Sr Underwriter

Job title: Senior Underwriter 

Reports to: Manager of Underwriting 

Department: Risk & Underwriting

Location: Hicksville, NY or Alpharetta, GA or Remote

Grade: 16

About Priority: 

Priority Technology Holdings, Inc. is a leading financial technology company on a mission to deliver a personalized, easy-to-adopt financial toolset that accelerates cash flow and optimizes working capital for businesses. Our vision is to eliminate the barriers to unlocking revenue - empowering businesses to grow faster and operate smarter.

We achieve this through the Priority Commerce Engine, an innovative platform that combines payables, acquiring, and banking and treasury solutions. This unified approach allows businesses to streamline financial operations, reduce unnecessary costs, and uncover new revenue opportunities.

At Priority, we're driven by results. We expect our people to be known for results - bringing expertise, momentum, and relentless focus to every challenge, helping our clients and each other thrive.

About the Role:

As a Senior Underwriter, you will evaluate and manage the risk exposure of large, complex merchant accounts by analyzing financial statements, banking data, processing history, and credit reports. You will apply Card Brand underwriting rules across various processing relationships, including merchants, payment facilitators, and marketplaces, to ensure compliance and sound risk decisions. This role requires performing comprehensive financial reviews, spreading financials, and preparing detailed credit packages for internal and external approval. You will take full ownership of the credit decisioning process, balancing customer needs with organizational risk tolerance. 

You will also negotiate approval structures such as reserves and ACH delays to mitigate risk while supporting revenue growth. In addition, you will provide training and guidance to junior underwriters and sales partners.

Responsibilities: 

• Own and manage the end-to-end credit and underwriting process for large, complex merchant accounts, making risk-based decisions in the best interest of both the organization and the customer.
• Evaluate overall merchant risk exposure by assessing business models, transaction volumes, processing structures, and potential liabilities.
• Ensure compliance with Card Brand underwriting rules and company policies across all card processing relationships, including Merchant, Payment Facilitator, and Marketplace models.
• Perform comprehensive financial analysis, including full financial reviews and spreading of financial statements, to assess a merchant’s ability to support processing risk.
• Analyze credit-related information such as banking data, processing history, and consumer and commercial credit reports to support underwriting decisions.
• Prepare detailed and well-supported credit packages for review and approval by internal stakeholders and external partners.
• Negotiate approval structures with merchants and partners, including reserves, ACH delays, and other risk-mitigation tools, to balance risk control and revenue growth.
• Provide ongoing training, mentorship, and guidance to junior underwriters and merchant sales channels to enhance underwriting knowledge and consistency.

What Success Looks Like:

• Success in this role means consistently making sound, well-documented underwriting decisions that effectively balance risk mitigation with business growth. 
• Large and complex merchant accounts are approved and structured in alignment with Card Brand rules, company policies, and the organization’s risk appetite. 
• Financial, credit, and processing analyses are thorough, accurate, and clearly communicated through high-quality credit packages. 
• Risk exposure is proactively identified and mitigated through appropriate approval conditions, negotiations, and monitoring. 
• The Senior Underwriter is viewed as a trusted subject-matter expert by internal partners, merchants, and external stakeholders. 

Candidate Requirements:

• 2-4-year College Degree with 5+ years of work experience in a related working field.
• Excellent management, communication, interpersonal, organizational and leadership skills. 
• Ability to communicate effectively both written and verbal.
• Attention to detail.
• Excellent organizational skills.
• Bank lending experience a plus.
• Ability to work in fast paced environment.
• Industry knowledge.
• Identifies and resolves problems in a timely manner; able to handle a situation under pressure and find a solution; uses reason even when dealing with emotional topics.
• Ability to receive and analyze data and input data into the computer.
• Must be able to receive and understand instructions, and carry out those instructions.

Work Environment & Culture:

We believe that performance and experience go hand in hand - an exceptional employee experience is earned through contribution. We are a results-driven team, grounded in our core values: ownership, authenticity, service, trust, innovation, and camaraderie.

Our culture is built for those who want to make an impact. We challenge each other to grow, celebrate progress, and support one another through shared goals and real connection. Whether you're building technology, serving clients, or supporting internal teams, you’ll be part of a company that empowers you to perform at your best and be known for results.

Compensation and Benefits:

Compensation range: $77,300 - $90,000
We invest in the whole employee - personally and professionally. Our benefits package is designed to support your well-being, growth, and success - both inside and outside of work.

Financial Wellness

• Bonus programs
• 401(k) match
• Employee Stock Purchase Program (ESPP)
• HSA and FSA options
• Financial wellness resources and employee discount programs

Health & Well-being

• Medical, dental, and vision coverage
• Mental health support for employees and dependents through Lyra Health
• Family planning and women’s health benefits through Carrot
• Gym membership reimbursement and virtual wellness programs (including yoga)

Time Off

• 3 weeks PTO to start, with unlimited PTO after year one

Growth & Development

• Education expense reimbursement
• Leadership development programs
• Certified Payments Professional (CPP) certification support

We believe great performance starts with feeling supported - and we’ve built our benefits with that in mind.

Traditional Physical Requirements:

• Requires prolonged sitting, standing, bending, stooping and stretching.
• Requires the ability to lift 10 pounds.
• Requires eye-hand coordination, manual dexterity and a normal range of hearing and vision (with or without correction).

Join our team at Priority Technology Holdings, Inc. and be part of a dynamic and innovative company that is transforming the financial technology landscape. Together, we can shape the future of payments and banking solutions while providing unmatched value to our clients.