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    Sr Underwriting Analyst - Toronto, Canada - TEKsystems

    TEKsystems
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    Contract
    Description

    Description:

    We are looking to bring on a permanent hire or "contract to hire" underwriting analyst to support the Payments Solutions Team. This is a growing 4 person team primarily responsible for shadow underwriting ISO merchant applications, conducting due diligence on potential new clients and partners, preparing risk reviews for submissions to management, managing and mitigating the ongoing credit risk of issuing, acquiring, and De (Digital Enablement) client portfolios and assisting Management with tasks during peak times. They will be working closely with other departments such as Compliance, Fraud, Sales, Operations, and Product.


    •Manage existing credit-related policies and processes and assist with the development of future ones


    •Act as subject matter expert and provide credit risk related education to partners and internal teams


    •Review of new partner documents to ensure compliance and alignment with PTC policies.


    •Responsible for the shadow underwriting of acquiring ISO merchants and approve within delegated authority limit


    •Responsible for specific client underwriting and onboarding, and preparing risk reports for approval by management


    •Responsible for ensuring merchant acquiring ISOs and issuing and DE clients are providing items they are responsible for such as periodic reviews, updating policies and procedures, etc.


    •Liase with other teams such as Sales, Compliance, Fraud, Operations, and Product to develop and ensure alignment with process and work closely to accomplish tasks


    •Cross trained to provide backup coverage for Sr. Underwriting staff


    •Remain current on latest developments within industry and market trends to secure competitive advantage


    •Establish and maintain relationships with merchant ISO partners and issuing and DE Clients, provide World Class Service as it aligns with our vision


    •As needed, assist in Ad hoc Reporting, research and Analysis.


    •As needed, assist with event review and risk assessment

    Skills:

    Underwriting, risk, merchant service, credit risk, credit policy, iso merchant, underwriting, credit card

    Top Skills Details:

    Underwriting, risk, merchant service, credit risk

    Additional Skills & Qualifications:

    Must Haves;

    Post Secondary Education

    5+ years' Experience in underwriting, due diligence, credit adjudication or credit risk analysis

    Proven experience working with credit risk, financial and transactional data to discern trends, and provide recommendations (Financial statement analysis)

    Strong written and verbal communication.

    Well-versed in MS Suite including intermediate to advance excel

    *Experience above paired with one of the following;

    a. ) within merchant services (Moneris, Global Payments, TD Merchant Services)

    b.) within payments (FI's Payments team, or wire payments / swift team)

    c.) commercial underwriting within the banking experience (mid-market and small business)

    Nice to have

    -Experience in the payments industry

    -Experience vetting merchants (past exposure, credit score, material exposure, risk of delinquency, risk of failure) with a focus on merchant risk

    -Exposure to regulatory agencies and card associations ( Visa, Mastercard, Interac, AMEX, UnionPay)

    Soft Skills:

    -written and verbal

    -problem solving

    -self-starter / pro-active

    -not afraid to escalate

    Responsibilities; no change but majority of the role will be within;


    • Responsible for the shadow underwriting of acquiring ISO merchants and approve within delegated authority limit

    Experience Level:

    Intermediate Level

    À propos de TEKsystems:

    Nous sommes partenaires dans la transformation. Nous aidons les clients à activer des idées et des solutions afin de profiter d'un nouveau monde d'opportunités. Nous sommes une équipe solide de personnes, nous travaillons avec plus de 6 000 clients, dont 80 % faisant partie du Fortune 500, partout en Amérique du Nord, en Europe et en Asie. En tant que chefs de file de l'industrie des services technologiques complets, des services aux talents et des applications du monde réel, nous travaillons avec des leaders progressistes pour favoriser le changement. C'est le pouvoir d'un vrai partenariat. TEKsystems est une société du groupe Allegis.

    About TEKsystems:

    We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

    The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.



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