Posted 3 months ago
MCA Processor
New York, New York, United StatesOn-siteFull-time
AI Summary
Reviews merchant applications for completeness, verifies financial and business documents, enters data into CRM systems, communicates with ISOs and underwriters, and tracks deal progress to ensure funding compliance.
About this role
Core Responsibilities
- Review merchant applications for completeness
- Verify documents:
* Bank statements (3–6 months)
* Credit card processing statements
* Business licenses
- Enter and manage data in CRM systems
- Communicate with:
* ISOs (Independent Sales Organizations)
* Underwriters
- Submit files to lenders/funders
- Track deal progress until funding
- Ensure compliance with internal guidelines
- Strong attention to detail
- Fast-paced multitasking
- Organization & deadline management
Requirements
Required Skills
-
Ability to read bank statements and cash flow
-
Detect red flags (NSFs, negative balances, irregular deposits)
-
Basic underwriting understanding (helpful)
Technical Tools
- CRM systems (e.g., Salesforce or similar)
- Microsoft Excel / Google Sheets
- Document management tools (Dropbox, Google Drive)
Industry Knowledge (Highly Preferred)
-
Factor rates
-
Holdback percentages
-
Daily/weekly ACH payments
-
Familiarity with funders and ISO relationships
Benefits
- Health, dental, and vision insurance
- Paid time off (PTO) and sick leave
- Paid holidays
- 401(k) retirement plan (with employer match, if applicable)
- Performance bonuses and incentives
- Career growth opportunities within underwriting or operations
Skills
Bank StatementsCash Flow AnalysisCRM SystemsDocument Management ToolsDropboxGoogle DriveGoogle SheetsMicrosoft ExcelSalesforce
