Senior Director of Underwriting, Fraud Monitoring & Boarding

About Versapay 🚀

Versapay turns accounts receivable (AR) into a competitive advantage.
Inefficient AR processes slow cash flow and stall growth. Versapay removes friction, unlocks working capital, and accelerates momentum — giving finance leaders the clarity and control they need to drive business forward.

Versapay automates accounts receivable, removing barriers to collecting and reconciling B2B payments. Our solutions connect finance teams, customers, and business systems in one ecosystem to ensure cash flow clarity. With over 10,000 customers and 5M+ companies transacting on the platform, Versapay processes over 110M transactions and $257B annually.
Think you might be the next Veep to join? Read on!!
About the Role

Versapay is scaling its B2B payments platform and preparing for future embedded lending capabilities. We're hiring a Director to lead the day-to-day merchant boarding, underwriting, and risk operations functions, with an initial focus on improving speed, quality, consistency, and control across payments onboarding. This is a hands-on operator role: you'll modernize how we
onboard and underwrite merchants — applying automation, analytics, and practical AI-enabled workflows to create a frictionless experience for low-risk customers while maintaining rigorous controls for higher-risk segments.
You will own daily execution of boarding, underwriting, exception management, and ongoing merchant risk monitoring, while partnering with Product, Engineering, Compliance, Finance, Sales, and sponsor bank stakeholders to evolve policies, workflows, vendor integrations, and reporting. As Versapay ’s lending ambitions mature, you will help translate payments and AR data into practical underwriting inputs and operating controls.
A key opportunity in this role is Versapay ’s unique data position. Our AR automation platform provides visibility into invoice-level activity, DSO trends, payer behavior, and customer concentration. You will help operationalize that data into better boarding, underwriting, and monitoring practices — first for payments risk and, over time, for embedded lending use cases.
What you'll do

Boarding & Underwriting Operations
• Lead a team of underwriters, risk analysts, and boarding specialists supporting both payments (PayFac/ISO) and lending applications.
• Redesign the boarding journey to be AI-first — straight-through approval for clean files, intelligent triage for exceptions, human review only where it adds judgment.
• Help define and operationalize risk appetite, credit policy, exposure limits, and approval guardrails across merchant segments, escalating exceptions through the appropriate leadership and governance forums.
• Support the operating rhythm for risk governance, including exception review, delegated authority workflows, escalation thresholds, and monthly reporting for senior leadership and sponsor bank partners.

Modern Decisioning Stack
• Partner with Product, Engineering, Compliance, and vendors to improve the technology stack for KYB/KYC, business verification, beneficial ownership, sanctions/PEP screening, fraud, bank/transaction data, and decision orchestration.
• Implement practical automation and AI-assisted document review for common underwriting materials, ensuring outputs are reviewable, auditable, and integrated into human decision workflows.
• Maintain clear controls around automated decisions, including decision logic documentation, override tracking, quality assurance, and periodic performance review.

Lending Underwriting
• Contribute to the buildout of the underwriting operating model for future embedded lending products, including application intake, policy translation, documentation requirements, line assignment inputs, and exception handling.
• Partner with Finance on portfolio performance, loss forecasting, vintage analysis, and reserve modeling.
• Partner with Finance and leadership to ensure underwriting practices, pricing inputs, and monitoring routi