Vice President – Underwriter - Factoring

<div align="center" style="text-align: center;"><b>Join us today as the Vice President – Underwriter - Factoring!</b></div><div align="center" style="text-align: center;"><b>First Business Bank is a Top Workplaces USA company, learn more </b><a href="https://firstbusiness.bank/news/2024-top-workplace-usa-honor-third-consecutive-year/"><b>here</b></a><b>.</b></div><div align="center" style="text-align: center;"><b></b></div><div>At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority — they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other’s differences, and a focus on improving our communities, we are confident you’ll find the experience is your advantage. We’re delighted you’re considering joining us! </div><div> </div><div> <b>Location: </b>Remote. </div><div> </div><div><b> Overview:</b></div><div>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.</div><div> </div><div><b>Essential responsibilities of this role include: </b></div><ul style="margin-top: 0.0px;"><li>Partner with Business Development Officers to screen prospective clients and assist in structuring transactions using available financial information, pricing models, and credit insights</li><li>Conduct comprehensive due diligence through third-party resources, including D&B, UCC searches, payroll tax compliance tools, personal credit reports, and other relevant platforms</li><li>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</li><li>Assess the credit quality of account debtors using third-party credit reports, financial statements, trade references, and additional underwriting information</li><li>Compile, analyze, and present underwriting packages in approved format for review by First Business Credit authorities</li><li>Coordinate and assist in the preparation of factoring and related transaction documents</li><li>Provide recommendations to management on opportunities to enhance underwriting quality, efficiency, and process consistency</li><li>Support the broader success of the Accounts Receivable Finance department and First Business Bank through collaboration, leadership, and other related responsibilities as needed</li></ul><div><b>Qualifications</b></div><ul style="margin-top: 0.0in;"><li style="">10+ years of experience in Factoring underwriting</li><li style="">Strong ability to analyze financial information, identify risk, and make sound recommendations</li><li style="">Experience reviewing financial statements, credit reports, collateral quality, or operational risk factors</li><li style="">High attention to detail and the ability to manage multiple transactions and priorities</li><li style="">Strong written and verbal communication skills, including the ability to clearly present findings and recommendations</li><li style="">A proactive, team-oriented mindset and interest in improving processes</li></ul>