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

What We're Looking For

What Success Looks Like (First 12 Months)

• AI-augmented document review live in underwriting workflow with measured accuracy and override tracking.
• Boarding and underwriting workflows redesigned with measurable reductions in decision time, clearer exception routing, improved SLA visibility, and increased straight-through processing for clean files.
• Risk governance cadence operating effectively with documented policies, decision authority, exception tracking, and monthly reporting for senior leadership and sponsor bank partners.
• Versapay’s proprietary AR/invoice data incorporated into underwriting and monitoring workflows, with early evidence of improved decision quality, faster reviews, or better risk segmentation.
• Unified risk dashboard covering payments and lending exposure available to executives and sponsor bank partners.
• Fraud, loss, chargeback/return, and exception trends remain within agreed risk appetite, with clear escalation paths and sponsor bank relationships in good standing.

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We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.