ClarityPay · 1 month ago
Director / VP Head of Merchant Underwriting
New York, NY
Full-time
Onsite
Mid, Senior Level
$175K/yr - $200K/yr
7+ years expClarityPay is a fast-growing fintech company that empowers enterprise merchants with innovative pay-over-time solutions. The VP/Director of Merchant Underwriting will manage the critical intersection of commercial growth and merchant acquiring risk, ensuring the company's financial integrity while developing and implementing underwriting strategies to mitigate counterparty risk.
Financial Services
Responsibilities
Merchant Acquiring & Counterparty Risk Strategy: Own the underwriting framework for merchant acquiring risk. You will design policies to assess a merchant’s financial health and stability, ensuring we are protected against chargebacks and disputes in scenarios where a merchant may go out of business or become insolvent. This includes due diligence as it relates to CFPB and AG related actions
Deal Structuring & Risk Mitigation: Move beyond binary approvals/declines to engineer solutions. You will devise industry-leading practices to mitigate identified risks, creating and enforcing specific covenants, holdback structures, and delayed settlement schedules that align with our risk appetite
Due Diligence & Investigation: Lead the engagement with merchant teams to verify financial data, validate business claims, and quantify operational risks. You will drive the due diligence process to uncover hidden liabilities before they become ClarityPay’s problem
Financial & Statistical Modeling: Utilize extensive data analytics and financial modeling to forecast potential loss scenarios. You will build the models that quantify our exposure and determine the appropriate credit limits and monitoring triggers for each partner
Cross-Functional Deal Leadership: Play a central role in deal teams, working closely with Commercial, Legal, and Credit Risk leadership. You will lead nuanced, high-stakes conversations to align stakeholders, ensuring we support commercial targets without compromising our risk principles
Portfolio Monitoring: Devise and implement ongoing monitoring mechanisms. You will track merchant health post-onboarding to identify deteriorating trends early and trigger proactive risk mitigation measures
Team Building: Build and mentor a high-performing underwriting team capable of scaling with the business. You will foster a culture of deep analytical rigor and commercial awareness
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
Ability to explain complex risk concepts to Sales leaders and merchants in a collaborative manner
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
Competitive compensation and equity package.
Comprehensive benefits (medical, dental, vision).
Collaborative office culture with a strong product mindset.
Opportunities to grow, lead, and shape the future of consumer finance.
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