AVP, Accounts Receivable Portfolio Manager

Mission Valley Bank • Burbank, CA

50d

About The Position

Are you seeking a fun, collaborative and dynamic environment where your contributions as AVP, Accounts Receivable Portfolio Manager will be recognized? If the answer is yes, apply to become a member of Mission Valley Bank's valued, talented and proven team, dedicated to service excellence. Our AVP, Accounts Receivable Portfolio Manager is professional, friendly, provides excellent customer service, and possess excellent communication skills. This position is responsible for the payment and advance processing department along with any other support needed of the accounts receivable financing program. Major areas of responsibility include Daily Operations and risk related activities.

Requirements

• Related work experience required.
• Effective communicator.

Responsibilities

• Process payments and Advances, credit memos, debit memos.
• Review invoices submitted for funding and cross reference new funding with Credit Authorizations to be sure invoices are within the approval guidelines. Report any ineligible invoices to manager.
• Run reserve analyses as needed and report any eligibles for repurchase and reserve deficits to manager.
• Work directly with businesses to address needs/concerns.
• Research transactions when needed; either initiated by internal groups, businesses, or when morning does not balance.
• Assist manager in creating new efficiencies.
• Join the Manager of Accounts Receivable Financing and their sales team in any new prospect meetings. For each new business brought on the program, assist the Manager of Accounts Receivable Financing in setting up new accounts in the bank's core system, along with the software system used to administer this financing. Gather documents and initiate all activities needed after a new business is approved.
• Set up new Lockboxes.
• Help collect and organize financial information
• Complete Business Set up forms, and transfer data into the BusinessManager software. Reference Credit Authorizations and work with manager to review reserve tiers and funding flags.
• Work with JHA support and MVBs processing team to onboard new customers.
• Obtain reports (AVS, New customers for our businesses, frequent repurchases etc.) and consolidate findings to relay to manager. Collaborate with manager and RM to assist in follow up needed to address concerns and remedy potential problems.
• Conduct monthly risk reviews in the software. Cure any reserve deficits through additional reserves, payments directly to the reserve from the business or by funding directly into the reserve. Work with the businesses to keep lockbox compliance above 80% and dilution below 5%.
• Watch aging invoices and follow up on payment expectations. Archive all important correspondence in the software.
• Send quarterly reports to credit for board reporting.
• Obtain monthly tickler report items for businesses.
• Review funding requests to ensure all are in compliance with the CA's.
• Guide and supervise existing and all new processing personnel.
• Conduct new hire training specific to the Accounts Receivable Financing department.
• Maintain, and update policies and procedures specific to this department.
• Facilitate good communication between the business, the Loan Officer, and the Accounts Receivable Finance manager to further the relationship and maximize the program's value to the business and the financial institution.
• Embrace MVB's core values ACCEPT, show respect for cultural differences; promote working environment free of harassment of any type.
• Support a diverse workforce and affirmative action.
• Maintain up to date knowledge and may train others on products, services, departmental systems, and related technology, policies and procedures.
• Bring any suspicious activity to the attention of a supervisor, or the BSA Officer.
• Follow all Bank policies and procedures to ensure compliance with all laws and regulations.
• Understand and adhere to regulatory guidelines including but not limited to FCRA, BSA, GLBA, etc. as the regulations pertain to the employee's job function.

Benefits

• Medical, dental, vision and life insurance eligibly the first day of the month following employment.
• Several discount programs, Employee Assistant Program (EAP), several voluntary plans, Flexible Spending, Health Savings Account and more.
• 401(k) pre-tax with matching contribution and Roth 401(k).
• Free checking and savings accounts.
• Monthly stipend for cell phone expenses.
• Flexible work schedule .
• Beyond holidays, vacation and sick pay. Adoption assistance and leave options for medical, personal or family reasons including jury duty and military leave.
• Recognition programs, monetary rewards for new team members and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: No Education Listed
• Number of Employees: 51-100 employees