Credit Underwriter I

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.

Pay: $43,888/YR

Schedule: M-F 9AM-6PM, on-site

Benefits include:

PTO, Sick Pay, Holiday Pay, Floating Holidays, Volunteer

Excellent Health Plans

Tuition Reimbursement

401(k) match

On-site gym

On-site daycare

On-site cafes

Excellent room for growth!

Summary of This Role

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, sales representatives, Senior Underwriters and Management to achieve timely adjudication of applications and in limiting loss, assessing risk, and in protecting the company against fraud and other risks.

What Part Will You Play?

• Risk Calculation Approval Limit is generally $50,000 for Underwriter I, in accordance with the US Credit Policy.

• Understand the risks associated with the payment processing industry (Fraud, Credit, Regulatory, Legal, etc.)

• Learns, Maintains and applies knowledge of fair lending issues, rules and various internal and external policies and regulations in Underwriting processes of new merchant applications.

• Verify all information provided on the merchant application and supporting documentation is correct and consistent with required standards.

• Call merchants regarding their applications when needed to verify information.

• Read, interpret and analyze credit reports, financial statements, bank files, tax returns, other similar documentation and public records.

• Analysis of all pertinent credit and financial information to assess degree of risk and creditworthiness of prospective merchants.

• Ensure compliance with laws, bank regulation, corporate and divisional underwriting policies, procedures and standards.

• Provide recommendations (approval, credit holds or declines etc.) on merchant applications and identify, document and escalate to management those deals that are over an Underwriter 1 approval authority as defined by policy.

• Communicate decisions effectively in both verbal and written communication.

• Demonstrate good listening, interpersonal and team working skills.

• Work with Sr. Underwriters to seek alternative means of financing or counter offers for all merchants/clients when it is determined that the original request cannot be accommodated.

• Additional primary duties will be assigned as required

What Are We Looking For in This Role?

Minimum Qualifications

• Bachelor's Degree in Finance or Accounting and 1+ years related experience and/or training; or equivalent combination of education and experience in a related field (Collections, Accounting, Underwriting, Credit Banking, Finance, Mortgage, Etc.). .

• Typically no related experience required

Preferred Qualifications

• Previous knowledge of the payment processing industry is preferred.

• Previous experience with Salesforce preferred

• Working knowledge of business financial statement analysis and review of tax returns preferred.

• Working knowledge of credit policies, procedures, principles and philosophy preferred

What Are Our Desired Skills and Capabilities?

• Skills / Knowledge

• Learns to use professional concepts. Applies company policies and procedures to resolve routine issues.

• Job Complexity

• Works on problems of limited scope. Follows standard practices and procedures in analyzing situations or data from which answers can be readily obtained. Builds stable working relationships internally.

• Supervision

• Normally receives detailed instructions on all work.

Heartland is an equal opportunity employer. Heartland, a Global Payments Company, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including pregnancy), national origin, ancestry, age, marital status, sexual orientation, gender identity or expression, disability, veteran status, genetic information or any other basis protected by law. Those applicants requiring reasonable accommodation to the application and/or interview process should notify a representative of the Human Resources Department.