What are the responsibilities and job description for the Collateral Specialist position at TalentRemedy?
Collateral Specialists work very closely with the Account Executives to monitor the collateral being assigned or purchased by and are the primary point of contact with the operations personnel of the client. Collateral Specialists are KCC’s first line of defense. They are responsible for monitoring and proving the validity of the collateral by ascertaining that the proper supporting documentation is being provided and by verifying the accounts. They also contact the account debtors when invoices become past due or when anomalies arise in the collections received.Responsibilities include, but are not limited to, the following:· Review and process all collateral to ensure compliance with procedures.· Evaluate and perform verifications on all collateral to ensure eligibility.· Maintain access and review all debtor portals for invoice/payment status.· Identify client payments and process accurately and efficiently in KCC system.· Work closely with account executive to resolve all disputes and lender risks in a professional and positive manner that adds value to the customer.· Create, process, and follow up on all assignment of claims, notices of assignments, and commercial notices which satisfy UCC9-406 to ensure debtor is in compliance.· Maintain accurate record keeping of documents for audit purposes.· Interfacing as necessary with clients to obtain information as needed.· Obtain and provide D&B reports to provide to credit team for credit limit approval and record approved credit limit in KCC system.· Review government contracts for validity and monitor progress, value, and period of performance throughout the term of the contract.RequirementsEducation Required:· High School Diploma required, an associate in accounting or finance is a plus.· Computer skills using Word, Excel, Teams, and the internet, and the ability to learn and adapt to other specialized software applications.· Detail oriented with strong analytical and problem-solving skills.· Self-motivated team player with high level of initiative, accountability, and adaptability.· Ability to meet deadlines and manage expectations.· Knowledge of Government/Commercial contracts is a plus.
Salary : $60,000 - $67,000