Jobless Developer
Idt logo
Idt

Posted 11 months ago

Open

Senior Underwriter – Merchant Services

NewarkHybridFull-time

AI Summary

Senior Underwriter responsible for assessing risk, analyzing merchant applications, and ensuring underwriting guideline compliance within the merchant services space.

About this role

About Us:
At NRS PAY, we are redefining the way businesses accept payments. As a leading provider in the merchant services industry, we offer innovative, secure, and scalable solutions that help our clients grow. We’re expanding our underwriting team and seeking a highly motivated Senior Underwriter to join us in our mission.

Position Summary

  • We are looking for a detail-oriented and experienced Senior Underwriter with a strong background in the merchant services industry. The ideal candidate will be responsible for assessing risk, analyzing merchant applications, and ensuring compliance with underwriting guidelines. You will play a key role in protecting our business while enabling merchants to thrive.

    • Key Responsibilities:

  • Review and evaluate merchant applications, supporting documents, and risk indicators.
  • Analyze credit reports, bank statements, processing history, and business models to determine risk exposure.
  • Make recommendations and decisions on account approvals, holds, or declines.
  • Maintain up-to-date knowledge of industry trends, compliance regulations, and risk management strategies.
  • Collaborate with risk, sales, and operations teams to optimize onboarding and underwriting processes.
  • Mentor junior underwriters and assist in complex case escalations.

    • Requirements:

  • Minimum 2 years of underwriting experience in the merchant services or payments industry.
  • Strong understanding of risk assessment, KYC/AML policies, and credit analysis.
  • Ability to interpret financial and business documents quickly and accurately.
  • Excellent attention to detail and problem-solving skills.
  • Strong communication and decision-making abilities.
  • Experience working in a fast-paced, high-volume underwriting environment.
  • Preferred Qualifications:

    • Preferred Qualifications:

  • Familiarity with common payment processing platforms, chargeback trends, and high-risk merchant categories.
  • Experience with automated underwriting tools or platforms.
  • Bachelor’s degree in finance, business, or a related field (or equivalent work experience).

    • Skills

    Automated Underwriting ToolsBank StatementsCase EscalationCredit AnalysisCredit ReportsFinance Documents InterpretationHigh-volume UnderwritingKYC/AMLMentoringMerchant Services PlatformsProcessing HistoryRisk AssessmentRisk IndicatorsUnderwriting

    Explore related jobs

    More jobs at Idt

    Similar Automated Underwriting Tools jobs

    Jobs in Newark

    Browse these categories

    Mentoring JobsRisk Assessment JobsJobs in NewarkJobs in United States