Senior Underwriter- Factoring/Asset Based Lending

Job Description

Job Description

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-sized businesses. The ideal candidate will bring deep a 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.
• 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 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.
• Portfolio Management & Monitoring
  • 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.
• 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 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