Risk Assessment for Underwriter

About the Company

We are a merchant services provider for small to medium-sized businesses, offering state-of-the-art solutions as a single-source provider of electronic payment processing services. Our services encompass Point of Sale solutions, mobile applications, and loyalty programs. With approximately 3.75 million transactions processed each month, totaling roughly $145 million, we take pride in delivering top-notch service. Our multilingual sales force is available 24/7 to provide the best customer support.

Description

Job Description: Contract Underwriter

Salary Range: 200k to 300k

Location: Mall of Lahore

Working Hours: 7pm to 4am

Working Days: Mon-to-Fri

Position Overview:

We are seeking a skilled Contract Underwriter to join our team. The Contract Underwriter will be responsible for evaluating and underwriting various types of contracts to assess risk and ensure compliance with company policies and regulatory requirements.

Key Responsibilities:

• Review and analyze contract documents to assess risk factors and determine eligibility for underwriting.
• Evaluate financial statements, credit reports, and other relevant documents to make informed underwriting decisions.
• Assess the terms and conditions of contracts to identify potential risks and propose suitable modifications or amendments.
• Collaborate with internal stakeholders such as legal, sales, and risk management teams to gather necessary information and ensure compliance with company policies and procedures.
• Communicate underwriting decisions to relevant parties and provide explanations or recommendations as needed.
• Maintain accurate records of underwriting decisions, correspondence, and contract-related documentation.
• Stay updated on industry trends, regulatory changes, and best practices related to contract underwriting.

Qualifications and Requirements:

• Bachelor's degree in finance, business administration, or a related field.
• 4 to 5 years of Proven experience in contract underwriting or a similar role.
• Strong analytical and critical thinking skills.
• Excellent attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Proficiency in using underwriting software and other relevant tools.

Additional Skills (Preferred):

• Certification in underwriting or risk management.
• Familiarity with industry-specific regulations and compliance standards.