Senior Merchant Underwriter
- Pay
- $100,000 – $140,000 per year
- Location
- Chicago, IL · On-site
- Job type
- Full-time
- Level
- Senior
- Experience
- 4+ years
- Education
- Bachelor's degree
- Listed
- 23 days ago
Skills & highlights for this role
- merchant underwriting
- payment processing
- transaction risk analysis
Also useful
- SQL
- Tableau
- Looker
- transaction monitoring systems
Stated benefits & perks
- Health
- 401k
- Flexible time off
The Role
As a Senior Merchant Underwriter, you will perform critical analyses on all merchant applications. This includes reviews of licenses, legal opinions, transaction activity, and credit risk. You will hold independent decision making authority for standard merchant applications and serve as a lead advisor for high-risk sectors (e.g., Crypto, Real Money Gaming, Remittance); for these complex reviews, you will determine the optimal underwriting posture and present formal approval, approval with mitigation, or decline recommendations to risk & executive leadership.
What You'll Do
- New Business Underwriting: Evaluate merchant applications, ensuring that merchants are operating Legally, within Card Scheme Rules, and within Coinflow’s operational risk appetite. This includes credit reviews to ensure financial stability and the ability to cover potential chargeback liabilities.
- Backbook & Portfolio Reviews: Complete refresher reviews of the existing merchant portfolio, such as reviewing updated licenses, legal opinions, or Financial Statements to ensure that merchants are still operating compliantly and manage any changes to their risk profile.
- Alert Investigation: Perform investigations on Chargeback Spikes, ACH Returns, or other indicators of changes to a merchants risk profile.
- Process & Efficiency Projects: Drive process improvement or tooling projects to improve efficiency and scale our Underwriting program.
- Regulatory & Scheme Adaptation: Lead initiatives to update internal processes and policies in response to emerging card partner/scheme requirements, laws, or new regional expansions.
- Risk Mitigation: Determine actionable conditions for approval, such as implementing reserves, transaction limits, or enhanced monitoring.
- Collaborate cross-functionally: Partner with Compliance, Product, Engineering, and Operations to help build scalable Underwriting solutions.
Required Qualifications
- 4+ years in fintech, payments, banking, or financial services Underwriting.
- Understanding of payment processing, merchant acquiring, and transaction risk.
- Familiarity with evaluating high regulatory risk business models, such as business related to crypto, remittance, real money gaming, and prediction markets.
- Proven track record meeting SLAs, and performance expectations
- Strong analytical skills with ability to work with data and make evidence-based decisions.
- Excellent communication skills and comfort operating in ambiguous, fast-paced environments.
- Proficiency in spreadsheet software (Excel/Google Sheets) for data modeling, trend analysis, and synthesis of merchant processing data.
Preferred Qualifications
- Experience working transaction monitoring systems and case management platforms.
- SQL and business intelligence tools (e.g., Tableau, Looker).
- Background in high-growth payment companies.
- Interest in cryptocurrency and/or blockchain analytics expertise (Chainalysis, Merkle, Elliptic, TRM Labs).
- Bachelor's degree
About Coinflow
Coinflow is the next-generation payment service provider revolutionizing global financial infrastructure with stablecoins, AI-driven fraud prevention, and instant settlement. Coinflow enables businesses to grow faster with instant settlement, fraud & chargeback indemnity, global pay-ins, multi-currency FX, and unified payouts. Founded in 2023, the company serves marketplaces, fintechs, remittance providers, gaming platforms, and ecommerce merchants worldwide.
Since our seed round in 2024, we’ve achieved 23x revenue growth and scaled to multi-billion-dollar annual transaction volume. In response to this growth, Coinflow announced a $25M Series A in October 2025-led by Pantera Capital, CMT Digital, Coinbase Ventures, Jump Crypto, and Reciprocal Ventures-accelerating our mission to power the world’s fastest-moving businesses with innovative, reliable global payments.
Coinflow is proudly headquartered in Chicago, IL.
Why Join Coinflow?
- Build from the ground up - Shape our financial crimes program with executive visibility
- High-growth opportunity - Join during a pivotal phase with room to expand your role with team and scope
- Cutting-edge work - Operate at the intersection of compliance, crypto, and innovative payment technology
- Competitive package - Strong salary, equity, comprehensive benefits, and professional development support
- Collaborative culture - Work with talented, mission-driven people building the future of payments
The base salary range for this role is $100,000 to $140,000 USD. The actual base salary offered depends on a variety of factors, including but not limited to experience, education, skills, qualifications and business needs.
In addition, the employee who fills this role will be eligible for an equity grant, allowing you to share in the long-term success of the company. You will also have access to a wide array of benefits, including health and wellness benefits, 401(k) savings plan, and flexible time off.
Join the team rewriting how money moves worldwide-and become a driving force in the $194 trillion cross-border payments market.
From Coinflow's careers page, first listed on Rolev.ai on October 17, 2026. Rolev.ai is not the employer.
How Rolev.ai helps with this application
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Common questions
What is the salary for the Senior Merchant Underwriter role at Coinflow?
The Senior Merchant Underwriter posting at Coinflow states compensation of $100,000 – $140,000 per year. It is listed as a full-time position. Final pay may depend on location, experience, and interview evaluation on Coinflow's official career site.
Where is the Senior Merchant Underwriter job at Coinflow located?
This Senior Merchant Underwriter position at Coinflow is located in Chicago, IL (On-site). Always check Coinflow's application page for specific state eligibility or relocation policies.
What qualifications are required for Senior Merchant Underwriter at Coinflow?
For the Senior Merchant Underwriter role, Coinflow highlights 4+ years of relevant experience; a bachelor's degree; experience with merchant underwriting, payment processing, transaction risk analysis. Rolev.ai can score your existing resume against these requirements and show any skill gaps before you apply.
How do I apply for the Senior Merchant Underwriter position at Coinflow?
This listing links directly to Coinflow's Ashby application page. You can apply directly on Coinflow's site, or use Rolev.ai to check your resume fit, generate a zero-hallucination tailored resume and cover letter for this posting, and autofill the Ashby application form in 1 click with the Rolev.ai Chrome extension. You always review the form and press Submit yourself.