Supervisor, Credit- Advance Partners

Advance Partners•Highland Hills, OH

4d•Hybrid

About The Position

This position is responsible for developing, training and leading a team of credit analysts. The primary focus will be on client service (internal and external) and process improvements to minimize exception reports and fraud or loss. The incumbent will perform quarterly reviews for direct reports, develop policies and standardized procedures for the department and focus on risk mitigation through an understanding of credit, billing, cash collections and general factoring. Advance Partners, a Paychex-backed financial services firm founded in 1998 and based in Cleveland, OH, empowers staffing agencies with payroll funding, invoice factoring, back office support, and strategic services. Serving 600+ firms with nearly $8 billion annually, they offer flexible capital, compliance expertise, and growth-focused advisory tailored to the talent acquisition industry.

Requirements

Bachelor's Degree in Business, Finance or Accounting related - Required
5 years of experience in banking/finance/accounting environment with emphasis on commercial credit.

Nice To Haves

Prior factoring experience - Preferred
Master's Degree in MBA/CPA - Preferred

Responsibilities

Manages trains and directs a team of Credit Analysts to ensure quality client service.
Monitors an assigned portfolio to identify potential risk areas and address accordingly by reviewing incoming payments and other atypical trends.
Identifies, recommends, and implements strategies to best reduce the risk of loss to the company in deteriorating client situations.
Creates standard policies and procedures for the department to reduce the risk of loss to the company and improve the client experience.
Handles buyout clients and transitions to the credit team.
Participates in weekly Credit and Debtor meetings for assigned relationships, in conjunction with the service team members, to coordinate and discuss potential escalating issues.
Reviews new customer setup requests to establish account limits.
Suggests new billing procedures through VMS or non-standard billing debtors to minimize cash exceptions.