Note: The job is a remote job and is open to candidates in USA. Ocean Bank is seeking a VP; Factoring Business Development Officer responsible for generating new factoring business and developing client relationships. This role focuses on identifying qualified prospects and structuring financing solutions to support the Bank's profitability and portfolio expansion.

Responsibilities

• Originate and develop new factoring opportunities through prospecting, market outreach, networking, and referral source relationships
• Assess client financing needs and structure factoring solutions aligned with credit, profitability, and portfolio growth objectives
• Prepare and support factoring packages for underwriting and approval
• Negotiate business terms and present factoring products to prospective clients and referral partners
• Monitor portfolio performance, client exposure, and market trends
• Partner with internal stakeholders and the Factoring Operations Team to identify emerging risks, preserve credit quality, and support sound portfolio administration
• Manage and deepen client relationships’ following onboarding by maintaining regular contact, supporting retention efforts, identifying additional factoring volume, and uncovering cross-sales where appropriate

Skills

• Associates Degree in Business Administration, Accounting or Finance
• 4+ years of experience directly related to Factoring Sales and negotiations of factoring contracts
• Strong factoring sales experience and relationship management skills
• Ability to develop a sustainable pipeline of profitable business opportunities
• Must be able to travel and visit prospected new clients nationwide for potential sales meetings/client visits
• Must possess a formal credit training background
• Ability to creatively analyze receivables purchase
• Strong reasoning, analytical, organizational, interpersonal, verbal and written communication skills
• Strong understanding of underwriting/credit worthiness of potential clients
• Must possess excellent organizational, interpersonal, time management, written and verbal communication skills
• Computer proficiency in MS Software (e.g. Excel, Word, and Outlook)
• Existing book of factoring business along with New Broker Relationships a Huge Plus
• Bachelor's Degree in Business Administration, Accounting or Finance
• 2+ years of experience directly related to Factoring Sales and negotiations of factoring contracts

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