Underwriting Specialist
markelcorp
Underwriting Specialist
pay· Underwriting
About this role
Pay.com is looking to hire an Underwriting Specialist to join our dynamic team in Limassol (Hybrid). The successful candidate will report to the Underwriting Team Lead and will assist Pay.com in onboarding new merchants for acquiring services, ensuring each is evaluated in line with regulatory and Card Scheme standards.
Responsibilities
- Collaborate with the Sales and other internal teams to collect, review and provide feedback on merchant onboarding documentation and requirements
- Access company registries across various jurisdictions to obtain corporate documentation for prospective merchants and determine their corporate structure
- Review and resolve flags raised by screening and verification checks performed during onboarding
- Perform website reviews to assess the merchant's business model and identify any prohibited or high-risk activity, ensuring compliance with Card Scheme rules and AML requirements
- Perform risk analysis on prospective merchants (e.g. financial standing, processing history, rolling reserve) to assess their overall risk level
- Review findings raised during onboarding (AML, Risk, Fraud or other flags), document the outcome in accordance with the department's manual, and escalate to the Underwriting Team Lead or the second line of defence (Risk/Compliance) where required
- Maintain accurate and up-to-date records of merchant documentation and onboarding status throughout the process
- Proactively identify areas for improvement in existing systems, tools and processes, and suggest practical solutions
- Assist with department projects and initiatives as needed
What you'll bring
- 1-3 years of experience in a similar role within a regulated financial institution
- Proven experience onboarding corporate legal entities
- AML certifications, Card Scheme rules knowledge, or experience with KYC/AML screening tools is considered an advantage
- Fluent or native-level English, both written and spoken
- Excellent communication skills and a collaborative, team-oriented approach
What we offer
- Flexible working hours
- Homemade lunch in the office Monday to Thursday, with catered lunch on Fridays
- Medical insurance after the probation period
- Corporate, team-building and special events
- Sponsored training and seminars on industry-related topics
Frequently Asked Questions
Is the salary disclosed for the Underwriting Specialist position at pay?
The salary for this Underwriting Specialist role at pay is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Underwriting Specialist position at pay located?
This Underwriting Specialist role at pay is based in Limassol, Cyprus, Cyprus. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Underwriting Specialist role at pay full-time or part-time?
This is listed as a Full Time (Country Calendar) position. It is posted as a Underwriting Specialist role in the Underwriting department at pay.
Which team or department does the Underwriting Specialist at pay belong to?
This Underwriting Specialist position is part of the Underwriting department at pay. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Underwriting Specialist position at pay?
Click the "Apply Now" button on this page. You will be redirected to pay's official application portal hosted on bamboohr where you can submit your application directly.
When was the Underwriting Specialist job at pay posted?
This Underwriting Specialist position at pay was posted on Aug 28, 2026. Apply as soon as possible — early applications are often reviewed first.
Underwriting Specialist
pay
You'll be redirected to pay's official application page on bamboohr.