Oxford Bank · 11 hours ago
Commercial Finance - ABL Underwriter
Auburn Hills, MI
Full-time
Onsite
Mid, Senior Level
3+ years expOxford Bank is a financial institution seeking a Commercial Finance - ABL Underwriter. The role involves underwriting loans, managing the underwriting process, and ensuring compliance with credit policies while mentoring junior analysts.
Financial ServicesVenture Capital
Responsibilities
Review proposals with salesperson before proposals are submitted to prospects
Responsible for underwriting ABL transactions and factoring facilities or facilities that may include an inventory or term loan component
Manage the underwriting process – prepare credit approval write up; recommend and set initial debtor limits; evaluate financial statements and other financial data; review legal contracts; review field exams, if applicable, and understand collateral and financial trends indicated therein; gain thorough understanding of the Prospect’s business and company’s asset conversion cycle
Meet management of the Prospect, prior to closing larger transactions
Manage due diligence and searches workflow and utilize Compliance Manager as needed
Manage onboarding of new clients to Operations
Due diligence includes a detailed analysis of the historical and projected financial performance of the Prospect to gauge the viability of the business over the term of the proposed credit facility
Collateral is reviewed for any potential exposure which should be considered ineligible or reserved from the facility
Upon receiving the appropriate internal approval, responsible for drafting and modifying Loan Documents based on the executed proposal and any additional conditions imposed during due diligence. Work with outside counsel to ensure that such terms and conditions are reflected in the drafted documents
Understand OCF’s credit policies and minimum underwriting standards
Present transactions to Senior Management or Board Loan Committee for approval
Assist, train and mentor Underwriting Analysts
Perform other ad-hoc duties as required, including underwriting other OCF products
Qualification
Required
Experience in analyzing or underwriting factoring and asset-based lending transactions
Knowledge of commercial lending with a focus on cash flow and other related technical analysis
Organized and attention to detail required to underwrite and understand a diverse group of loan transactions
Broad industry knowledge including industry niches such as staffing, manufacturing, service, government and wholesale
Good written and verbal communication skills, with the further ability to effectively negotiate documents
Bachelor's degree is preferred with a concentration in accounting or finance
3-5 years' experience in banking, risk management, secured lending, or commercial lending, with demonstrated strong credit management and financial statement analysis skills
Minimum 2-3 years of secured lending experience, with demonstrated track record of accomplishing objectives and exceeding goals
Field exam or equivalent experience required
Thorough knowledge of secured lending with skill set to underwrite large or small transitions for both factoring as well as Asset Based deals
Company
Oxford Bank
Oxford Bank is a commercial bank offering personal and business banking services.
51-200 employees
Funding
Current Stage
Public CompanyTotal Funding
$16.45M2021-09-30Post Ipo Equity· $16M
2016-01-01IPO
2014-09-02Seed· $0.45M
Leadership Team
D
David Lamb
President and CEO
Recent News
2025-11-19
2025-09-19
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