About the job
About Us:
At ClarityPay, we empower businesses and their customers by addressing intricate credit challenges with accuracy, efficiency, and intelligence. By merging our extensive expertise with state-of-the-art technology, we simplify the customer experience and consistently deliver superior outcomes.
As a rapidly expanding fintech company, we provide enterprise merchants with innovative pay-over-time solutions. Our offerings range from point-of-sale financing to 'Buy Now, Pay Later' programs and loyalty-enhanced deals, enabling us to create flexible credit tools that help businesses reach more customers.
We emphasize collaboration, clear objectives, and meticulous data analysis to inspire action. We strive to balance agility with excellence to ensure an outstanding customer experience.
Role Overview:
As the Vice President/Director of Merchant Underwriting, you will safeguard ClarityPay’s financial integrity by managing the critical nexus between commercial expansion and merchant acquisition risk. Your responsibility will include defining the processes for assessing, onboarding, and monitoring enterprise merchants, ensuring that our swift growth is supported by robust credit and fraud risk management practices.
You will oversee the underwriting of merchants, focusing on non-delivery, reputational, settlement, chargeback, and dispute risks. Your primary goal will be to minimize counterparty risks inherent to our business model, particularly the potential for unrecoverable funds due to merchant insolvency or operational failures. This position demands a quantitative and strategic approach; you will utilize advanced financial and statistical modeling to assess risks and develop creative mitigation strategies—such as holdbacks, delayed settlements, or covenants—that allow us to support business while safeguarding our interests. You will collaborate with Commercial, Legal, and Credit leaders to structure deals that align commercial success with stringent risk controls.
Key Responsibilities:
Merchant Acquiring & Counterparty Risk Strategy: Develop and implement the underwriting framework for merchant acquiring risk. Design policies to evaluate a merchant’s financial stability, ensuring protection against chargebacks and disputes arising from merchant bankruptcy or insolvency. Conduct due diligence in compliance with CFPB and AG-related actions.
Deal Structuring & Risk Mitigation: Go beyond simple approvals/declines to create tailored solutions. Design industry-leading practices to address identified risks through specific covenants, holdback structures, and other innovative strategies.

