Merrick Bank

The Underwriter II position entails the review of merchant accounts, analyzing merchant financial and activity risk, compliance with law and association rules, and other operational duties in the normal course of merchant acquiring business.. Underwrites prospective merchant accounts in accordance with the Merchant Services Policy and Card Brand regulations, which includes developing collateral structures for accounts when applicable.. Provides operational assistance as needed to the Merchant Services Department. Microsoft Access, Word, Excel, and Outlook experience is required.. Possess knowledge of the acquiring credit card business with respect to industry trends, business risk factors, merchant signing requirements, and other operational procedures associated with booking merchants.

underwriter ii

Merrick Bank employees share in our mission to delight our customers and empower underserved consumers to achieve their credit goals. In return, we delight our associates; ensuring they are noticed, heard, appreciated and understand the importance of their role(s). For over 20 years, our Guiding Principles of; doing the right thing, putting the customer first, and Earn, Learn, Have Fun (aka E.L.F.), have defined who we are as an Employer of Choice. Give Yourself Credit, Work at Merrick! The Underwriter II position entails the review of merchant accounts, analyzing merchant financial and activity risk, compliance with law and association rules, and other operational duties in the normal course of merchant acquiring business. This position is also responsible for relationship management and rapport building with ISOs as well as ad hoc projects, as deemed necessary by management. Essential Functions: <ul><li>Underwrites prospective merchant accounts in accordance with the Merchant Services Policy and Card Brand regulations, which includes developing collateral structures for accounts when applicable. </li><li>Re-underwrites previously boarded accounts.</li><li>Relationships management and rapport building with ISOs.</li><li>Monitors the overall quality and performance of individual ISO portfolios, assesses the risk associated with each portfolio, and makes recommendations to management related to each of the ISO portfolios.</li><li>Trains and mentors new ISOs to ensure compliance with Merrick Bank policies and procedures.</li><li>Provides operational assistance as needed to the Merchant Services Department</li><li>Compliance with Laws & Regulations: </li><li>Responsible for complying with all of the Bank's internal control policies and procedures.</li><li>Responsible for understanding and complying with all laws and regulations to which the Bank is subject.</li><li>Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.</li></ul> Education and Experience: <ul><li>Bachelor's Degree is required, four (4) years' experience accepted in lieu of education requirement.</li><li>Three (3) years of risk-related experience in the acquiring industry is required. </li></ul> Summary of Qualifications: <ul><li>Experience in analyzing financial statements is required</li><li>Detail-oriented and must have the ability to prioritize all tasks appropriately.</li><li>Microsoft Access, Word, Excel, and Outlook experience is required.</li><li>Possess knowledge of the acquiring credit card business with respect to industry trends, business risk factors, merchant signing requirements, and other operational procedures associated with booking merchants.</li><li>Specific knowledge of front and back-end systems and how to structure these systems to accommodate risk mitigation techniques for merchant accounts.</li><li>Communicate effectively, written and verbal. </li></ul> We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite. Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location. Our benefits offerings include medical, dental, vision, life insurance, 401(k) plan with company match, paid vacation time, sick time, as well as other benefits and programs to meet the needs of our employees. Further details will be shared during the interview or offer process, as appropriate and applicable. We are an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic. We will conduct a thorough background check for all hires in compliance with applicable law which includes (but may not be limited to) a review of factors including drug testing and employment/personal references. Other details <ul> <li> Pay Type Salary</li> </ul> Apply Now

START NEW SEARCH