Job Summary:

Works directly with Bay View Funding’s Business Development Officers and is responsible for reviewing and approving new business factoring applicants.

Pay Range: Base Compensation is dependent upon role, experience, and skill set: Min- $86,295/yr Max- $143,825/yr

Essential Duties and Responsibilities:

• Responsible for reviewing and approving new business factoring applicants.

• Performs credit analysis for both client and client’s customers to determine eligibility for factoring program.

• Works with Business Development officers, Private Label Clients and third party referral parties in reviewing, structuring and approving factoring facilities for prospective clients.

• Works directly with Credit Administrators to request and review results of due diligence, and prepare factoring documentation.

• Works with Portfolio Management to audit and confirm receivables for initial advance to new client.

• Reviews various forms of third party loan documentation that may require subordination agreements.

• Negotiates and prepares subordination and/or creditor agreements with other institutions or tax authorities.

• Negotiates factoring documents with prospective clients which may include interacting with attorneys representing the prospective client and/or Bay View Funding.

• Assists Portfolio Management (as needed) to re-document existing client’s factoring facilities.

• All other duties and responsibilities as assigned.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Compliance Responsibilities:

The employee is responsible for ensuring compliance with all aspects of job-related laws and regulations and must maintain current compliance knowledge by attending compliance related training seminars and staff meetings and by reading pertinent compliance related materials.

Job related laws and regulations include but are not limited to the following: Bank Secrecy Act (BSA); Office of Foreign Asset Control (OFAC); Vendor Management; Information and Data Security; and SEC regulations related to corporate governance and disclosure.

Benefits:

Competitive salary, bonus plan, medical, dental, group life & long-term care insurance, vision care reimbursement, 401(k), and tuition reimbursement program, and a health club allowance.

Heritage Bank of Commerce is an Equal Opportunity Employer committed to diversity and inclusion. We do not discriminate on the basis of race, color, ethnicity, religion, sex, sexual orientation, gender identity, national origin, marital status, genetic information, disability, Veteran status, or any other characteristic protected by Federal, state or local laws.