Join Paychex Paychex is reimagining how businesses manage their workforce by bringing payroll, HR, benefits, and advisory services together into a single connected HCM platform. As Paychex and Paycor come together, we're combining innovative technology, data-driven insights, AI, and human expertise to help organizations work smarter, support their people, and achieve better business outcomes. This is an exciting time to join our team as we continue to invest in innovation, simplify client experiences, and shape the future of work. At Paychex, you'll have the opportunity to grow your career, make a meaningful impact, and be part of something bigger as One Paychex.
Overview:
Supports Relationship Managers, Relationship Executives, and Underwriting by identifying exception items in collateral tracking system (Factor Soft) for collateral reporting deficiencies and discrepancies.
Responsibilities:
Alterna Capital Solutions is a Paychex Company. Clients will find more than financial solutions with Alterna. We're a financial partner with a genuine desire to help business owners achieve their dreams. When our clients succeed, we succeeda core belief that drives everything we do. From the way we engage with one-to-one discovery to the solutions we carefully tailor and the openness of our communication, clients see the difference the moment they begin speaking with us. With a consultative approach, we get to know each client and their business before we make financing recommendations. Each client has their own goals and we design flexible, high-quality growth capital solutions tailored to meet those goals. Ensure we have signed Schedule of Accounts for invoices offered for sale. Assign images of the invoices and any backup documentation. Validate invoices billed by the client have assignment noted on the face of the invoice, invoices are billed by the client name that we have on security agreement, supporting Documents provided by the respective client are what we need to support the invoices, verify as directed by Policy/Procedures/Relationship Manager/Relationship Executive, approve within Alterna's guidelines of credit policy and procedures. The Operational Limits/Authority of each Collateral Analyst will be determined the appropriate authority. Update inventory values as reported by the client. Update purchased accounts, eligible accounts and Net Funds Employed values in order to calculate correct inventory availability. Post necessary transfers related to inventory as directed by the Relationship Manager/Relationship Executive. Communicating with customers on past due invoices and timely collections- phone call or emailing regarding past due and open invoices, sending Notice of Assignment's, confirming remittance is updated. Setting disputes as needed. Contacting clients regarding any Missing Docs, Not Payable to Factor (NPTF) payments, Chargebacks, etc. On-going training with current staff to stay informed of Alterna's credit policy and standard operating procedures Advising Relationship Managers/Relationship Executive of any deviations from our standard operating procedures. Creating client folders and Ensures transactions documents (Credit Memo / New Client Check List /Legal Docs/ACS UCC Filing and Search to Reflect / Coface Insurance) are in the proper order before Imaging for client folders
Qualifications:- Associate's Degree in Business, Finance or Accounting related - Preferred 2 years of experience in banking/finance/accounting environment.
- Communication - Preferred
- Management - Preferred
- Detail Oriented - Preferred
- Microsoft Excel - Preferred
- Interpersonal Communications - Preferred
- Loans - Preferred
- Collateral Management - Preferred
- Finance - PreferredSQL (Programming Language) - Preferred
- Accounting - Preferred
- Mortgage Loans - PreferredAccounts Payable - PreferredAccounts Receivable - Preferred
- Derivatives - Preferred
- Repurchase Agreements - Preferred
CompensationIn the spirit of pay transparency, we are excited to share that the starting base pay range for this position is $25.17 - $26.00 hourly. Please keep in mind that this range is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.
Live the Paychex ValuesAct with uncompromising integrity.
Provide outstanding service and build trusted relationships.
Drive innovation in our products and services and continually improve our processes.
Work in partnership and support each other.
Be personally accountable and deliver on commitments.
Treat each other with respect and dignity.
What's in it for you?
We value your well-being: We provide over 21 comprehensive rewards, including medical coverage, virtual wellness classes, tuition reimbursement, 401(k) + employer match, adoption assistance, financial assistance, and much more.
We value your time: From paid time off to company holidays, culture days, and comprehensive work-life balance programs, we will ensure you have the flexibility you need to be your best.
We value your development: Our award-winning training and development programs empower our employees with ongoing learning opportunities to give you the building blocks to grow your career.
We value your perspective: Our company culture reflects the diversity of our employees. We want you to be you and your voice to be heard.
We value our communities: We offer paid time off for volunteerism and promote many company-wide and local initiatives that benefit organizations you care about.
