Commercial Credit Group Inc.

Underwriter (FT)

Salt Lake City, UtahFull-time
About the Job
Commercial Funding Inc. (CFI) is a national accounts receivable finance, factoring and asset-based lending company located in Salt Lake City, UT. We are a subsidiary of Commercial Credit, Inc., one of the largest privately held commercial finance companies in North America, specializing in equipment finance for the construction, fleet transportation, manufacturing, and waste industries. Our commitment to relationships and customer service has produced excellent financial performance through all cycles since our founding in 2004. We hold our originations on our balance sheet, which is funded through a combination of committed revolving bank credit facilities, asset-backed securities, unsecured debt, and equity.

Position Summary:
We are seeking a highly skilled individual to join our team. The Factoring/ABL Underwriter will be responsible for the preparation or underwriting memorandums including the collection, assembly, and organization of all supporting materials related to and requisite to the underwriting process.

  • Perform credit analysis of AR agings, financial statements, and other information to determine eligibility of factoring or ABL transactions within CFI’s credit parameters
  • Communicate directly with prospects and internally with the sales and account management teams
  • Perform and review UCC, Tax Guard, Experian, D&B, and other credit searches
  • Prepare credit approval memos and present transactions to a credit committee 
  • Create documentation for approved transactions 
  • Coordinate an efficient transition from underwriting to the account management team
  • Use judgment and arrive at an underwriting conclusion based on available information
  • Engage 3rd party collateral exam firms to perform collateral testing when necessary
  • Provide daily updates to the prospect and internally on underwriting transactions
  • Ability to prioritize work but still meet required deadlines
Required Skills:
  • Understanding of accounts receivable financing including financial analysis, AR lending eligibility, UCC priority, and loan documentation
  • Strong communication, interpersonal, and analytical skills
  • Experience in maintaining a positive working relationship with clients while managing the credit risk of the organization
  • An ability to spread and understand financial statements
  • A self-starter that will get tasks done timely and look for additional ways to mitigate risks and streamline underwriting processes
  • Desire to learn on the job and increase your credit evaluation skills
Preferred Qualifications:
  • Bachelor’s Degree in business, finance, economics, or accounting or commensurate amount of applicable work experience
  • 3+ years experience in underwriting commercial loans or as a commercial relationship manager
  • Experience underwriting factoring and/or asset-based loan transactions is a plus.
  • Strong written and verbal communication skills
CFI offers an entrepreneurial small company approach to doing business emphasizing customer service and relationships with the financial capabilities of a large institution.  For more information, please visit us at

Interested candidates should send a resume and cover letter to