Senior Factoring Underwriter & Credit Specialist

Settle•, (Multiple States)

16d•$95,000 - $119,000•Remote

About The Position

Settle is seeking an experienced Senior Factoring Underwriter & Credit Specialist with direct, hands-on accounts receivable (A/R) factoring expertise. The role leads credit evaluation, risk structuring, and ongoing portfolio oversight for invoice factoring facilities serving high-growth e-commerce, CPG, and B2B wholesale businesses. The specialist evaluates debtor creditworthiness, verifies invoice authenticity, establishes debtor credit limits, manages dilution risk, and ensures security interests are properly perfected. This includes UCC lien searches and filings, Notices of Assignment, and tri-party lockbox accounts. The position also collaborates with Product, Engineering, Operations, and Risk teams to automate factoring workflows and develop the working capital platform. The role uses AI tools to support credit memo preparation, agreement-data extraction, and verification audit trails. The annual base salary range is $95,000–$119,000, plus equity and benefits. Candidates must be authorized to work in the United States without current or future visa sponsorship.

Requirements

At least 3 years of direct, hands-on commercial A/R factoring underwriting experience, recourse or non-recourse, at a commercial finance company, factoring house, bank factoring division, or specialized fintech.
Ability to read and interpret complex UCC lien searches and identify prior blanket liens, PMSIs, tax liens, and other active encumbrances; experience structuring lien releases, subordinations, and intercreditor deeds under UCC Article 9.
Demonstrated experience evaluating account-debtor risk, setting debtor-level credit limits, and handling credit insurance policies.
Thorough understanding of invoice verification, assignment procedures, lockbox structures, and dispute resolution.
Strong credit-analysis skills, including balance-sheet and P&L analysis, cash-flow modeling, and detailed A/R aging analysis.
Interest in modernizing factoring processes and working with engineering teams on automated underwriting and verification workflows.
At least 1 year of practical experience using generative AI tools such as ChatGPT, Claude, or Gemini to improve analytical and administrative workflows.
Proficiency in MS Excel or Google Sheets, SQL, and core factoring software platforms.

Responsibilities

Underwrite prospective factoring facilities and establish individual account-debtor credit limits using credit agency reports, payment trends, trade references, and financial statements.
Analyze UCC lien searches, tax lien reports, and judgment filings; identify prior or conflicting security interests; and coordinate lien releases, terminations, subordinations, and intercreditor agreements to secure a first-priority position in factored accounts receivable.
Review and verify invoices, purchase orders, bills of lading, and proof of delivery before funding; assess debtor concentration, receivables aging, and customer dispute risk.
Model and monitor dilution factors, including chargebacks, trade discounts, returns, and co-op advertising offsets, to set advance rates and reserve holdbacks.
Oversee UCC-1 filings and ongoing lien maintenance, Notice of Assignment deliveries, and lockbox or account-control agreements.
Monitor portfolio collections, remittance trends, daily lockbox reconciliations, aged receivables, unapplied cash, and early signs of borrower or debtor distress.
Collaborate with Product, Engineering, and Risk Operations to turn manual factoring, lien-checking, and verification processes into scalable software features.
Use generative AI tools to accelerate credit memo generation, extract information from debtor agreements, and streamline verification audit trails.