Underwriting Analyst

Santa Barbara, CA

Full Time


Entry Level

PayJunction is looking for a proactive, analytical individual who wants to launch their career as an associate underwriting analyst. As an associate underwriting analyst at PayJunction, your primary responsibility will be to evaluate incoming financial documents from merchants who are applying to use our payment processing product. You will analyze risks associated with extending credit to the merchant, and you will calculate premiums on the basis of merchants’ financial and background information. The associate underwriting analyst also maintains existing accounts and ensures our merchants can process payments with ease by providing technical support via telephone.

PayJunction will provide you with extensive training to become an expert in our industry and services. Experience in the financial services and/or payment processing industry is ideal but not required. Critical thinking skills to accurately identify risk scenarios are a must. If you are a detailed person who enjoys thoroughly analyzing financial statements and using that data to tell a story, apply for our associate underwriting analyst position today.

This is a full-time, in-house position in our Santa Barbara office. Due to COVID-19, our office is currently working remotely until further notice. This means you can expect some initial temporary remote working until we transition teams back to office.

Job Responsibilities

  • Determine credit worthiness by analyzing:

    • Bank statements

    • Balance sheets

    • Profit and loss statements

    • Cash flow

    • Tax statements

    • Prior merchant processing statements + ROIs

  • Screen accounts against security fraud checklist.

  • Work alongside partner banking institutions to review account financial integrity.
    Escalate high risk exceptions to executive board.

  • Field inbound technical support calls.
    Provide assistance with account maintenance including adjusting limits and checking accounts.

  • Report regular status updates to the account executives, project team leads and regional managers.

Skills + Requirements:

  • Bachelor’s degree required - field of study in accounting, economics or finance preferred

  • High proficiency in Microsoft Excel/Google sheets

  • Understanding of balance sheets, profit & loss statements, and bank statements

  • QuickBooks knowledge is a bonus

  • Must have an analytical mind and critical approach to problem solving

  • Must be cautious and risk-aware

About PayJunction

Founded in 2000 by three UCSB graduates, PayJunction has grown from a bootstrapped startup to a recognized and respected leader in the payments industry. PayJunction processes more than $5 billion dollars annually for tens of thousands of small and medium businesses with solutions that make it easy to accept credit and debit card payments in-store, online and on-the-go.

Our focus on computer science as an art—combined with our ethical, customer-centric attitude—drives us to develop disruptive technology that lowers costs, simplifies accounting and boosts productivity for small and medium sized businesses. Our cloud-powered payment solution easily and securely integrates with industry-leading business software and management platforms. We take pride in delivering innovative features such as eco-friendly digital signatures and receipts that eliminate the hassles and costs of paper by storing all transactions in the cloud. 

Our people-first culture values long-term relationships over short-term profits. Honesty and integrity are part of every interaction with partners, customers and employees. We foster a collaborative work environment, where creative ideas are welcomed, teams are inspired, and success is celebrated. PayJunction is a place where you can find experienced mentors and supportive friends who are committed to your growth.


  • Health, dental and vision paid 100%

  • 401k with 6% match

  • FSA and Dependent Care FSA

  • Long-term disability

  • 9 paid company holidays

  • 1 paid volunteer day per year

  • Generous paid sick and vacation time

  • Competitive compensation

  • Opportunity to be part of a company that is changing a whole industry

  • Opportunity for growth within the company


The following are benefits you can look forward to once our physical offices reopen:

  • Large corporate HQ in downtown Santa Barbara, California

  • Catered Friday lunches and stocked kitchen

  • Free onsite fitness classes

  • Comfortable work space with Herman Miller chair, stand up desks,  and multiple monitors

  • Dog-friendly office

  • Kombucha on tap

  • Recently named one of Glassdoor's Top 30 Best Places to Work in the US

Company Ethos

  • We value long-term relationships over short-term profit.

  • We are building something that will last longer than us.

  • We are passionate about our work and inspired by our team.

  • We create products that improve the lives of our customers.

  • We build green technology that costs less than our prospective clients pay now.

  • We are constantly innovating.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  While performing the duties of this job, the employee is regularly required to talk, see and hear. The employee frequently is required to sit; stand; walk; use hands to finger, handle or feel; and reach with hands and arms and requires the ability to occasionally lift office products and supplies up to 20 pounds.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. PayJunction reserves the right to conduct background and/or credit checks on potential employees where applicable and in accordance with state and federal laws.


To apply for this position, please send the following information to

  • First & last name

  • Phone number

  • City/State of residence & whether or not you’re willing to relocate

  • Desired salary range

  • Cover letter & resume

Thank You!