Collateral Analyst - Alterna

Paychex•Orlando, OK

About The Position

The Collateral Analyst supports Relationship Managers, Relationship Executives, and Underwriting by identifying exception items in the Factor Soft collateral tracking system, including collateral reporting deficiencies and discrepancies. Alterna Capital Solutions, a Paychex company, provides tailored growth-capital solutions and a consultative financial-partner experience for its clients. The role reviews invoice and supporting-documentation requirements, updates inventory and account values, supports collections and client communications, organizes transaction documentation, and follows Alterna’s credit policies and operating procedures. The analyst receives ongoing training and advises Relationship Managers and Relationship Executives of deviations from standard procedures.

Requirements

At least 2 years of experience in a banking, finance, or accounting environment.

Nice To Haves

Associate degree in Business, Finance, Accounting, or a related field.
Communication skills.
Management skills.
Detail-oriented approach.
Microsoft Excel skills.
Interpersonal communication skills.
Experience or knowledge in loans.
Experience or knowledge in collateral management.
Finance knowledge.
SQL programming-language skills.
Accounting knowledge.
Mortgage-loan experience or knowledge.
Accounts payable experience or knowledge.
Accounts receivable experience or knowledge.
Derivatives experience or knowledge.
Repurchase-agreement experience or knowledge.

Responsibilities

Ensure signed Schedules of Accounts are available for invoices offered for sale; assign invoice images and backup documentation.
Validate invoice assignment notation, the client billing name against the security agreement, and the supporting documents for invoices; perform verification as directed by policy, procedures, or Relationship Managers or Relationship Executives, and approve items within Alterna’s credit-policy guidelines and assigned authority.
Update inventory values reported by clients and update purchased accounts, eligible accounts, and Net Funds Employed values to calculate inventory availability.
Post inventory-related transfers as directed by Relationship Managers or Relationship Executives.
Contact customers about past-due and open invoices by phone or email, send Notices of Assignment, confirm remittance information is updated, and set disputes as needed.
Contact clients regarding missing documents, Not Payable to Factor payments, chargebacks, and related matters.
Participate in ongoing training with current staff to stay informed about Alterna’s credit policy and standard operating procedures.
Advise Relationship Managers and Relationship Executives of deviations from standard operating procedures.
Create client folders and ensure transaction documents—including Credit Memos, New Client Check Lists, legal documents, ACS UCC filings and searches, and Coface insurance—are in the proper order before imaging.