Senior Factoring Underwriter & Credit Specialist
New
J
JobgetherCommercial factoring
Based in the United StatesFull-TimeSenior
Salary not disclosed
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Job Details
- Experience
- At least 3 years of hands-on commercial accounts receivable factoring underwriting experience; at least 1 year of practical experience using generative AI tools.
- Required Skills
- SQLMicrosoft ExcelGoogle Sheets
Requirements
- Have at least 3 years of hands-on commercial accounts receivable factoring underwriting experience covering recourse and/or non-recourse facilities.
- Have experience at a commercial finance company, factoring firm, bank factoring division, or specialized fintech; MCA, RBF, or general unsecured lending experience alone does not meet the requirement.
- Interpret complex UCC lien searches and identify blanket liens, PMSIs, tax liens, and other active encumbrances.
- Coordinate lien releases, subordinations, and intercreditor agreements under UCC Article 9.
- Assess account debtor risk, establish debtor-level credit limits, review payment behavior, and work with credit insurance policies.
- Understand invoice verification, pre-advance audits, confirmation calls, estoppels, assignment procedures, lockbox structures, remittance controls, and dispute resolution.
- Analyze balance sheets, profit-and-loss statements, cash flow, A/R aging, debtor concentration, and dilution.
- Assess collateral eligibility, maintain accurate documentation, identify conflicting security interests, and follow factoring-related legal and operational requirements.
- Have at least 1 year of practical experience using generative AI tools such as ChatGPT, Claude, or Gemini.
- Be proficient in Microsoft Excel or Google Sheets, SQL, and core factoring software platforms.
Responsibilities
- Underwrite prospective commercial A/R factoring facilities and assess borrower and account debtor creditworthiness.
- Establish debtor-level credit limits using financial statements, credit reports, payment histories, and trade references.
- Review UCC lien searches, tax lien reports, and judgment filings, and coordinate lien releases, terminations, subordinations, and intercreditor agreements.
- Validate invoices, purchase orders, bills of lading, and proof of delivery before funding.
- Conduct pre-advance audits, assess debtor concentration and A/R aging, and identify disputes, fraudulent documentation, and collateral risks.
- Analyze dilution factors to determine advance rates, reserve holdbacks, and facility structures.
- Oversee UCC-1 filings, amendments, continuations, Notices of Assignment, and lockbox or deposit account control agreements.
- Monitor collections, remittance patterns, lockbox reconciliations, aged receivables, unapplied cash, and debtor payment behavior.
- Collaborate with Product, Engineering, and Risk Operations to develop scalable fintech tools and automated workflows.
- Use ChatGPT, Claude, and Gemini to support credit memo preparation, agreement information extraction, data analysis, and verification audit trails.
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