Portfolio Underwriting & Risk Analyst I

The Bancorp; Sioux Falls (SD); On-site; USD 55,000 - 85,000; Full time

Job summary

The Bancorp is seeking an Underwriting and Portfolio Analyst I to support third-party payments relationships in the Fintech Solutions Division. The role conducts underwriting, risk assessment, and KYC-related reviews for merchants and clients, ensuring compliance with Visa, Mastercard, NACHA, and banking regulations.

The analyst will prepare narratives and maintain records, collaborate with cross-functional teams, and support ongoing client due diligence in a fast-paced environment.

Qualifications

• Undergraduate degree in finance, accounting, or related field, or equivalent combination of training and experience.
• 2 years of financial statement analysis, commercial underwriting, and portfolio review experience.
• Strong understanding of Know Your Customer requirements and BSA due diligence standards.
• Knowledge of payment brand rules including Visa, Mastercard, and NACHA.
• AML and BSA regulatory knowledge.
• Ability to read, understand, and review corporate financial statements, corporate tax returns, and business credit reports.
• Underwriting skills with the ability to quantify financial statement analysis and risk attributes.
• Strong working knowledge of risk calculation methodologies.
• Excellent verbal, written, and interpersonal communication skills.
• Ability and willingness to learn and use approved AI tools to improve productivity.

Responsibilities

• Third-party application and underwriting review for completeness against guidelines.
• Risk assessments with recommendations to mitigate unacceptable risk exposure.
• Support Know Your Customer activities and regulatory compliance.
• Document review findings and maintain audit-ready records.
• Prepare detailed narratives quantifying financial and operational risk.

Skills

Financial statement analysis

Underwriting

Risk assessment

Know Your Customer (KYC)

Regulatory compliance

Microsoft Office

Communication skills

Attention to detail

Time management

Education

Undergraduate degree in finance, accounting, or related field

Tools

Microsoft Office Suite (Excel, PowerPoint, Word, Outlook)

Job description

The Bancorp is seeking an Underwriting and Portfolio Analyst I to support third-party payments relationships in the Fintech Solutions Division. The role conducts underwriting, risk assessment, and KYC-related reviews for merchants and clients, ensuring compliance with Visa, Mastercard, NACHA, and banking regulations.

The analyst will prepare narratives and maintain records, collaborate with cross-functional teams, and support ongoing client due diligence in a fast-paced environment.