[Hiring] Senior Factoring Underwriter & Credit Specialist @Settle

Role Description

We are seeking an experienced Senior Factoring Underwriter & Credit Specialist with direct, hands-on expertise in accounts receivable (A/R) factoring. In this role, you will lead the credit evaluation, risk structuring, and day-to-day portfolio oversight of invoice factoring facilities for high-growth e-commerce, CPG, and B2B wholesale businesses.

This role is specifically tailored for an expert who understands the operational, legal, and credit nuances of invoice factoring. Beyond analyzing classic financial statements, you will evaluate debtor creditworthiness, verify invoice authenticity, establish debtor credit limits, manage dilution risk, and ensure proper perfection of security interests.

• Factoring Credit Underwriting: Underwrite prospective client factoring facilities and establish credit limits on individual account debtors using credit agency reports (D&B, Experian, CreditSafe), payment trends, trade references, and financial statements.
• UCC Search Analysis & Lien Perfection: Thoroughly read, interpret, and evaluate UCC lien searches, tax lien reports, and judgment filings; identify senior or conflicting security interests and coordinate lien releases, terminations, subordination agreements, and intercreditor deeds.
• Invoice Verification & Collateral Analysis: Review and verify invoices, purchase orders, bills of lading, and proof of delivery prior to funding; assess debtor concentration, aging trends, and customer dispute risk.
• Dilution & Reserve Management: Model and monitor dilution factors to set appropriate advance rates and reserve holdbacks.
• Legal & Perfection Controls: Oversee UCC-1 financing statement filings, continuous lien maintenance, Notice of Assignment deliveries, and lockbox/account control agreements.
• Portfolio & Debtor Monitoring: Track ongoing portfolio collections, remittance trends, daily lockbox reconciliations, aged accounts receivable, unapplied cash, and early warning signs of borrower or debtor distress.
• Product Collaboration: Partner directly with Product, Engineering, and Risk Operations teams to translate manual factoring operations into scalable, automated fintech software features.
• AI-Driven Efficiency: Leverage AI tools to accelerate credit memo generation, extract data from complex debtor agreements, and streamline verification audit trails.

Qualifications

• Direct Factoring Experience (Mandatory): Minimum of 3+ years of direct, hands-on commercial accounts receivable (A/R) factoring underwriting experience.
• UCC Lien Analysis & Perfection Expertise: Proven ability to read and interpret complex UCC lien search reports.
• In-Depth Debtor Analysis: Demonstrated track record in evaluating Account Debtor risk and setting debtor-level credit limits.
• Verification & Operational Rigor: Thorough understanding of invoice verification methodologies and dispute resolution.
• Financial & Analytical Skills: Strong credit fundamentals, including balance sheet and P&L analysis.
• Fintech & Product Orientation: Desire to modernize legacy factoring processes and work alongside engineering teams.
• Tech & AI Proficiency: 1+ years of practical experience using Generative AI tools and proficiency in MS Excel/Google Sheets, SQL, and core factoring software platforms.

Requirements

• Directly Qualifying Experience (Required): 3+ years of direct commercial invoice factoring underwriting.
• Non-Qualifying Experience (Does Not Meet Role Scope): Merchant Cash Advance (MCA) underwriting based solely on bank statement cash flows or credit card receivables.

Benefits

• Flexible PTO
• Flexible and remote work culture
• Competitive compensation and equity
• Health, dental, and vision coverage for you and your dependents
• 401k
• HSA/FSA
• Employee Referral Program

Company Description

At Settle, we know that cultivating diversity and fostering an inclusive work environment is critical to our impact and success. We create an environment where no individual is advantaged or disadvantaged because of their background. We offer equal opportunity employment regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability status, age, marital status, or protected veteran status.