Vice President – Underwriter - Factoring

First Business Bank • Remote, WI

1d • Remote

About The Position

In this position, you will play a key role in evaluating prospective clients, assessing collateral and debtor credit quality, structuring transactions, and supporting sound credit decisions. You will also serve as a trusted partner to business development and leadership while helping improve underwriting processes and overall department efficiency.

Requirements

• 10+ years of experience in Factoring underwriting
• Strong ability to analyze financial information, identify risk, and make sound recommendations
• Experience reviewing financial statements, credit reports, collateral quality, or operational risk factors
• High attention to detail and the ability to manage multiple transactions and priorities
• Strong written and verbal communication skills, including the ability to clearly present findings and recommendations
• A proactive, team-oriented mindset and interest in improving processes

Responsibilities

• Partner with Business Development Officers to screen prospective clients and assist in structuring transactions using available financial information, pricing models, and credit insights
• Conduct comprehensive due diligence through third-party resources, including D&B, UCC searches, payroll tax compliance tools, personal credit reports, and other relevant platforms
• Evaluate the quality of accounts receivable proposed for purchase, including review of underlying contract language, dilution and offset risk, historical receivables performance, and other collateral considerations
• Assess the credit quality of account debtors using third-party credit reports, financial statements, trade references, and additional underwriting information
• Compile, analyze, and present underwriting packages in approved format for review by First Business Credit authorities
• Coordinate and assist in the preparation of factoring and related transaction documents
• Provide recommendations to management on opportunities to enhance underwriting quality, efficiency, and process consistency
• Support the broader success of the Accounts Receivable Finance department and First Business Bank through collaboration, leadership, and other related responsibilities as needed

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed