At Truckstop, we have transformed the entire freight-moving lifecycle with our SaaS solutions. From freight matching to payments and everything in between, we are the trusted partner for carriers, brokers, and shippers alike. We lead this industry forward with our One Team mindset committing to principles such as assume positive intent, have each other’s back, and be your authentic self. Our drive for greatness produces high expectations, yet our regard for humans is even higher. Join a team of brilliant minds and generous hearts who care deeply about other's success.
Position Summary:
As a Factoring Underwriter you will work directly within the Truckstop Factoring Division to review background, finances, motor carrier qualifications and determine the risk of incoming applicants. Factoring is accounts receivable financing in which a business sells its invoices or accounts receivables to a third-party financial company known as a “Factor.” The factor then collects payment on those invoices from that business’s customers or debtors.
Essential Job Functions:
- Evaluate potential application background information including financials, court records, and credit resources to analyze risk.
- Setup new clients within operations systems and communicate with sales and support teams throughout the review process.
- Review UCCs, court records and other legal documents.
- Maintain active and inactive client monitoring.
- Review and analyze reports, business documents, legal documents and tax documents of potential clients.
- Maintain communication follow-ups with the clients, and internal departments to remain in compliance with regulations and business requirements.
- Work as a team to maintain project goals.
- Create and modify closing legal documents to finalize account setup.
- Communicate with other factoring companies to process and complete account buyouts.
Position Requirements:
- High school diploma or equivalent
- Proficient in Microsoft Office (Outlook, Excel, Word) and use of office equipment
- Strong work ethic and organizational skills
- Ability to communicate effectively verbally and in writing
- Ability to maintain records and multitask within various responsibilities
- Ability to work with other departments and organizational groups to meet a common goal
- Preferred: Experience with transportation, factoring, financing, or banking
- Preferred: Experience with UCC (Uniform Commercial Code)
- Ability to work from 8:30am-5pm MST
At Truckstop we are dedicated to creating a workplace that is equitable, inclusive, and inspiring for every employee. In an effort to provide greater transparency, we are sharing the base salary range for this position. The position is also eligible for a yearly bonus. Final salary is based on a number of factors including market location, job-related knowledge, education/training, certifications, key skills, experience, internal peer equity as well as business considerations.
The anticipated base pay range for this position is :
$19—$21 USD
The above description covers the most significant duties performed but does not include other related occasional work that may be assigned or is completed by the employee.
Truckstop provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Truckstop participates in the E-Verify program. Learn more about the E-Verify program here: https://www.e-verify.gov/
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Top Skills
What We Do
At Truckstop, our One-Team mindset has transformed big dreams into epic success. We commit to principles such as assume positive intent, have each other’s back, and be your authentic self. This results in a feeling of connectedness, so no one feels isolated in a remote work world. Together, we build technology that determines the future of freight.
Partners make the impact.
We call our employees partners because we are interdependent upon each other to achieve greatness. From day one, we empower our partners with the freedom to innovate, take smart risks, and voice bold ideas. This autonomy allows our partners to think big and make an impact.
Imagine greatness and own it.
Imagine a place where you are equipped to drive your career – where exploration is encouraged, and opportunities present themselves to the curious. This is Truckstop.com. Our TLC (Truckstop Learning Center) and AI Talent Marketplace are examples of tools that help our partners develop new and critical skills. We are committed to empowering our partners to own their greatness.
Flexibility to help you balance.
We encourage our partners to embrace the richness of North America like the trucker who drives its highways. Whether seaside, countryside, or citified, wherever our partners draw inspiration from is where we want them to be. If it’s in an office or working from home, we set them up with the resources they need to excel.
The best of two worlds.
After 25 years of steady growth and profitability, Truckstop.com caught the eye of tech investor ICONIQ Capital. They saw how our breakthrough SaaS solutions impact an $800 billion industry. Our partners enjoy the stability of historical success yet are primed for exponential growth.
Why Work With Us
We are creating a culture of brilliant minds and generous hearts who care deeply about other's success. Our drive for greatness produces high expectations, yet our regard for humans is even higher.
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