ClarityPay · 1 month ago
Director / VP Head of Merchant Underwriting
New York City
Full-time
Onsite
Mid, Senior Level
$175K/yr - $200K/yr
7+ years expClarityPay is a fast-growing fintech company focused on solving complex credit challenges for enterprise merchants. The VP/Director of Merchant Underwriting will manage the intersection of commercial growth and risk, overseeing the underwriting process to mitigate financial risks associated with merchant insolvency and operational failure.
Financial Services
Responsibilities
Own the underwriting framework for merchant acquiring risk
Design policies to assess a merchant’s financial health and stability
Devise industry-leading practices to mitigate identified risks
Create and enforce specific covenants, holdback structures, and delayed settlement schedules
Lead the engagement with merchant teams to verify financial data, validate business claims, and quantify operational risks
Drive the due diligence process to uncover hidden liabilities
Utilize extensive data analytics and financial modeling to forecast potential loss scenarios
Build the models that quantify our exposure and determine appropriate credit limits
Play a central role in deal teams, working closely with Commercial, Legal, and Credit Risk leadership
Devise and implement ongoing monitoring mechanisms
Track merchant health post-onboarding to identify deteriorating trends early
Build and mentor a high-performing underwriting team
Qualification
Required
7-10+ years of experience in Merchant Underwriting, Commercial Credit Risk, and/or Counterparty Risk Management, preferably within the Payments, Acquiring, or Lending space
Proficiency in SQL for data extraction and querying
Experience using Python for statistical risk modeling and financial analysis
Comfortable tearing apart financial statements (P&L, Balance Sheet, Cash Flow) to assess liquidity and solvency
Proven experience in creating and enforcing covenants, collateral requirements, and risk mitigation solutions
Track record of balancing risk vs. reward
Exceptional ability to lead nuanced conversations with senior stakeholders (internal and external)
Experience building teams or frameworks from the ground up
Comfortable working in a fast-paced, high-growth environment
Preferred
Experience leveraging Generative AI tools to scale analysis
Skilled in prompt engineering and know how to utilize LLMs to rapidly extract key insights from large volumes of unstructured documents (financial reports, contracts, earnings calls) to accelerate decision-making
Benefits
Comprehensive benefits (medical, dental, vision)
401k program
Company
ClarityPay
ClarityPay is a financial services technology company that offers installment loans to consumers at the point of sale.
11-50 employees
H1B Sponsorship
ClarityPay has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (3)
2024 (2)
Funding
Current Stage
Early StageTotal Funding
unknownKey Investors
TTV CapitalOutpost Ventures
2025-07-30Series Unknown
2024-06-01Series Unknown
Recent News
Payments Dive
2025-11-01
2025-10-02
2025-07-31
Company data provided by crunchbase