Senior Asset Based Lending & Factoring Underwriter

Job Description

Job Description

JOB SUMMARY:
Primarily responsible for working with the Business Development and Senior Portfolio/Underwriting teams in order to produce detailed credit and business review packages of prospective clients, that are vital in enabling a sound credit decisions to be made by Seacoast Business Funding (SBF) Senior Management Team consistent with current loan policies and procedures. Additional responsibilities commiserate with work experience and Division needs as required.

  ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Participates on initial calls / informational meetings with SBF prospects along with the Business Development Officers and Underwriters to determine viability of the company for financing with SBF.
• Requests prospect and customer information as directed by SBF President and SVP of Revenue during Due Diligence process.
• Performs initial financial statement data spread, account debtor credit review, accounts receivable / accounts payable data and company background information presentation to SBF Senior Management for review and analysis.
• Performs or directs on site prospect collateral exams as required on new SBF transactions.
• Interacts with target company personnel as situation dictates, typically through email or phone.
• Prepares final Credit Authorization Request document for review of SBF Senior Management team.
• Attends and participates (as required) in Presentations to Seacoast Bank Officer’s Loan Committee.
• Assists with SBF’s Account Management/Portfolio Team with duties assigned by Portfolio Manager to enhance efficiency and reduce portfolio risk.

  EDUCATION and/or EXPERIENCE:

• Bachelor’s degree from a four-year college or university required; preferably in Accounting/Finance or Business. Graduate coursework and/or degree preferred.
• Experience: 5-15+ years’ experience in a Client Management or Underwriting position within the Factoring or ABL industry.
• Field Exam experience a plus.

The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.