Senior Underwriter

1 hour ago

Mt Pleasant, South Carolina, United States SouthStar Capital LLC Full time

Senior Underwriter

Location: Charleston, SC

About the Role

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.

Key Responsibilities

  • Transaction Underwriting & Credit Analysis
  • 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.
  • Risk Assessment & Structuring
  • 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.
  • Credit Memo Preparation & Presentation
  • 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.
  • Cross-Functional Collaboration
  • 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.
  • Portfolio Management & Monitoring
  • 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.
  • Market & Industry Insight
  • 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.

Qualifications

  • 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.

What We Offer

  • 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

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