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 - Preferred
SQL (Programming Language) - Preferred
Accounting - Preferred
Mortgage Loans - Preferred
Accounts Payable - Preferred
Accounts Receivable - Preferred
Derivatives - Preferred
Repurchase Agreements - Preferred
Compensation
In 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 Values
Act 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.
Note: The benefits described apply to full-time employees. Benefits for part-time, contract, and intern roles may vary.
Not sure if you meet every requirement?
At Paychex, we know that great talent comes in many forms. If you're passionate about the role but don't check every box, we still encourage you to apply. You might be the right fit - either for this position or another opportunity with us.
Paychex is an equal opportunity employer. We are committed to fostering a respectful and inclusive workplace where all individuals are treated fairly and evaluated based on their qualifications, experience, and merit. We comply with all applicable federal, state, and local laws prohibiting discrimination in employment.
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 succeed—a 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
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 - Preferred
SQL (Programming Language) - Preferred
Accounting - Preferred
Mortgage Loans - Preferred
Accounts Payable - Preferred
Accounts Receivable - Preferred
Derivatives - Preferred
Repurchase Agreements - Preferred
