priority Commerce, we're driven by results. We expect our people to be known for results - bringing expertise, momentum, and relentless focus to every challenge, helping our clients and each other thrive.