Underwriter

About the Company

We are seeking an experienced Underwriter specializing in Factoring to join our growing team. This role is critical in evaluating, structuring, and approving credit facilities for small to mid-sized businesses. The ideal candidate will bring a deep knowledge of Factoring, accounts receivable financing, and collateral-based lending, along with the ability to balance credit risk with business growth objectives.

About the Role

We are seeking an experienced Underwriter specializing in Factoring to join our growing team. This role is critical in evaluating, structuring, and approving credit facilities for small to mid-sized businesses. The ideal candidate will bring a deep knowledge of Factoring, accounts receivable financing, and collateral-based lending, along with the ability to balance credit risk with business growth objectives.

Responsibilities

Transaction Underwriting & Credit Analysis:

• Be a key player in the underwriting process for Factoring and asset-based credit facilities, from initial assessment through final approval.
• Conduct in-depth analysis of client and or borrower and account debtor financials, cash flow trends, debt levels, and liquidity to determine repayment capacity.
• Evaluate collateral quality, with an emphasis on accounts receivable verification, debtor concentrations, and invoice aging reports.

Risk Assessment & Structuring:

• Identify potential risks, including credit, operational, legal, and fraud-related risks, and recommend appropriate mitigants.
• Structure facilities in alignment with company credit policies, capital requirements, and regulatory guidelines.
• Recommend advance rates, reserves, and concentration limits based on client and or borrower profile and collateral quality.

Credit Memo Preparation & Presentation:

• Prepare comprehensive credit memoranda that clearly outline client and or borrower strengths, weaknesses, and risk factors.
• Present and defend underwriting recommendations to the Credit Committee, and executive leadership.

Cross-Functional Collaboration:

• Partner with the Sales business development teams to structure competitive yet risk-appropriate proposals.
• Work closely with legal counsel, if required to ensure credit documents, factoring agreements, and collateral filings are accurate and enforceable.
• Support operations and account management teams during onboarding to ensure smooth client transitions.

Mentorship & Leadership:

• Provide training, guidance, and coaching to junior underwriters and analysts.
• Help standardize underwriting best practices, credit risk frameworks, and approval processes.
• Contribute to continuous improvement initiatives within the Underwriting department.

Market & Industry Insight:

• Stay informed on economic conditions, industry trends, and competitive practices impacting factoring and asset-based lending.
• Leverage industry knowledge to anticipate risks and identify new underwriting opportunities

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, or related field (MBA preferred).
• 5+ years of underwriting experience in Factoring, or commercial finance.
• Strong analytical and financial modeling skills.
• In-depth knowledge of UCC filings, lien searches, and collateral documentation.
• Proven ability to assess risk and structure transactions within policy and compliance frameworks.
• Excellent communication skills, both written and verbal, with the ability to present findings to executives and committees.
• Detail-oriented, organized, and able to handle multiple transactions simultaneously.

Required Skills

• Strong analytical and financial modeling skills.
• In-depth knowledge of UCC filings, lien searches, and collateral documentation.
• Proven ability to assess risk and structure transactions within policy and compliance frameworks.
• Excellent communication skills, both written and verbal, with the ability to present findings to executives and committees.
• Detail-oriented, organized, and able to handle multiple transactions simultaneously.

Preferred Skills

• 5+ years of underwriting experience in Factoring, or commercial finance.

Pay range and compensation package

Competitive compensation and performance-based incentives. Comprehensive benefits package (medical, dental, vision, 401k and matching, paid time off).

Equal Opportunity Statement

A collaborative and growth-oriented company culture.