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Factoring Jobs in Alabama (NOW HIRING)

ThinkingAhead

Account Executive

Birmingham, AL · On-site

Position Overview The Factoring Account Executive is responsible for supporting the day-to-day management of a portfolio of factoring clients while developing the skills necessary to advance into a ...

Varsity Tutors

Algebra Tutor

Huntsville, AL · Remote

$18 - $40/hr

Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...

Varsity Tutors

Algebra Tutor

Montgomery, AL · Remote

$18 - $40/hr

Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...

Varsity Tutors

Algebra Tutor

Tuscaloosa, AL · Remote

$18 - $40/hr

Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...

Varsity Tutors

Algebra Tutor

Birmingham, AL · Remote

$18 - $40/hr

Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...

Alfa Freight Inc

Box Truck Owner Operator OTR

Mobile, AL · On-site

$5.5K - $8.0K/wk

No factoring fees * OTR freight across 48 states * 2 weeks out * Fuel card program with discounts * Sign-on bonus available * Clean DOT inspection bonus * 24/7 ELD and safety support Requirements ...

Sanmina

Enterprise Wide Prog/Analyst*

Huntsville, AL · On-site

... factoring code into a new language. • Learn software application and software Administrator tools. Qualifications : Required : • Must be a US Citizen • BS in Computer Science, Computer ...

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All JobsFactoring JobsFactoring Jobs in Alabama

Factoring information

See Alabama salary details

$17.2K

$70.1K

$102.4K

How much do factoring jobs pay per year?

As of Aug 31, 2026, the average yearly pay for factoring in Alabama is $70,071.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,700.00 and $75,700.00 per year, depending on experience, location, and employer.

What are factoring companies?

Factoring companies buy invoices and accounts receivable from other businesses and then undertake the collection process. They often pay only a fraction of the value of an invoice, as companies are often willing to sell at a loss to maintain cash flow and finance strategic business initiatives. Factoring companies are active in a variety of industries, and a corporation can benefit from factoring for several reasons. For example, staffing companies sometimes use factoring to remain solvent while awaiting payment from their clients, while tech companies may use it to generate funding while a project is in development.

What is factoring in finance?

Factoring is a financial transaction in which a business sells its accounts receivable (invoices) to a third party, called a factor, at a discount. This allows the business to quickly receive cash, rather than waiting for customers to pay their invoices. Factoring is commonly used by companies that need to improve cash flow or manage operations when customers have long payment terms. The factor assumes the responsibility of collecting payments from the business's customers. Factoring can be a useful tool for small and medium-sized businesses to meet short-term financial needs.

What are the key skills and qualifications needed to thrive as a factoring specialist, and why are they important?

To thrive as a Factoring Specialist, you need solid knowledge of finance, accounts receivable management, and risk assessment, typically backed by a degree in finance, accounting, or business. Familiarity with factoring software platforms, credit analysis tools, and financial reporting systems is often required. Strong analytical thinking, attention to detail, and effective client communication skills help you excel in client relations and fraud prevention. These skills ensure accurate evaluation of receivables, minimize risk, and support efficient cash flow solutions for clients.

What are the main challenges faced by professionals working in factoring operations, and how can they prepare for them?

Professionals in factoring often face challenges such as evaluating client creditworthiness, managing cash flow risks, and maintaining strong client relationships. The role requires careful attention to detail and the ability to quickly assess financial documents. To excel, candidates should develop strong analytical skills, stay current with regulatory changes, and be proactive in communication with both clients and internal teams. Building expertise in risk management and negotiation also helps in overcoming day-to-day obstacles.

What is the difference between Factoring vs Accounts Receivable Specialist?

AspectFactoringAccounts Receivable Specialist
Primary RolePurchasing receivables from businesses to provide immediate cashManaging and collecting outstanding customer invoices
CredentialsNo specific certifications required, but financial knowledge helpsAccounting or finance certifications often preferred
Work EnvironmentFinancial institutions, factoring companiesCorporate finance, accounting departments
Industry UsageFinance, lending, factoring servicesBusiness, finance, accounting sectors

Factoring involves purchasing receivables to improve cash flow, while Accounts Receivable Specialists focus on managing and collecting invoices. Both roles are essential in financial operations but serve different functions within the cash flow management process.

More about Factoring jobs

What are the most commonly searched types of Factoring jobs in Alabama?

The most popular types of Factoring jobs in Alabama are:

What are popular job titles related to Factoring jobs in Alabama?

For Factoring jobs in Alabama, the most frequently searched job titles are:

What job categories do people searching Factoring jobs in Alabama look for?

