A/R Factoring Portfolio Manager - Houston

Zions Bancorporation • Houston, TX

50d

About The Position

Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. The Zions Bancorporation Factoring group is seeking a Portfolio Manager with operational and risk management experience to manage the operational aspects of factoring clients. Our group specializes in the financial service of factoring to enable companies to obtain working capital and help them grow, provide employment, and become strong members of their communities. The department assesses the creditworthiness of the businesses' customers, determining the potential risks and benefits associated with purchasing the receivables. Through these services, the factoring department plays a crucial role in supporting business liquidity, fostering growth, and enhancing overall financial stability.

Requirements

• Requires a bachelor's degree in Finance, Accounting or other related field
• 2+ years of financial industry, credit and credit metrics, factoring, interpreting financial statements experience or other directly related experience.
• Supervisory or leadership experience.
• An equivalent combination of education and experience may meet qualifications.
• Working knowledge of various types of financial statements, interpreting financial statements, credit metrics, account debtor underwriting and factoring and factoring risks including the internal processes designed to control these risks.
• Knowledge of banking products, services, policies, procedures and regulations.
• Solid credit skills in financial modeling, valuations and adherence to policy.
• Ability to deliver both good and bad news to clients and management.
• Ability to raise concerns as needed.
• Solid customer service, relationship, organizational, analytical and creative problem solving skills.
• Ability to meet deadlines.
• Must have solid communications skills, both verbal and written.
• Knowledge of various software applications including word processing and spreadsheets.
• Ability to train and mentor staff.

Nice To Haves

• Working knowledge of credit reporting services is highly desired.
• Capability to do the work of the group.

Responsibilities

• Responsible for managing the credit and operational aspects assigned accounts including; Cash Processing/Credit Underwriting/Funding/Customer Service and Data Entry/Buy Desk.
• Oversees Cash Processing and reviews reconciliations to ensure timely clearance of items.
• Oversees Charge Back/Collections and funding process.
• Works in conjunction with the Relationship Manager and Operations Manager to ensure customer service, credit underwriting and account management goals are meet.
• Supervises the AR Credit Specialists and the Verification Analysts.
• Ensure that policies and procedures associated with account debtor underwriting, verifications and the administration of the notices of assignment are being followed.
• Will play a dual role between serving the client and controlling risk in the portfolio.
• Responsible for reviewing the Client's financial compliance, account audits and operational reports to determine the appropriate risk grade for each Client in their portfolio.
• Assist in administering any workout plan along with the assigned Relationship Manager for adversely graded credits.
• Responsible for portfolio's Credit Risk Meeting to review receivable collections, client account dilution, indirect payments, general buy desk or other operational issues and for developing appropriate action plans to ensure that issues discussed are addressed timely.
• Responsible for onboarding the client to factoring by educating them on what steps they need to take to help their account run smoothly.
• Functions as the point of contact for cliental to answer operational questions about their relationship.
• Responsible to hire, fire, train and employee performance management.
• Other duties as assigned.

Benefits

• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees
• Employee Ambassador preferred banking products

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees