Mission Valley Bank

Compensation

Full Description

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. What Will Be Your Key Accountabilities? • Daily operations: • 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. 2) New businesses –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. 3) Monitoring/Risk Monitoring/Risk – 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. 4) Managing Processing Team Managing Processing Team– 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. 5) Communication – 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. What Are We All Doing? • 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. What Do You Bring to the Team? A list of job experiences and qualification requirements are great, but what is most important to us is humility, vulnerability, transparency, a performance-driven attitude, and a team-player approach. Additionally, you will bring: • Related work experience required. • Effective communicator. What Do We Have For You? • 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. Who Are We? We are an independent commercial business bank focused on the financial needs of small and mid-sized businesses and their owners, professionals, entrepreneurs and high-net-worth individuals. Launched in July 2001, headquartered in Sun Valley, CA, our organizers and founders are local business people and bankers who have worked in - and served - this community for many years. We understand the importance of developing and building strong relationships within the communities we serve, providing exceptional financial solutions and acting as Trusted Advisors to each of our clients. Mission Valley Bank knows that being an outstanding bank requires both knowledge and delivering superior service to our customers. Every day we perform with an uncompromising commitment to the highest customer service standards. We seek talented and proven individuals who share these standards to join our team. Mission Valley Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. Mission Valley Bank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law. Pre-employment background checks are required for all positions. We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance. Note: This preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Duties, responsibilities and activities may change at any time with or without notice.