SouthStar Capital, LLC · 3 weeks ago
Senior Underwriter- Factoring/Asset Based Lending
Atlanta, GA
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expSouthstar Capital LLC is seeking an experienced Senior Underwriter specializing in Factoring/Asset Based Lending to join their growing team. This role is critical in evaluating, structuring, and approving credit facilities for small to mid-sized businesses, balancing credit risk with business growth objectives.
Financial ExchangesFinancial ServicesPersonal Finance
Responsibilities
Lead the underwriting process for Factoring/ABL credit facilities, from initial assessment through final approval
Conduct in-depth analysis of client and account debtor financials, cash flow trends, debt levels, and liquidity to determine repayment capacity
Evaluate collateral quality, 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
Partner with the Sales team to structure competitive yet risk-appropriate proposals
Work closely with legal counsel 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 client performance against projections and covenants
Analyze trends in client AR quality and debtor payment performance
Recommend facility modifications, risk rating changes or exit strategies as needed
Provide training, guidance, and coaching to junior underwriters and analysts
Help standardize underwriting best practices, credit risk frameworks, and approval processes
Contribute to continuous improvement initiatives within the Credit & Risk department
Stay informed on economic conditions, industry trends, and competitive practices impacting factoring
Leverage industry knowledge to anticipate risks and identify new underwriting opportunities
Qualification
Required
Bachelor's degree in Finance, Accounting, Business, or related field (MBA or CPA preferred)
10+ years of underwriting experience in, factoring, or 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
Preferred
MBA or CPA
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
Company
SouthStar Capital, LLC
SouthStar Capital is always present to meet your unique cash flow needs.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$6.51M2018-02-12Debt Financing· $0.2M
2014-01-23Series Unknown· $6.31M
2014-01-23Debt Financing
Leadership Team
Bernard Linney
Chief Executive Officer
Susan Linney
Chief Financial Officer
Recent News
2023-09-27
SEC
2023-01-19
SEC
2022-09-19
Company data provided by crunchbase