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IDT Corporation · 5 months ago

Senior Underwriter – Merchant Services

Newark, NJ

Full-time

Onsite

Mid, Senior Level

$120K/yr - $120K/yr

2+ years exp

IDT Corporation is a leading provider in the merchant services industry, and they are seeking a highly motivated Senior Underwriter to join their underwriting team. The role involves assessing risk, analyzing merchant applications, and ensuring compliance with underwriting guidelines to protect the business while enabling merchants to thrive.

Communications InfrastructureDigital EntertainmentFinancial ServicesPaymentsRetailTelecommunications

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

Qualification

Underwriting experienceRisk assessmentKYC/AML policiesCredit analysisPayment processing platformsAttention to detailProblem-solving skillsCommunication abilitiesDecision-making abilitiesExperience in fast-paced environment