Senior Underwriter

Southstar Capital LLC • Mount Pleasant, SC

6d

About The Position

We are seeking an experienced Senior Underwriter 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 a deep knowledge of Commercial Finance with the ability to balance credit risk with business growth objectives.

Requirements

• Bachelor’s degree in Accounting, Business, or related field
• 3+ years of underwriting experience in 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.
• Understanding of the underwriting process by asset class.

Responsibilities

• Champion the underwriting process for credit facilities, from initial assessment through final approval.
• Conduct in-depth analysis of borrower and account debtor financials, cash flow trends, debt levels, and liquidity.
• Evaluate collateral quality by asset class, with an emphasis on accounts receivable verification, debtor concentrations, and invoice aging reports.
• 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.
• 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.
• Work with business development teams to structure competitive yet risk-appropriate proposals.
• Work with legal counsel and senior management 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.
• Provide ongoing oversight of approved facilities, monitoring borrower performance against projections and covenants.
• Analyze trends in client AR quality, debtor payment performance, and borrowing base compliance.
• Recommend facility modifications, risk rating changes, or exit strategies as needed.
• Stay informed on economic conditions, industry trends, and competitive practices impacting factoring and asset-based lending.
• Leverage industry knowledge to anticipate risks and identify new underwriting opportunities.

Benefits

• 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
• Profit sharing per company handbook guidelines

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 101-250 employees