Leads underwriting for new and renewal business, ensuring compliance and risk assessment for Great American Insurance Group. Develops models and maintains strategic partnerships in the underwriting process.
About the role
- Senior Underwriting Specialist responsible for evaluating merchants and ensuring compliance with AML and Risk standards. Collaborating with sales and onboarding teams in a hybrid work environment.
Responsibilities
- Collaborate with the onboarding and sales teams to collect, review and provide feedback on Merchants Onboarding documentation and requirements according to the AML and Risk requirements.
- Communicate with Merchants in case needed to resolve pending onboarding tasks
- Perform merchants’ renewals according to the AML and Risk requirements
- Resolve screening results from screening, website crawling and ID verification vendors.
- Review AML, Risk Fraud and onboarding Flags and proceed to solving them based on the department’s manual or escalate to the Head of UW as needed.
- Communicate with Merchants and the sales/onboarding teams for the onboarding requirements and the on-going review of the account
- Communicate with the AML and Risk teams for escalations, clarifications and approvals as needed.
- Perform reporting on a regular and ad hoc basis
- Perform partners Due Diligence according to the department’s manuals
- Review Risk and AML scoring results and assign the relevant categorization to the clients following the Onboarding and AML procedures
- Perform Fraud, Chargeback and Rolling Reserve Analysis to assess the Risk Level of a prospective merchant
- Perform website reviews according to the Card Schemes, AML and Risk requirements
- Perform website traffic review and plausibility checks to assess the level of Risk of a Merchant and suggest rejection/approval to the Head of UW and/or the Risk/AML Departments.
- Collect and review the financial statements or management accounts of the prospective merchants to identify critical ratios and items as instructed on the UW manual.
- Access the Registrar of companies of several countries to obtain documentation for the prospective or existing Merchants
- Work closely with the RnD and Product teams for system feature requests, improvements, QA and requirements
- Follow the existing procedures and suggest improvements based on merchants’ and interdepartmental feedback
- Fill ISR reports where relevant
- Keep clients records up to date
- Assist with departments projects as needed.
Requirements
- At least 3 years of experience in a similar role in a regulated financial institution
- Experience in the Payments Industry will be considered a big advantage
- Prior experience of underwriting corporate legal entities is a must either from the Risk or the AML perspective
- AML or Risk Certifications will be considered an advantage
- Team player
- English at a fluent or native level
- Excellent Communication skills
- Attention to Detail
Benefits
- Flexible working hours
- Balance work between the office and home
- Homemade Lunch Mon-Thu and happy hour on Fridays
- Medical Insurance after the probation period
- Provident Fund after the probation period
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
No Education Requirement
Location requirements
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