Visa - Lehi, UT

posted 5 months ago

Full-time - Mid Level
Hybrid - Lehi, UT
Credit Intermediation and Related Activities

About the position

The Credit Underwriter for Mid-Market/Enterprise at Visa is a pivotal role that requires a deep understanding of the Bundled Acquiring services. The selected candidate will become an expert in this area and will serve as a key resource for cross-functional teams. The primary responsibility is to apply appropriate underwriting criteria to prospective merchant applications, ensuring that financial exposure is mitigated in accordance with Visa's credit policy. This role is essential in supporting the overall business needs by ensuring that the Underwriting group makes quality credit decisions within the established Service Level Agreements (SLAs). In addition to underwriting new merchants for both the Enterprise and Small Business platforms, the Credit Underwriter will collaborate closely with Sales and Acquiring Partners to provide a seamless experience for prospective merchants. This includes performing periodic reviews of existing merchants to manage overall risk effectively. The role also involves working with Sales and Account Management to gain a quantitative and qualitative understanding of merchants' acceptance costs and processing effectiveness. The Credit Underwriter will take an active role within CyberSource, identifying and recommending process or policy changes to enhance the effectiveness of the group. Furthermore, the individual will contribute to ongoing projects for the Bundled Acquiring Group as needed. This position is hybrid, allowing employees to alternate between remote work and office presence. Employees in hybrid roles are expected to work from the office 2-3 set days a week, with a general guideline of being in the office 50% or more of the time based on business needs.

Responsibilities

  • Apply appropriate underwriting criteria to prospective merchant applications in accordance with credit policy to ensure financial exposure is appropriately mitigated.
  • Support overall business needs by ensuring Underwriting group makes quality credit decisions within published SLAs.
  • Underwrite merchants for both our Enterprise and Small Business platforms.
  • Team with Sales and Acquiring Partners to provide a seamless experience to prospective merchants.
  • Perform periodic reviews of existing merchants to manage overall risk.
  • Work with Sales and Account Management on understanding merchant's acceptance costs and processing effectiveness.
  • Identify and recommend process/policy changes within CyberSource to enhance group effectiveness.
  • Contribute to ongoing projects for the Bundled Acquiring Group as needed.

Requirements

  • 2 or more years of work experience with a bachelor's degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)
  • 3 or more years of work experience with a bachelor's degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
  • 3-5 years' experience with credit underwriting.
  • Previous experience with Merchant Acquiring or Credit Card processing is a plus.
  • Expert knowledge and experience with financial analysis, including the ability to review and understand financial statements of both small- and large-sized companies.
  • Excellent quantitative and Excel skills.
  • Strong written and verbal communication skills.

Nice-to-haves

  • Signing authority over risk exposure commensurate with job level and product offering.
  • Comfortable with and influential on outbound calls and in engaging with internal and external parties at all levels of an organization.
  • Bachelor's degree in finance, Economics or Accounting (or 5 years of relevant experience).

Benefits

  • Wellness program
  • Health savings account
  • Health insurance
  • Dental insurance
  • 401(k)
  • Flexible spending account
  • Paid time off
  • Vision insurance
  • Life insurance
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