Credit Underwriter II

Heartland Payment Systems - Lindon, UT

Full-time

Lindon, UT

Credit Intermediation and Related Activities

About the position

Every day, Heartland, a Global Payments Company, makes it possible for millions of people to move money between buyers and sellers using our products and unmatched services. Simply, we create meaningful technology centered experiences that enable our customers to prosper. If you want to work like an entrepreneur, support and serve entrepreneurs and bring your expertise to a dynamic team, then Heartland is for you. If it's in your nature to work with a passion to provide tangible solutions for everyone you interact with, then join us and let's see what we can do together. As a Credit Underwriter II, you will be responsible for processing and reviewing client credit applications. You will make recommendations in accordance with sound credit-granting principles and ensure compliance with Company, Sponsor Bank, and Legal policies and procedures. Your role will involve effectively interacting with merchants, Senior Underwriters, and Management to achieve timely adjudication of applications while limiting loss, assessing risk, and protecting the company against fraud and other risks. You will need to understand the risks associated with the payment processing industry, including fraud, credit, regulatory, and legal aspects. Proficiency in underwriting all new applications consistent with approved underwriting policies and guidelines is essential. You will verify all information provided on the merchant application and supporting documentation, ensuring it meets required standards. This may involve calling merchants to verify information when necessary. Your responsibilities will also include applying knowledge of fair lending issues, evaluating a variety of applications, and ensuring compliance with laws and corporate underwriting policies. You will need to understand, read, and interpret financial statements, tax returns, and other documentation, writing detailed reviews and performing analyses of company financial statements, cash flow, quality of assets and earnings, working capital, potential liabilities, and risks. Additionally, you will analyze all pertinent credit and financial information, demonstrating the ability to interpret and evaluate consumer credit bureau reports and other relevant data. You will provide recommendations on merchant applications and identify, document, and escalate deals that exceed your approval authority. Seeking alternative financing options or counter offers for merchants when necessary will also be part of your role. Effective communication of decisions, both verbally and in writing, is crucial, along with good listening and interpersonal skills. You will begin to understand niche markets and areas of expertise for the platform, with additional primary duties assigned as required.

Responsibilities

• Processes and reviews client credit applications.
• Makes recommendations in accordance with sound credit-granting principles and compliance with Company, Sponsor Bank and Legal, Policy and Procedures.
• Effectively interacts with merchants, Senior Underwriters and Management to achieve timely adjudication of applications.
• Limits loss, assesses risk, and protects the company against fraud and other risks.
• Understands the risks associated with the payment processing industry (Fraud, Credit, Regulatory, Legal, etc.).
• Demonstrates proficiency in underwriting all new applications consistent with approved underwriting policies and guidelines.
• Verifies all information provided on the merchant application and supporting documentation is correct and consistent with required standards.
• Calls merchants regarding their applications when needed to verify information.
• Applies good knowledge of fair lending issues, rules and various internal and external policies and regulations.
• Evaluates a variety of applications and ensures compliance with laws, bank regulation, corporate and divisional underwriting policies, procedures and standards.
• Understands, reads and interprets financial statements, tax returns and other similar documentation.
• Writes detailed reviews and performs analyses, including company financial statements, cash flow, quality of assets and earnings, working capital, potential liabilities and risks, and the impact of credit findings.
• Analyzes all pertinent credit and financial information, and demonstrates aptitude to interpret and evaluate consumer credit bureau reports, other reporting services, public records and bank files.
• Understands Credit findings to provide recommendations (approval, credit holds or declines etc.) on merchant applications.
• Identifies, documents and escalates to management those deals that are over an Underwriter II approval authority as defined by policy.
• Seeks alternative means of financing or counter offers for all merchants/clients when it is determined that the original request cannot be accommodated.
• Communicates decisions effectively in both verbal and written communication.
• Digitally files paperwork.
• Demonstrates good listening, interpersonal and team working skills.
• Begins to understand niche markets and areas of expertise for the platform.

Requirements

• Bachelor's Degree in Finance or Accounting or combination of a related degree and experience (Collections, Accounting, Underwriting, Credit Banking, Finance, Mortgage, Etc.).
• Typically minimum 2 years relevant experience in finance/accounting, credit, risk or equivalent experience in a related field required.
• Strong understanding of and ability to read financial statements, tax returns and other similar documentation.
• The ability to understand restricted industry requirements and nuances and make sound decisions.

Nice-to-haves

• Developing professional expertise, applies company policies and procedures to resolve a variety of issues.
• Works on problems of moderate scope where analysis of situations or data requires a review of a variety of factors.
• Exercises judgment within defined procedures and practices to determine appropriate action.
• Builds productive internal/external working relationships.