Underwriting Specialist
13 days ago
Houston
Job Description At Redstone Payment Solutions, we believe in the power of relationships, built on trust, honesty, and a commitment to delivering exceptional service. Since 1994, our family-owned business has been at the forefront of the payment processing industry, helping businesses grow by providing secure, cutting-edge solutions tailored to their needs. The Underwriting Analyst is responsible for collecting, analyzing, and entering merchant information to support sound business decisions regarding short-term funding. This role requires strong analytical ability, diligence, and collaboration across teams to ensure accurate decisions. Requirements Prescreening & Prequalification: • Enter merchant application data accurately into internal systems, • Retrieve and evaluate credit information from multiple credit sources, • Review and analyze bank statements and credit reports Underwriting Analysis & Decision-Making: • Assess all gathered information to determine business eligibility, • Identify whether sufficient information exists to make decisions, • Request additional documentation as needed, • Make and document decisions to properly status an application to pend, decline, or approve based on underwriting criteria, • Utilize the underwriting matrix and other company policies to guide decisions, • Exercise judgment using client data, credit bureau information, reference checks, and other third-party resources Collaboration & Communication: • Partner effectively with the underwriting and risk teams:, • Identify and report any questionable business activities to the appropriate departments, • Collaborate with merchants, ISOs, sales representatives, and internal operations teams Application & Account Review: • Conduct reference checks with outside vendors as required, • Perform quality assurance reviews post-transmission to ensure accuracy and completeness Additional Responsibilities: • Provide secondary support by answering and directing incoming phone calls, • Deliver excellent customer service to both internal and external partners, • Perform other duties as assigned to support departmental and organizational objectives Qualifications: • Associate or Bachelor’s degree, or equivalent combination of education and work experience, • Minimum of 3 years of experience in financial services, underwriting, or credit analysis, • Strong ability to interpret and analyze credit reports and financial data, • Exceptional diligence and accuracy in a demanding environment, • Proficient data entry and organizational skills with the ability to manage multiple priorities, • Elevated level of integrity and discretion when overseeing sensitive information, • Excellent problem-solving, analytical, and decision-making abilities, • Strong written and verbal communication skills, • Demonstrated initiative, ownership, and sense of urgency in achieving results, • Positive attitude with the ability to thrive in a dynamic environment Benefits Health and wellness: • Medical, dental, and vision insurance: Comprehensive medical, dental, and vision insurance plans with options for your dependents., • Retirement plan: 401(k) retirement savings plan with a company match., • Life insurance: Employer-paid life insurance policy., • Paid time off (PTO): Paid time off (PTO) plus paid sick leave and holidays.