Senior Underwriter – Merchant Services

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).

About us: IDT is a Communications and Money Transfer company founded in 1990 and headquartered in Newark, New Jersey. IDT is an industry leader in prepaid communication, money transfer, and payment services, and one of the world's largest international voice carriers. We are listed on the NYSE, employ over 1800 people across 20+ countries, and have over $1.5 billion in revenues. Our flagship brand, Boss Revolution, includes Money Transfer, International Calling, and Mobile Top-Up services and supports IDT's mission of enabling people to keep in touch and share resources with family and friends worldwide. Join us!