The Underwriting and Portfolio Analyst I is responsible for assisting in the evaluation of financial, control and operational risk associated with commercial entities engaged in Merchant Acquiring, ACH and Card Issuing Activities sponsored by the bank. Assists the Bank's third parties to satisfy the Bank's oversight requirements for payments relationships, assists in identifying imprudent risks and maintains a safe credit framework for the Fintech Solutions Payment Products Division. Performs a variety of routine to more complex activities to support the Know Your Customer (KYC) program. This role will focus on performing updated analysis to support the periodic review process attributable to an existing client base.

Essential Functions

Reviews Third-Party Merchant Card Processing and ACH Applications for completeness and consistency with the underwriting guidelines. Reviews a combination of daily onboarding files, monthly & annual sampling files or merchant applications, and requests supporting documentation from clients to ensure acceptability with the Bank's polices, standards and guidelines. Tracks and follows up on missing or incomplete items to ensure prompt client responses. Conducts research and provides advice on new customer due diligence and know your customer activities.
1. Performs basic to more complex enhanced due diligence (EDD) reviews on all assigned clients utilizing a risk- based approach.
2. Understands how third-party business models work for underwriting activities. Participates in credit report review, less complex financial statement analyses and due diligence checks on clients.
3. Assesses risk exposures and makes informed decisions on acceptability of companies and their business models. Provides recommendations to mitigate unacceptable risk exposure for new and ongoing relationships.
4. Performs financial analysis and underwriting for covered business types and enterprise client relationships.
5. Compiles detailed written narratives quantifying financial and operational risk review results with accompanying recommendation to the Director Head of Fintech Operations and/or applicable approval committee.
6. Documents all review findings in the appropriate databases including all pertinent facts and information to support the result in accordance with departmental procedures.
7. Maintains highly accurate up-to-date records, files, and timetables for future actions and follow-up activities.
8. Conducts all underwriting and review activities in accordance with the company's policies, ACH program standards and operating procedures.
9. Maintains awareness of rules and regulations applying to Visa/MasterCard Merchant Accounts, NACHA Rules, and banking regulations to ensure compliance.
10. Performs a variety of routine to more complex activities to support the Know Your Customer (KYC) program.
11. Performs other duties as assigned.

Education/Experience Requirements

• Undergraduate degree in finance, accounting, related field or an equivalent combination of training and experience.
• 2 years of financial statement analysis, commercial underwriting, and portfolio review experience.

Preferred Requirements

• Ability to read, understand and perform reviews of corporate financial statements, corporate tax returns and business credit reports.
• Underwriting skills with the ability to compile written narratives to quantify financial statement analysis and risk attributes.
• Possesses a strong customer service focus with meticulous attention to detail.
• Capacity to manage multiple priorities in a fast-paced environment with tight deadlines.
• Excellent verbal, written and interpersonal communications kills.
• Outstanding problem solving and issue resolution skills.
• Strong understanding of KYC (Know Your Customer) requirements and BSA due diligence standards.
• Knowledge of Payment Brand (Visa/MasterCard and NACHA) rules.
• Strong working knowledge of risk calculation methodologies.
• AML and BSA regulatory knowledge.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.
• Ability to travel 5% of the time.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: click here

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

#LI-BA1

#LI-Hybrid