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Accounts receivable

About the job

Paychex is reimagining how businesses manage their workforce by bringing payroll, HR, benefits, and advisory services together into a single connected HCM platform. As Paychex and Paycor come together, we're combining innovative technology, data-driven insights, AI, and human expertise to help organizations work smarter, support their people, and achieve better business outcomes. This is an exciting time to join our team as we continue to invest in innovation, simplify client experiences, and shape the future of work. At Paychex, you'll have the opportunity to grow your career, make a meaningful impact, and be part of something bigger as One Paychex. Overview

Manages the entire underwriting process for new clients from the initial receipt of application until the first funding. Works closely with the Sales team to closely evaluate new prospective clients.

Responsibilities

Alterna Capital Solutions is a Paychex Company.

Alterna helps businesses fund unpaid invoices faster so they can cover operating costs, take on new work, and avoid delays. Compared to traditional financing, accounts receivable funding is faster, more flexible, and easier to adapt as business changes. Alterna combines fast, practical funding with the backing, service, and flexibility businesses need in a long-term partner.

Researches and completes write-ups of client condition and operating results on financial and credit information, and existing contracts to address client financial viability and credit worthiness to mitigate risk.

Researches guarantor's various financial and other related documents, such as individual tax returns, Equifax reports and personal financial statements to determine financial viability and credit worthiness of applicant.

Researches accounts receivable information for aging, concentration, and end debtors to determine financial viability and credit worthiness based on available financial and credit information.

Guides Sales team in process for collecting necessary information and organizing deal structure. Lead client discussion for follow up questions/answers.

Builds and maintains initial collateral file to be used during the credit approval process of a new client.

Provide ongoing training and mentoring for new members of the department.

Ensures completeness and accuracy of all information included in the Client Approval Memorandum.

Review prospective client agreements & all Alterna contracts / documents.

Qualifications

Bachelor's Degree in Finance or related field - Preferred

2 years of experience in Comparable work experience - Required

5 years of experience in Comparable work experience - Preferred

Understanding of finance and credit practices.

Requires ability to analyze data and understand business significance.

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.