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Esquire Bank · 7 hours ago

Merchant Services Underwriting Analyst

Jericho, NY

Full-time

Onsite

Entry Level

$55K/yr - $70K/yr

1+ years exp

Esquire Bank is seeking a Merchant Services Underwriting Analyst to manage the daily disposition of merchant applications. The role involves reviewing applications for credit and debit card acceptance, making approval decisions, and ensuring compliance with relevant regulations.

BankingFinanceFinancial Services

Responsibilities

Perform data entry and perform quality controls on submitted merchant applications

Review accounts submitted by ISO and agent partners in accordance with the Bank's merchant policies. Those meeting pre-approval criteria are reviewed for concurrence and signed noting Bank acceptance. Applications above pre-approval thresholds or which do not meet the pre approval criteria are analyzed. Analyst renders a recommendation to approve or decline within authority levels granted in the merchant policies and provides recommendation to management

Recommend risk mitigation techniques to minimize financial loss exposure to the Bank when creating and/or approving proposed risk structures for a merchant account

Work with underwriters at ISOs and risk managers to manage the risk structure imposed on accounts. Share industry knowledge

Provide operational assistance as needed to the Merchant Services Department including review of merchant transaction activity when it exceeds certain criteria as established at the time of underwriting

Track and follow up on status of all pending accounts weekly to ensure accounts are not processing without proper approval

Provide various reporting to management

Perform other duties and projects as assigned

Ensure that all activities are performed in compliance with federal, state and Bank Secrecy Act regulatory requirements

Qualification

Merchant underwriting experienceFinancial statement analysisRisk analysis knowledgeMicrosoft AccessMicrosoft ExcelDetail-orientedPrioritization skillsDeadline managementEffective communication