# Underwriting Officer > payabl. · Limassol, Cyprus · Full-time · Posted 2026-07-02 **Workplace:** on_site **Department:** Risk ## Description payabl. empowers businesses to grow through payments innovation and banking services. Our ambition is to expand our strong portfolio of global financial services we provide to businesses and make them all available in one place on our platform we call payabl.one. As a licensed financial company with principal membership with card schemes, we specialize in global payments and providing businesses with multi-currency accounts. ![Payabl.](https://payabl-one.atlassian.net/gateway/api/emoji/6a3165fd-5dc2-4aac-8192-f3b418b901f8/ff56a934-d281-4fa8-a2de-fb958ec153b6/path)**The role is about:** We are looking for a motivated and detail-oriented Underwriting Officer to join our dynamic Risk Team. This role is focused on merchant underwriting and monitoring activities and ensuring our portfolio remains balanced and secure as the business scales. In this role you will perform preliminary merchant reviews, gather essential information and assist with ongoing portfolio monitoring. Working closely with senior team members, you will analyze merchant risk profiles, identify potential concerns, and ensure compliance with internal policies and card scheme requirements. This is an excellent opportunity for someone looking to build a career in payments, underwriting, and risk management, while gaining hands-on exposure to merchant onboarding and risk management. **Location:** Limassol, Cyprus **Reporting Line:** Head of Underwriting and Monitoring ![Payabl.](https://payabl-one.atlassian.net/gateway/api/emoji/6a3165fd-5dc2-4aac-8192-f3b418b901f8/ff56a934-d281-4fa8-a2de-fb958ec153b6/path)**What you will do:**   - Support merchant underwriting assessments by performing initial checks, collecting documentation, and assisting senior team members in reviewing merchant risk profiles - Monitor merchant portfolios to identify unusual or suspicious activity and escalate findings where necessary - Assist with the risk assessment, registration, and ongoing monitoring of third-party agents in line with card scheme requirements and internal policies - Conduct an initial investigation of transaction patterns and identify activity that differs from expected behavior - Respond to queries from prospective and existing merchants, providing support and escalating more complex cases when needed - Ensure day-to-day activities align with company policies, card scheme requirements, and payment provider guidelines - Support the preparation of merchant activity reports for portfolio reviews and audits - Collaborate with Risk, CDD, Compliance, Relations, and Sales teams to support onboarding and monitoring activities ![Payabl.](https://payabl-one.atlassian.net/gateway/api/emoji/6a3165fd-5dc2-4aac-8192-f3b418b901f8/ff56a934-d281-4fa8-a2de-fb958ec153b6/path)**What we need:** Must-have - 6 months to 2 years of experience in payments, merchant onboarding, AML, KYC, underwriting, transaction monitoring, or other risk-related roles within fintech or financial services - Basic understanding of merchant onboarding and risk assessment processes - Some understanding of payments, card acquiring, and transaction flows - Strong analytical mindset with the ability to review merchant information, websites, and transaction data to identify potential risks - High attention to detail and strong organizational skills - Ability to follow internal procedures and compliance requirements in a regulated environment - Good communication skills and ability to work with multiple teams including Risk, Compliance, Operations, and Sales - Eagerness to learn and develop within the payments and risk industry Nice-to-have - Exposure to merchant underwriting, transaction monitoring, or ongoing merchant reviews - Familiarity with card scheme basics (Visa Inc., Mastercard, American Express) - Experience within acquiring, PSP, or fintech environments - Exposure to fraud detection, chargeback monitoring, or merchant risk tools such as Similarweb, Semrush, Ballerine, G2 Risk, LegitScript - Experience reviewing websites, merchant business models, or financial documents - Interest in merchant risk management, fraud prevention, payments ![Payabl.](https://payabl-one.atlassian.net/gateway/api/emoji/6a3165fd-5dc2-4aac-8192-f3b418b901f8/ff56a934-d281-4fa8-a2de-fb958ec153b6/path)**The perks of being a payabl.er in Cyprus Office:**   - **Future-Proof Your Finances:** Once you’ve passed probation, we’ll kickstart your Provident Fund to secure your future.  - **Grow with Us:** Annual Learning Budget for professional development (eligible after probation)—because your growth is our growth.  - **Wolt Your Way Through Lunch:** €150 monthly Wolt allowance to keep you fueled and happy. - **Stay Active Your Way**: Enjoy a SportsBenefits membership giving you access to a wide variety of gyms and sports facilities to support your active lifestyle. - **Drive in Style:**  After one year with us, you may be eligible for a company car—performance and availability permitting.  - **Park with Ease:** Complimentary parking space just steps from the office, so your commute is as smooth as your workday. - **Max Out Your Downtime:** 25 days of vacation + public holidays, plus an additional 10 sick days. - **Shop & Save:** Exclusive local discount card + tickets for exciting events like Beonix, basketball games, and more.  - **Speak Like a Local:** Join free Greek language classes, twice a week, open to all team members.  - **Celebrate Together:** We bring colleagues from all offices together for unforgettable company celebrations. - **Global Collaboration & Events:** Opportunities to participate in international company events and initiatives, connecting with colleagues from all regions and contributing to a truly global community 🚀 **Our Hiring Process:** 1. **Video Assessment:** If selected, you will complete a short video assessment (max 30 mins) via our platform, answering a few questions designed to assess your communication, problem-solving, and attention to detail. 2. **TA Interview:** Conducted by the Talent Acquisition team (35 min). 3. **Final Interview:** Conducted by the Head of Underwriting and Monitoring & the Chief Risk Officer (45 min). Let's embark on a journey to redefine the landscape of payments together. We're not just offering a role; we're inviting you to be a part of something bigger. Join our team, and let's innovate, disrupt, and lead the future of payments. Together, we can make an impact that resonates. Welcome to the team!  _Please review our Privacy Policy to understand how we process your personal data during the recruitment process:_ [_https://payabl.com/privacy-policy_](https://payabl.com/privacy-policy) ## Apply [Apply at payabl.](https://apply.workable.com/payabl/j/32C752123E/apply) --- Powered by [Workable](https://www.workable.com)