Job details

Sr. Underwriter

As an Sr. Underwriting analyst, you will review and analyze merchant applications to qualify their credit worthiness. The types of deals reviewed will range from low-risk small business applications to higher risk, higher volume deals. You will follow all Nuvei appropriate credit policies and ensure compliance with boarding guidelines to mitigate overall financial and reputational risk exposures. You will be actively engaged with the Loss Prevention and Sales teams to identify risk and market trends. The successful candidate will have credit/underwriting experience and knowledge, preferably within a payment processing environment.

Main Duties / Responsibilities

Verifies merchant application information, coordinating the collection of missing data and documentation. Analyzes and underwrites new merchant applications using different Underwriting tools Re-evaluate existing merchant accounts as requested by the other internal departments
Ability to underwrite high risk deals and those that require enhanced due diligence as well as financial/credit risk analysis.
Work with partners and merchants to ensure compliance with various industry requirements and communicate adequately underwriting decisions and associated policies.
Answer internal and external inquiries with regard to Underwriting issues
Contributes to regular staff meetings to discuss merchant accounts, trends, losses, etc. Present ideas to management for continuous improvement of procedures and efficiencies
Perform other tasks/duties as assigned

Associate degree required. Bachelor’ degree preferred.
3-5 years’ experience in Underwriting preferred.
Experience in bank or bankcard industry an asset.
Strong analytical skills, multitasking and good business sense.
Must be a disciplined self-starter and demonstrate integrity, dependability, responsibility, work ethic, self-awareness and a positive attitude.
Excellent written and verbal communication skills
Ability to work in a fast-paced environment
Specialized knowledge, skills, certifications and/or training
Ability to read and interpret personal and commercial credit reports
Ability to read and interpret tax returns and/or corporate financial statements
Working knowledge of the payments industry and understanding of Visa/MC association regulations and guidelines
Working knowledge of Microsoft Office, including Excel and Word

Nuvei offers a wide variety of benefits which include Medical, Dental, Vision, STD, LTD, Paid time Off, Sick Time, 401K and many other great benefits.

Nuvei perks also include:

Frequent training programs on new systems and platforms.

Free Virtual yoga, meditation and fitness classes, community involvement, and many social activities.
Employee recognition program and possibilities for advancement in various fields.
Modern, dynamic and great work environment

We’re dedicated to continually improving our product and providing relentless customer service, and we’re always looking for people to join us on the journey.

Nuvei is a team of smart, passionate people always looking to grow, contribute, and make our product and customer service the best it can be. Our team members come from diverse backgrounds with different skills and life experiences—and we love and celebrate those differences. We believe that employees are happiest when they’re empowered to be their full, authentic selves, regardless how you identify.

So, please come as you are. We can’t wait to meet you.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

Nuvei Glassdoor Company Review

4.0

Nuvei DE&I Review

3.9

CEO of Nuvei

Philip Fayer

Approve of CEO

Average salary estimate

$75000 / YEARLY (est.)

min

max

$60000K

$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr. Underwriter, Nuvei

At Nuvei, we’re on the lookout for a skilled Sr. Underwriter to join our dynamic team. As a Sr. Underwriter, you'll play a crucial role in our underwriting process by reviewing and analyzing merchant applications to assess their credit worthiness. Your day-to-day will involve examining a range of applications – from small, low-risk businesses to larger, higher-risk deals that require a keen eye and thorough understanding of compliance and risk management. You'll collaborate closely with our Loss Prevention and Sales teams to identify emerging trends and potential risks. Being a proactive and detail-oriented professional is key as you’ll coordinate the collection of necessary documentation and verify the accuracy of merchant application information. Alongside your underwriting responsibilities, you’ll have the opportunity to participate in regular team meetings where you can share insights and contribute to refining our processes. If you've got 3-5 years of underwriting experience, preferably in the payment processing sector, and possess strong analytical skills, we'd love to hear from you. Join Nuvei and be a part of a vibrant team that values diversity, integrity, and continuous improvement, all while offering fantastic benefits like comprehensive health coverage, professional development programs, and a thriving workplace culture. We can’t wait to welcome you aboard!

Frequently Asked Questions (FAQs) for Sr. Underwriter Role at Nuvei

What are the key responsibilities of a Sr. Underwriter at Nuvei?

As a Sr. Underwriter at Nuvei, your primary responsibilities include reviewing and analyzing merchant applications to determine credit worthiness, coordinating the collection of necessary data, utilizing underwriting tools to assess applications, and conducting re-evaluations for existing merchant accounts. Additionally, you'll be collaborating with internal departments, ensuring compliance with industry requirements, and addressing underwriting-related inquiries.