Underwriting Analyst

Autoscribe Corporation, a leader in payment processing since 1989, provides cutting-edge financial solutions to businesses nationwide. We are seeking a detail-oriented and analytical Underwriting Analyst to join our growing team. If you have a strong foundation in risk assessment, compliance, and data analysis, we want to hear from you!

Position Overview:
The Underwriting Analyst will play a critical role in evaluating merchant applications, monitoring account activity, and ensuring compliance with regulatory standards. This position requires a sharp analytical mind, a commitment to excellence, and the ability to manage risk effectively within the payment processing industry.

Key Responsibilities:

• Application Review and Approval:

  • Evaluate merchant applications, perform credit checks, and analyze financial statements.

  • Ensure compliance with internal policies, industry standards, and payment network regulations (e.g., NACHA, Visa, Mastercard).

  • Verify merchant category codes (MCCs) and maintain documentation for audits.

• Merchant Monitoring and Risk Assessment:

  • Monitor merchant activity, assess risk reports, and detect anomalies or suspicious behavior.

  • Analyze transaction data, chargeback ratios, and refund trends to identify potential risks.

  • Conduct annual merchant reviews for continued compliance.

• Risk Mitigation Strategies:

  • Develop and recommend action plans for high-risk merchants.

  • Propose corrective actions or account closures when necessary.

• Reporting and Documentation:

  • Generate detailed reports on underwriting decisions and merchant risk levels.

  • Maintain organized and accurate records to support regulatory audits and reviews.

Qualifications:

• Associate’s degree in Business, Finance, Accounting, Economics, or related field (or equivalent experience).

• 2-5 years of experience in underwriting, risk management, or compliance within payment processing or financial services.

• Proficiency in credit analysis, financial statement reviews, and fraud detection methodologies.

• Familiarity with payment industry regulations and MCCs.

• Advanced Microsoft Excel and data analysis skills.

• Strong communication, problem-solving, and interpersonal skills.

• Experience in Payment Processing, FinTech, or SaaS is a plus.

Work Schedule:

• Standard hours: Monday – Friday, 8:30 AM to 5:30 PM.

• No ongoing travel required.

Why Join Autoscribe?

• Competitive salary and benefits package.

• Opportunity to work with a collaborative and innovative team.

• Career growth and development opportunities within a trusted industry leader.