Job Description
Who Are We?
MerchantE is an innovative, technology-focused company providing a full-service platform to support the payment processing needs for merchants of all sizes, including small business retail shops, B2B wholesalers, and global eCommerce enterprises. We partner with financial institutions, software developers, independent sales organizations, and agents to bring our solutions to market.
Why Join Us?
Were growing and were looking for collaborative, innovative, and hard-working individuals to grow with us! We offer a modern and inspiring work environment (including a game room and free snacks!) where your ideas and contributions are valued. Come experience, first-hand, the impact of your contributions.
The Opportunity:
The Credit and Portfolio Manager is responsible for assessing, managing, and mitigating portfolio exposure through the analysis of financial statements, processing trends and patterns, and review of public and non-public merchant data.
Essential Duties and Responsibilities:
- Responsible for assessing, managing, and mitigating portfolio exposure through the analysis of financial statements, processing trends and patterns, and review of public and non-public merchant data. Perform ongoing formal periodic reviews and write ups for all merchants deemed high-risk.
- Responsible for monitoring the Companys high-risk portfolio.
- Provide guidance to internal bodies on high level credit decisions.
- Responsible for performing comprehensive onboarding & periodic reviews of third-party agents (agent banks, referral partners, Independent Sales Organization/ISO relationships).
- Present and defend credit decisions to higher credit authorities, credit committee, sponsoring units, and audit bodies. Participate in credit committee meetings and external audits.
- Review and assess other client risks beyond credit risk (reputational, regulatory, and compliance risk)
- Apply and enforce company policies within the organization and ensure clients remain in compliance with Card Brand rules (Visa/MasterCard), regulatory, and Sponsor Bank rules.
- Collaborate with other functional areas of the organization in an effort to minimize potential loss, and to implement risk mitigating strategies while promoting portfolio growth.
- Other duties may be required as needed.
- Some travel may be required <10%.
Qualifications:
- Degree in a quantitative discipline (i.e. finance, accounting, economics) preferred.
- Merchant Services or Payment industry experience preferred.
- Knowledge of Visa/Master Card rules and regulations preferred.
- Minimum of 5 years of experience within Risk or Underwriting
- Previous Supervisory experience within Underwriting or Risk Management
- Minimum of 5 years of credit risk experience and knowledge of financial principles/procedures. Ability to apply credit and risk principles toward business objectives.
- Strong understanding of commercial and consumer lending principles
- Strong understanding and dissemination of financial statements.
- Strong understanding of bureau information, score calculation, score attributes and validations.
- Excellent written and verbal communication skills
- High level of experience with Excel, PowerPoint and Word
- Client service mentality
- Superior analytical abilities.
- Ability to quickly learn/grasp new ideas and concepts
- Detail oriented and reliable-must be able to take instruction but function independently
- High level of organizational skills with the ability to multitask.
- Ability to work at a rapid pace and meet deadlines
- Experience communicating with management teams at all levels
- Initiative and creativity with a passion to deliver results
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