Senior Underwriter – Merchant Services

IDT Corporation; Newark (NJ); On-site; USD 108,000 - 132,000; Full time

Job summary

A leading company in merchant services is seeking a detail-oriented Senior Underwriter. This role is crucial for assessing risks and ensuring compliance while enabling merchants to thrive. The ideal candidate will have a strong background in risk assessment and underwriting, along with excellent communication and problem-solving skills.

Qualifications

• Minimum 2 years of underwriting experience in the merchant services or payments industry.
• Ability to interpret financial and business documents quickly and accurately.
• Experience in a fast-paced, high-volume underwriting environment.

Responsibilities

• Review and evaluate merchant applications and supporting documents.
• Analyze credit reports and processing history to determine risk exposure.
• Collaborate with risk, sales, and operations teams for optimization.

Skills

Risk assessment

KYC/AML policies

Credit analysis

Attention to detail

Problem-solving

Communication

Decision-making

Education

Bachelor’s degree in finance, business, or related field

Job description

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:

• 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).

$120,000 - $120,000 a year