Senior Factoring Underwriter & Credit Specialist

Overview

The organization is seeking an experienced Senior Factoring Underwriter & Credit Specialist with hands-on expertise in accounts receivable (A/R) factoring. This role leads credit evaluation, risk structuring, and day-to-day portfolio oversight of invoice factoring facilities for high-growth e-commerce, CPG, and B2B wholesale businesses.

This position requires deep understanding of the operational, legal, and credit nuances of invoice factoring, including debtor creditworthiness assessment, invoice authenticity verification, debtor credit limit setting, dilution risk management, and ensuring proper perfection of security interests.

Responsibilities

• Factoring Credit Underwriting:
  • Underwrite prospective client factoring facilities
  • Establish credit limits on individual account debtors using credit agency reports (D&B, Experian, CreditSafe), payment trends, trade references, and financial statements
• UCC Search Analysis & Lien Perfection:
  • Read, interpret, and evaluate UCC lien searches, tax lien reports, and judgment filings
  • Identify senior or conflicting security interests (e.g., blanket liens, inventory lenders, equipment PMSIs)
  • Coordinate lien releases, terminations, subordination agreements, and intercreditor deeds to ensure first-priority position on factored accounts receivable
• Invoice Verification & Collateral Analysis:
  • Review and verify invoices, purchase orders, bills of lading, and proof of delivery prior to funding
  • Assess debtor concentration, aging trends, and customer dispute risk
• Dilution & Reserve Management:
  • Model and monitor dilution factors (chargebacks, trade discounts, returns, co-op advertising offsets)
  • Set appropriate advance rates and reserve holdbacks
• Legal & Perfection Controls:
  • Oversee UCC-1 financing statement filings and continuous lien maintenance (amendments/continuations)
  • Manage Notice of Assignment (NOA) deliveries
  • Support lockbox/account control agreements (DACA)
• Portfolio & Debtor Monitoring:
  • Track ongoing portfolio collections, remittance trends, daily lockbox reconciliations, aged accounts receivable, unapplied cash, and early warning signs of borrower or debtor distress
• Product Collaboration:
  • Work with Product, Operations, and Risk teams to automate factoring workflows and translate manual processes (lien checking, verification logic) into scalable software features
• AI-Driven Efficiency:
  • Use AI tools to accelerate credit memo generation, extract data from complex debtor agreements, and streamline verification audit trails

Requirements

• Direct Factoring Experience (Mandatory):
  • Minimum of 3+ years of direct, hands-on commercial A/R factoring underwriting experience (recourse or non-recourse) within a commercial finance company, factoring house, bank factoring division, or specialized fintech
  • Note: Standalone MCA, revenue-based financing, or general unsecured lending experience will not satisfy this requirement
• UCC Lien Analysis & Perfection Expertise:
  • Proven ability to read and interpret complex UCC lien search reports
  • Ability to identify prior blanket liens, PMSIs, tax liens, and active encumbrances and structure lien releases, subordination agreements, and intercreditor deeds under UCC Article 9
• In-Depth Debtor Analysis:
  • Demonstrated track record evaluating account debtor risk, setting debtor-level credit limits, and handling credit insurance policies
• Verification & Operational Rigor:
  • Thorough understanding of invoice verification methodologies, assignment procedures, lockbox structures, and dispute resolution
• Financial & Analytical Skills:
  • Strong credit fundamentals, including balance sheet and P&L analysis
  • Cash-flow modeling and detailed A/R aging schedule dissection
• Fintech & Product Orientation:
  • Interest in modernizing legacy factoring processes and collaborating with engineering teams to build automated underwriting and verification workflows
• Tech & AI Proficiency:
  • 1+ years of practical experience using Generative AI tools (e.g., ChatGPT, Claude, Gemini) to optimize analytical and administrative workflows
  • Proficiency in MS Excel/Google Sheets, SQL, and core factoring software platforms

Compensation & Benefits

• Annual base salary range: $95,000 - $119,000
• Additional compensation: equity + benefits
• Actual compensation will be determined by factors including skills and experience.

Benefits & perks include:

• Flexible PTO
• Flexible and remote work culture
• Health, dental, and vision coverage for you and your dependents
• 401k
• HSA/FSA
• Employee Referral Program

Work Authorization

At this time, the organization is unable to sponsor or take over sponsorship of employment visas. Candidates must be authorized to work in the United States without current or future sponsorship.

Location

Flexible and remote work culture (location not specified).