Collateral Risk Associate - Advance Partners

Collateral Risk Associate - Advance Partners

Imagine Your Future with Us! Since 1971, Paychex has been at the forefront of simplifying HR, payroll, and benefits for American businesses. Our digital HR technology and advisory solutions cater to the changing needs of employers and their employees. With our award‑winning training and endless opportunities for growth and development, you can build a lifelong career with us. We pride ourselves on fostering an inclusive and innovative culture.

Our leaders are here to support your career journey; they and our dedicated employees embody the values that drive us to support each other, our clients, and our communities. Join us to pursue your passion and unleash your potential.

The shift is Monday - Friday, approximately 8:30 am – 5:00 pm ET (hours in other time zones may be adjusted). The person who fills this role will train/work in one of the local offices listed in the posting. After training they will be allowed to work a hybrid schedule of 3 days in the office and 2 days at home if desired.

Applicants must be authorized to work for any employer in the US. Paychex is unable to sponsor or take over sponsorship of an employment Visa at this time. Candidates for this role may not be located in CA. This position is available for US based applicants only.

Responsible for collecting and evaluating data to monitor collateral and manage client risk profiles. This role involves analyzing payroll registers against purchased invoices to ensure client compliance with company standards and to identify potential fraud, while making informed collateral risk alert decisions based on the gathered information.

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.

• Conduct invoice aging audits to ensure accurate and complete collateral documentation is obtained and maintained
• Compare billing to payroll and analyze trends and markup
• Maintain detailed records of audit findings and communicate results to relevant stakeholders
• Review client billing processes to verify that proper steps are followed and documented
• Collaborate with Collateral Risk Associates to identify discrepancies and recommend corrective actions
• Assist in the development and refinement of audit procedures and checklists
• Support internal reporting and analysis related to collateral risk and audit outcomes
• Partner with senior team members to enhance audit strategies and ensure alignment with broader risk‑management goals
• Contribute to process improvement initiatives aimed at increasing efficiency and accuracy in collateral audits

• Associate’s Degree in Finance/Accounting or related field – Preferred
• 1 year of experience in banking, finance, accounting, or audit type role related to close monitoring of accounts/processes

In the spirit of pay transparency, the starting base pay range for this position is $18.00 – $28.00 hourly. This range is the base pay only and does not include other components that make up the total rewards package for the position. If hired at Paychex, overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.

• 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

• 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…