Asset Based Lending Underwriter

Garrington Group; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

Garrington Group is seeking an Underwriter to analyze and evaluate opportunities under the company’s risk criteria and credit policies. The role emphasizes client service, collateral analytics and risk mitigation within a dynamic, entrepreneurial environment.

The position supports a flexible/hybrid work arrangement with a primary office in Toronto, Ontario. Candidates should bring strong analytical skills and experience in asset-based lending or related commercial lending roles.

Qualifications

• Experience in asset-based lending or underwriting is highly valued.
• Solid understanding of financial statements and accounting principles.
• Familiarity with commercial finance documentation and loan agreements is a plus.
• Excellent client service skills with professional communication across channels.

Responsibilities

• Manage all facets of the underwriting process from initial assessment to credit memos.
• Analyze collateral, financials and other variables to support underwriting approvals.
• Review and negotiate legal documents with counsel and internal teams.
• Collaborate with sales to structure and negotiate deals within risk guidelines.
• Proactively assess and report on new opportunities and key metrics.
• Provide feedback to clients and stakeholders to balance risk with opportunity.

Skills

ABL lending

Underwriting

Financial statements

Client service

Analytical skills

Attention to detail

Education

College/University degree in Business/Finance

Tools

MS Word

Excel

Job description

COMPANY OVERVIEW

The Garrington Group of Companies specializes in providing working capital and trade finance services to small- and medium-sized companies. We believe in respect, integrity, transparency and follow-through. Every day we work hard to do what’s right for our clients, and can help navigate many different types of challenges with confidence, creativity and perseverance.

Please visit https://garringtoncapital.com for more information.

Position Summary:

Join the dynamic team of a leading North American private debt provider with a primary focus on asset based lending. The Underwriter will be responsible for ensuring that new prospective opportunities are analyzed and evaluated within the company’s established risk criteria and credit policies. Key to this position is the ability to provide excellent client service while employing established best practices with respect to risk mitigation and collateral analytics.

This position is for individuals who excel in an entrepreneurial environment, who possess strong analytical skills, with a keen desire to discover, understand and interpret key components in large data streams.

This is a flexible/hybrid position with remote work a possibility for the right candidate. Our primary office is in Toronto, Ontario.

Key Duties and Responsibilities:

• Responsible for all facets of the underwriting process. You will assist with structuring deals, manage 3rd party professionals supporting our due diligence, review all information & reports and create credit memos to summarize the transaction.
• Analyze collateral, financial and other variables as you prepare underwriting approvals.
• Review & negotiate legal documents with support of external counsel and internal resources.
• Collaborate with the sales team to explore and negotiate deals with prospects.
• Proactively assess, analyze and report on new opportunities.
• Liaise and provide meaningful and helpful feedback to both external clients and internal stakeholders.
• Structure new deal opportunities to fit within established guidelines and risk tolerances.
• Constant application of established best practices for client management, risk mitigation and collateral control.
• Ability to efficiently review and parse large data streams to capture meaningful information and report same to internal and external stakeholders.
• Perform other related duties as required.

Key Knowledge, Skills and Abilities:

• Past ABL lending experience will be a key differentiating factor in preferred candidates. Underwriting experience will be most valuable, but other facets – including field exam experience – will be considered.
• Excellent understanding of financial statements and general accounting principles.
• Knowledge of commercial finance documentation (typical language in loan agreements, etc.) would be ideal.
• Exceptional customer service & interpersonal skills. Confident engaging clients via email, phone and in-person using a friendly, positive and professional tone.
• Ability to build exceptional client experiences, with passion and curiosity to help clients meet their needs and solve their concerns – while balancing the company’s risk exposure.
• Sound computer literacy, including knowledge of MS Word and Excel.
• Strong analytical, critical-thinking, and problem-solving skills.
• Excellent attention to detail and high accuracy in a busy and dynamic environment.

Education and Experience:

• College or University Degree, preferably in Business Administration, Accounting or Finance, or an equivalent combination of education and work experience.
• 3-5 years of commercial finance underwriting experience and/or another commercial lending role, ideally in a series of progressive positions.
• Experience within the alternative finance industry, including Asset Based Lending and Factoring, considered a meaningful asset.
• Field audit or field examiner experience also considered an asset.

We thank all applicants for showing their interest. However, only candidates under consideration will be contacted.

Please note: All employment is conditional upon completing and obtaining a satisfactory background check, including educational and employment references. Must be able to legally work in Canada.

Employment Equity

We are proud to be an equal opportunity employer striving to foster an inclusive and accessible environment. We are committed to creating an atmosphere without discrimination. We encourage applications from those who will enhance the diversity of our community.

We are committed to providing accommodations for people with disabilities. Should you require an accommodation during the interview process, please make your needs known in advance and we will work with you to meet your accessibility needs.