Senior Underwriter- Factoring/Asset Based Lending Job at Southstar Capital LLC, Mount Pleasant, SC

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  • Southstar Capital LLC
  • Mount Pleasant, SC

Job Description

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

Job Tags

Full time, Temporary work,

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