The top searched job categories for Factoring jobs in Alabama are:

What cities in Alabama are hiring for Factoring jobs?

Cities in Alabama with the most Factoring job openings:

Factoring jobs near you
Infographic showing various Factoring job openings in Alabama as of August 2026, with employment types broken down into 56% Full Time, and 44% Part Time. Highlights an 100% In-person job distribution, with an average salary of $70,071 per year, or $33.7 per hour.

Business Development Officer

Birmingham, AL

ThinkingAhead
51 - 200 employees
Learn more about ThinkingAheadexternal

Full-time

Posted 6 days ago

Job description

Position Overview

The Business Development Officer is responsible for generating, developing, and closing new factoring and accounts receivable financing opportunities within an assigned market.

The successful candidate will develop relationships with business owners, CFOs, financial professionals, commercial bankers, brokers, CPAs, attorneys, turnaround professionals, and other referral sources to identify prospective clients.

This is an origination position requiring the ability to independently prospect, qualify opportunities, develop relationships, and work with underwriting and credit teams to structure transactions that meet the company's risk and return objectives.

The ideal candidate has experience in factoring, asset-based lending, commercial banking, business development, or another form of commercial finance and understands the working-capital needs of small and middle-market businesses.

Key Responsibilities

New Business Development

  • Develop and execute a business development strategy within an assigned geographic or industry market.
  • Identify, prospect, and cultivate new factoring and accounts receivable financing opportunities.
  • Generate new business through direct prospecting, referral sources, networking, industry events, and existing relationships.
  • Maintain a consistent pipeline of qualified prospects.
  • Conduct introductory meetings and calls with business owners, CFOs, controllers, and other senior decision-makers.
  • Educate prospective clients on factoring, accounts receivable financing, and working-capital solutions.
  • Meet or exceed established production and revenue goals.

Relationship Development

  • Establish and maintain relationships with business owners and senior financial executives.
  • Develop referral relationships with:
    • Commercial banks
    • CPAs
    • Attorneys
    • Turnaround and restructuring professionals
    • Business brokers
    • Private equity professionals
    • Consultants
    • Other financial intermediaries
  • Maintain regular contact with referral partners and identify opportunities for reciprocal business.
  • Represent the company professionally within the factoring and commercial finance community.

Deal Origination & Structuring

  • Conduct preliminary analysis of prospective clients and determine whether opportunities fit the company's target market.
  • Review financial statements, accounts receivable agings, customer concentrations, borrowing requirements, and business performance.
  • Understand the client's working-capital requirements and recommend appropriate financing structures.
  • Gather financial and collateral information necessary for underwriting.
  • Prepare preliminary deal summaries and credit presentations.
  • Work closely with Credit, Underwriting, Operations, and Portfolio Management to move transactions through the approval process.
  • Participate in negotiations regarding advance rates, reserves, fees, pricing, and other transaction terms.
  • Manage the relationship throughout the closing process to ensure a smooth transition to the Account Management team.

Pipeline & Market Management

  • Maintain accurate and current information within the company's CRM.
  • Track prospects from initial contact through closing.
  • Maintain appropriate levels of prospecting and pipeline activity.
  • Monitor market trends, competitive products, and pricing.
  • Identify underserved industries and geographic markets that may present opportunities for growth.
  • Develop a strong understanding of competing factoring and ABL providers.

Portfolio & Client Support

  • Maintain relationships with newly originated clients following closing.
  • Work with Account Management to ensure successful onboarding and client transition.
  • Identify opportunities to expand existing relationships through increased factoring volume or additional financial products.
  • Monitor client relationships for potential cross-selling and referral opportunities.
  • Assist with client retention and relationship development as appropriate.

Qualifications

  • Bachelor's degree in Finance, Accounting, Business, Economics, or a related field preferred.
  • 3–7 years of experience in factoring, asset-based lending, commercial banking, commercial finance, business development, or a related financial services field.
  • Demonstrated experience generating and developing new business.
  • Existing relationships within the business, commercial banking, factoring, or financial services community strongly preferred.
  • Working knowledge of accounts receivable financing and commercial credit.
  • Ability to analyze financial statements and accounts receivable aging reports.
  • Strong understanding of working-capital requirements for small and middle-market businesses.
  • Excellent prospecting, presentation, negotiation, and closing skills.
  • Strong written and verbal communication skills.
  • Ability to work independently while collaborating effectively with credit and operations teams.
  • Willingness to travel within the assigned market as needed.