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Factoring Jobs (NOW HIRING)

TAB Bank

Inside Sales Specialist

Plano, TX

Responsible for the full sales process of factoring products to prospective transportation customers and other industries. * Independently conduct prospecting and initial due diligence on prospective

TAB Bank

Inside Sales Specialist

Plano, TX · On-site

Responsible for the full sales process of factoring products to prospective transportation customers and other industries. * Independently conduct prospecting and initial due diligence on prospective

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Factoring information

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$19K

$77.3K

$113K

How much do factoring jobs pay per year?

As of Jul 1, 2026, the average yearly pay for factoring in the United States is $77,308.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,500.00 and $83,500.00 per year, depending on experience, location, and employer.

What jobs make $1,000,000 a year?

In factoring or finance-related roles, high-level positions such as hedge fund managers, private equity partners, and investment bankers can earn $1,000,000 or more annually through salaries, bonuses, and profit sharing. These jobs typically require advanced degrees, extensive experience, strong analytical skills, and often involve high-pressure environments and long hours.

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 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 a factoring job?

A factoring job involves managing accounts receivable by purchasing unpaid invoices from businesses at a discount, providing immediate cash flow. Professionals in this field analyze creditworthiness, negotiate terms, and use financial software to process transactions. It is common for factoring specialists to have a background in finance or accounting and to work in financial services environments.

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.

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 top 5 factoring companies?

Factoring companies provide accounts receivable financing to businesses, with leading firms including BlueVine, Fundbox, Riviera Finance, TCI Business Capital, and CIT Commercial Services. These companies offer quick funding solutions, often requiring minimal collateral and supporting industries like manufacturing and transportation. Job seekers in factoring roles should have strong financial analysis skills and familiarity with credit assessment tools.

What jobs pay 500,000 a year in the US?

In the field of factoring or finance, senior roles such as chief financial officers, investment bankers, and private equity executives can earn annual compensation of $500,000 or more, often including bonuses and stock options. These positions typically require extensive experience, advanced degrees, and strong industry networks. High-level sales and executive roles in related financial services may also reach this income level.
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Factoring jobs near you
Inside Sales Specialist

Inside Sales Specialist

TAB Bank

Plano, TX

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

An inside sales specialist is responsible for generating and qualifying leads, educating businesses about factoring services, and converting prospects into clients. This role is ideal for a self-starter with strong communication skills and a passion for helping small to medium size businesses access fast, flexible working capital through invoice factoring.

 Essential Duties and Responsibilities:

  • Responsible for the full sales process of factoring products to prospective transportation customers and other industries.
  • Independently conduct prospecting and initial due diligence on prospective
  • Present cash flow solutions to small and medium sized business owners
  • Maintain competitive knowledge to create and adjust sales strategies
  • Stay informed about industry trends, market conditions, and competitors to identify new opportunities
  • Evaluate the prospective customers’ business and analyze information to independently determine which products to market, and rates to offer client
  • Ensure all communication with prospects and customers was clear in a manner consistent with business practices and departmental expectations
  • Use customer relationship management (CRM) technology to maintain database of customer contacts and appropriate notes and data
  • Make outbound calls to leads in trucking, logistics, and other B2B industries
  • Qualify business by assessing industry type, invoice volume, and customer creditworthiness
  • Educate prospects on how factoring works and its advantages over traditional loans
  • Collaborate with other departments to ensure smooth onboarding of new clients
  • High-impact, phone-based role that combines prospecting, consultative selling, and relationship management
  • Travel up to 25% is occasionally required, which may include overnight
  • Other duties as assigned by management

Required education and experience:

  • High school diploma, GED, or Equivalent Certification

  • 1-2 years of direct sales experience (financial or B2B preferred)

  • Strong communication and organizational skills

  • CRM proficiency (Salesforce, HubSpot, etc.)

 Preferred education and experience:

  •  Bachelor's degree
  • 2+ years of business-to-business sales experience
  • 2+ years of experience working within the financial sector
  • Spanish bilingual preferred but not required
  • Phone sales experience required

Competencies:

  • Knowledge of factoring, asset-based lending, and working capital solutions for small to mid-sized B2B companies.
  • Solid understanding of credit evaluation, risk assessment, and basic financial statements used during lead qualification.
  • Superior analytical and problem-solving skills with the ability to assess lead quality, spot trends, and identify strategic upsell opportunities.
  • Demonstrated ability in communicating effectively, both verbally and written with a proven track record of building rapport and closing deals over the phone.
  • Strong Microsoft application knowledge particularly Excel (data entry, filtering, and basic formulas) Outlook, Word, and Teams.

TAB Bank Offers:

  • Tuition Reimbursement
  • Paid Holidays
  • Gym Reimbursement
  • 401(k)
  • Paid Time Off (PTO)
  • Employee Assistance Program (EAP)
  • I Made the Grade
  • Holiday Club Program
  • Medical, Dental, Vision, Life and AD&D, Voluntary Disability, Flex Spending & Dependent Care

TAB Bank will not sponsor applicants for work visas.

 

Apply