Jr Underwriter at Shift5

Center Valley, Pennsylvania, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, PaymentsIndustries

Requirements

High school diploma or equivalent
Minimum 2 years underwriting and/or risk management experience
Banking experience a plus
Experience with Microsoft Office Suite, Google Suite
Experience in analyzing financial statements and processing history
Strict attention to detail
Excellent listening, written, and verbal communication skills
Problem solving and critical thinking ability to make a business decision
Self-starter and able to handle multiple tasks in a fast-paced environment

Responsibilities

Conduct due diligence reviews of applications, ensuring accuracy and completeness
Validate documents provided with new applications using online publications and resources
Manage your hold queue and request docs when necessary
Stay current with sponsoring bank requirements and risk trends
Review incoming merchant applications in accordance with Internal Compliance and Underwriting Policies (16-20 daily)
Assess application package and ultimately recommend approval or decline
Daily review of incoming merchant applications including: ensuring packages contain all required documents, KYC, business history review, business type and billing model risk evaluation, reviewing third party underwriting tools
Review and analyze credit and financial reports, financial statements, balance sheets, tax returns, etc
Prepare written summary analysis of applicant information in accordance with the department procedures
Apply appropriate underwriting criteria to applications in accordance with published credit policy to ensure financial exposure is appropriately mitigated
Utilize skills in problem identification, analysis, and resolution using available resources to accomplish duties
Review merchant applications to make sure all the necessary information is present both on paperwork and website
Review applications with risk management and make applicable recommendations for approval or denial
Assist in the completion of weekly and monthly reports
Ensure all work in queue is completed on a daily basis

Skills

Key technologies and capabilities for this role

KYCUnderwritingDue DiligenceRisk AssessmentCompliance ReviewDocument ValidationMerchant Onboarding

Questions & Answers

Common questions about this position

What is the salary for the Jr Underwriter position?

This information is not specified in the job description.

Is this Jr Underwriter role remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Jr Underwriter role?

Experience with Microsoft Office Suite and Google tools is required. Key skills include conducting due diligence, KYC practices, analyzing financial reports and credit data, problem identification and resolution, and attention to detail for reviewing merchant applications.

What is the company culture like at Shift4 for this role?

Shift4 seeks driven, self-sufficient, highly motivated individuals who hold themselves to high professional standards and maintain cooperative, diplomatic relationships. Employees must work collaboratively as a team, meet tight deadlines, and handle competing priorities.

What makes a strong candidate for the Jr Underwriter position?

Strong candidates demonstrate drive, self-sufficiency, motivation, professionalism, strong interview performance, relevant prior experiences, solid knowledge, and positive references. They excel in teamwork, collaboration, meeting productivity and quality standards under tight deadlines.

Shift5

Observability platform for operational technology

About Shift5

Shift5 offers an observability platform that focuses on cybersecurity and data analytics for operational technology (OT) in defense and transportation sectors. The platform collects and analyzes data from onboard systems, such as buses and weapon systems, and is protocol-agnostic, allowing it to adapt to various data communication protocols. By providing real-time insights, Shift5 helps clients improve safety, maintenance scheduling, and threat detection. The company's goal is to enable better decision-making to enhance the reliability and performance of their fleets.

Kansas City, MissouriHeadquarters

2019Year Founded

$104.1MTotal Funding

SERIES_BCompany Stage

Data & Analytics, CybersecurityIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

401(k) Retirement Plan

401(k) Company Match

Employer-paid Life and Disability Insurance

Risks

Emerging OT cybersecurity startups could threaten Shift5's market share.

Rapid evolution of cyber threats may outpace Shift5's technological capabilities.

Economic downturns could lead to reduced budgets for cybersecurity solutions.

Differentiation

Shift5 offers a protocol-agnostic platform adaptable to any data communication protocol.

The company provides real-time, data-driven insights for defense and transportation sectors.

Shift5's platform enhances safety, availability, and resilience of operational technology assets.

Upsides

Growing demand for cybersecurity in transportation due to rising cyber threats.

Increased interest in predictive maintenance technologies to reduce costs and improve reliability.

U.S. Department of Defense's focus on cybersecurity presents opportunities for Shift5.

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