Senior Underwriter- Factoring/Asset Based Lending

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process. Senior Underwriter- Factoring/Asset Based Lending Full Time Charleston, Mount Pleasant, SC, US 30+ days ago Requisition ID: 1022 Senior Underwriter - Factoring/Asset Based Lending Location: Dallas, Texas or may consider remote | Type: Full-time | Experience Level: Senior About the Role We are seeking an experienced Senior Underwriter specializing in Factoring/ABL to join our growing team. This role is critical in evaluating, structuring, and approving credit facilities for small to mid-size businesses. The ideal candidate will bring deep knowledge of Factoring with the ability to balance credit risk with business growth objectives. Key Responsibilities Transaction Underwriting & Credit Analysis Lead the underwriting process for Factoring/ABL credit facilities, from initial assessment through final approval. Conduct in-depth analysis of client 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. 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 profile and collateral quality. Credit Memo Preparation & Presentation Prepare comprehensive credit memoranda that clearly outline client strengths, weaknesses, and risk factors. Present and defend underwriting recommendations to the Credit Committee, senior management, and executive leadership. Cross-Functional Collaboration Partner with the Sales team to structure competitive yet risk-appropriate proposals. Work closely with legal counsel to ensure loan documents, factoring agreements, and collateral filings are accurate and enforceable. Support operations and account management teams during onboarding to ensure smooth client transitions. Provide ongoing oversight of approved facilities, monitoring client performance against projections and covenants. Analyze trends in client AR quality and debtor payment performance. Recommend facility modifications, risk rating changes or exit strategies as needed. 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 Credit & Risk department. Market & Industry Insight Stay informed on economic conditions, industry trends, and competitive practices impacting factoring. Leverage industry knowledge to anticipate risks and identify new underwriting opportunities. Qualifications Bachelor’s degree in Finance, Accounting, Business, or related field (MBA or CPA preferred). 10+ 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. What We Offer Competitive compensation and performance-based incentives Comprehensive benefits package (medical, dental, vision, 401k and matching, life, short-term disability, paid time off) A collaborative and growth-oriented company culture #J-18808-Ljbffr