Factoring Underwriter

Syfan Logistics•Gainesville, GA

1d•Onsite

About The Position

Interested in climbing aboard with the Syfan Team? Job Summary: Perform detailed financial analysis on prospective borrowers and guarantors and interpreting the financial information to make decisions. Conduct initial review of incoming loan packages by determining creditworthiness and compliance. Collaborating with factoring team in day-to-day activities for funding and managing client accounts by providing excellent customer service to our partners and responding to any questions or requests. Essential Duties: Conduct financial and/or credit analyses, ensuring compliance with internal regulations. Provide full credit memos containing accurate and complete credit analysis of the loan applicant. Analyze applicant’s business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections, and compare these elements to RMA. Perform detailed financial analysis on prospective small business borrowers and guarantors, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy. Ability to make decisions on files with minimal supervision using good judgment. Identify risk factors within each loan and utilizes resources, tools, and documentation to detect red flags and clear inconsistencies. Collaborate with other team members on updating existing and creating new credit policies, procedures, operational efficiencies, and strategies. Effectively communicate ideas to external partners, borrowers, and colleagues with a high level of accuracy using both written and verbal communication. Input, process, review invoices and backup, and interact with clients on their fundings; assist with client funding request for assigned accounts. Request debtor credit approvals for funding requests, as needed for accounts over their limit or that do not have an assigned credit limit. Process invoice adjustments and invoice corrections for cash posting department. Interact with clients in a friendly, professional manner for their day-to-day funding needs. Match electronic payment to remittance details for cash posting. Wire and transfer funds to clients. Set up repetitive wires for clients. Competencies/Skills/Experience: Preferred: 2+years of factoring experience that includes client facing activities and discussions Possesses a positive attitude and self-motivation. Proficient in Microsoft Office Suite and FactorSoft. Displays critical thinking and problem-solving skills resulting in effective judgement and decision making. Effective negotiation skills. Collaborative work style. Proficient organizational, multi-tasking and prioritization skills to meet deadlines. Education/Training/Requirements: Required: Minimum High School Diploma/GED. Preferred: Bachelor’s Degree in Business Administration or related, or equivalent work experience. Work Environment This job operates in a professional office environment. The role routinely uses standard equipment. Physical Demands The physical demands described here are representative of those that must be met by employee to successfully perform the essential functions of this job. The job operates in a physical office environment and is largely a sedentary role. While performing the duties of this job, the employee is regularly required to talk and hear. The employee frequently is required to stand, walk; use hands, arms, and fingers to effectively operate computer and handle and/ or left up to 20 pounds. Position Type/Expected Hours of Work This position is primarily a weekday position scheduled within standard daytime business hours. The position may occasionally require individual to work outside of normal daytime business hours to handle business needs associated with the position responsibilities. EEO Statement Syfan Logistics, Inc. is an Equal Opportunity employer. All Team Members and applicants are considered without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, or any status which is protected by state or federal law. Introductory Period: Progress reports at 30 and 60 days with a review by management at 90 days. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c) At Syfan, our team members come first. Our company founder Jim Syfan has always trusted that if you invest in good team members and treat them with respect, then the profits will follow. The success of our company over many decades proves his Golden Rule philosophy has held true.

Requirements

Minimum High School Diploma/GED.
Displays critical thinking and problem-solving skills resulting in effective judgement and decision making.
Effective negotiation skills.
Collaborative work style.
Proficient organizational, multi-tasking and prioritization skills to meet deadlines.

Nice To Haves

2+years of factoring experience that includes client facing activities and discussions
Possesses a positive attitude and self-motivation.
Proficient in Microsoft Office Suite and FactorSoft.
Bachelor’s Degree in Business Administration or related, or equivalent work experience.

Responsibilities

Conduct financial and/or credit analyses, ensuring compliance with internal regulations.
Provide full credit memos containing accurate and complete credit analysis of the loan applicant.
Analyze applicant’s business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections, and compare these elements to RMA.
Perform detailed financial analysis on prospective small business borrowers and guarantors, including trend and ratio analysis, and interpret the financial information to determine credit quality and cash flow adequacy.
Ability to make decisions on files with minimal supervision using good judgment.
Identify risk factors within each loan and utilizes resources, tools, and documentation to detect red flags and clear inconsistencies.
Collaborate with other team members on updating existing and creating new credit policies, procedures, operational efficiencies, and strategies.
Effectively communicate ideas to external partners, borrowers, and colleagues with a high level of accuracy using both written and verbal communication.
Input, process, review invoices and backup, and interact with clients on their fundings; assist with client funding request for assigned accounts.
Request debtor credit approvals for funding requests, as needed for accounts over their limit or that do not have an assigned credit limit.
Process invoice adjustments and invoice corrections for cash posting department.
Interact with clients in a friendly, professional manner for their day-to-day funding needs.
Match electronic payment to remittance details for cash posting.
Wire and transfer funds to clients.
Set up repetitive wires for clients.