Underwriting Specialist

Job Description

Net New

Underwriting Specialist

REV Capital is looking for a talented underwriter to join our team. Reporting to the Director of Credit and Underwriting, you will assess prospective and existing factoring clients, lead due diligence from application through closing, and recommend approvals and terms that support our clients' growth while protecting the portfolio.

About REV Capital:

REV Capital is the leading provider of full-service factoring services in Canada and the United States, with eight offices across North America! We support thousands of businesses with invoice management, credit underwriting, and collection services. By offering dedicated support and transparent access to the factoring process, we help our clients grow their operations, maintain their competitive edge, and become leaders in their industries.

When you join REV Capital, you are joining a growing team of over 100 professionals assisting clients with the success of their business each day! With a passion for helping others, a focus on diversity and inclusivity, and a flexible environment to grow both professionally and personally, there is no limit to where you can take your career. Ready to take the next step?

About You:

You are an experienced and detail-oriented credit professional with a deep understanding of credit analysis, risk management, and financial assessment. Your strong analytical abilities and problem-solving skills enable you to assess creditworthiness, support underwriting decisions, and develop strategies to mitigate risk while facilitating business growth.

Key Responsibilities:

Client Underwriting and Due Diligence (75%):

• Review new credit applications, assess credit risk, and make data-driven credit decisions in accordance with company policies.
• Utilize external credit reporting agencies to gather and validate credit data.
• Analyze financial statements, accounts receivable and payable aging, debtor concentrations, and industry trends to assess each client's creditworthiness and fit with REV Capital's credit policies.
• Conduct in-depth credit investigations on existing customers to determine appropriate credit limits.
• Prepare the credit memo, and recommend approval, advance rates, limits, and conditions within delegated authority. Track approval conditions to completion and confirm all required documents are received before a client is onboarded.
• Communicate credit decisions and recommendations to internal stakeholders.

Portfolio Reviews and Reporting (25%):

• Conduct periodic reviews of active clients, updating financial information, risk assessments, and terms as needed.
• Escalate deteriorating client performance or emerging risks to the Director of Credit and Underwriting.
• Compile reports on the new client pipeline, approval turnaround, and client risk for management.
• Ensure compliance with corporate credit policies and risk management guidelines.
• Participate in credit information-sharing forums and internal high-risk account reviews.
• Work closely with Sales and Management teams to align credit strategies with business objectives.

Qualifications & Skills:

• 2 - 4 years of commercial credit, underwriting, or lending experience.
• Bachelor's degree in business, finance, or a related field.
• Strong ability to analyze financial statements, aging’s, and credit reports to assess the creditworthiness of small and mid-sized businesses.
• Experience using commercial credit reporting agencies such as D&B and Equifax.
• Sound judgment and the confidence to make recommendations, navigate ambiguity, and negotiate terms.
• Clear written and verbal communication, including credit memos that present complex information simply.
• Highly organized, with the ability to manage multiple files and deadlines in a fast-paced environment.
• Proficiency in advanced computer applications and financial analysis tools.
• Experience in factoring, asset-based lending, or transportation is an asset.
• Immediate availability to join is preferred

What we offer:

• Competitive compensation plan
• Employer-matching RRSP program
• Flexible work schedule
• Growth and development opportunities
• Excellent medical, dental, and vision benefits
• Team outings and social events

🤖 AI Notice

At REV Capital, we love using AI to make our processes smarter: it helps us draft engaging job descriptions, organize information, and stay on top of details.

Feel free to use AI tools to prepare, research, or practice for your interview (we see you, ChatGPT fans 👀!). But when it comes to the conversation, we want to meet the real you, no AI substitutes needed. Bring your authentic, unfiltered self, and we promise we’ll do the same.

And don’t worry, real people are behind every step of our hiring process. Every application is personally reviewed, and you’ll always interact with humans throughout interviews. No bots, just genuine connections.

Let your journey at REV Capital begin!