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Factoring/ABL Underwriter - Salt Lake City, Utah

January 5, 2021

Commercial Funding Inc. is hiring a Factoring/ABL Underwriter in Salt Lake City, UT.

Position Summary:

We are seeking a highly skilled individual to join our team. The Factoring/ABL Underwriter will be responsible for the preparation or underwriting memorandums including the collection, assembly, organization of all supporting materials related to and requisite to the underwriting process.

Responsibilities:

  • Perform credit analysis of AR agings, financial statements, and other information to determine eligibility of factoring or ABL transactions within CFI’s credit parameters
  • Communicate directly with prospects and internally with the sales and account management teams
  • Perform and review UCC, Tax Guard, Experian, D&B, and other credit searches
  • Prepare credit approval memos and present transactions to credit committee
  • Create documentation for approved transactions
  • Coordinate an efficient transition from underwriting to the account management team
  • Use judgment and arrive at an underwriting conclusion based on available information
  • Engage 3rd party collateral exam firms to perform collateral testing when necessary
  • Provide daily updates to the prospect and internally on underwriting transactions
  • Ability to prioritize work but still meet required deadlines


Required Skills:

  • Understanding of accounts receivable financing including financial analysis, AR lending eligibility, UCC priority, and loan documentation
  • Strong communication, interpersonal, and analytical skills
  • Experience in maintaining a positive working relationship with clients while managing the credit risk of the organization
  • An ability to spread and understand financial statements
  • A self-starter that will get tasks done timely and look for additional ways to mitigate risks and streamline underwriting processes
  • Desire to learn on the job and increase your credit evaluation skills

Preferred Qualifications:
  • Bachelor’s Degree in business, finance, economics, or accounting or commensurate amount of applicable work experience
  • 3+ years’ experience of underwriting commercial loans or as a commercial relationship manager
  • Experience underwriting factoring and/or asset-based loans transactions is a plus
  • Strong written and verbal communication skills

For immediate consideration, send your resume to hr@commercialfund.com.