Advance Partners is an entrepreneurial and rapidly growing specialty finance and business services company. Advance provides payroll funding, working capital, back office support and a variety of strategic services to independent staffing firms. Founded in 1998, and based in Cleveland, Ohio, we provide roughly $2 billion in annual financing to over 350 entrepreneurial staffing firms of all sizes. Our mission is to help staffing firms grow. In 2015, Advance Partners was acquired by Paychex, Inc. (NASDAQ: PAYX) a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. Advance Partners is now a wholly owned subsidiary of Paychex, Inc. For more information about Advance Partners visit http://www.advancepartners.com
Please note: This is an office-based position.
Manages the entire underwriting process for new clients from the initial receipt of application until the first funding.
- 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.
- Builds initial collateral file to be used during the credit approval process of a new client.
- Reviews client and individual applications for completeness of information.
- Ensures completeness and accuracy of all information included in the Client Approval Memorandum.
- Guides and assists Sales team in process for collecting necessary information needed to qualify leads.
- Assists Sales team as needed with deal structures and contract terms.
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