Collateral Risk Associate - Advance Partners

Overview

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.

• 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.

After training, the incumbent may work a hybrid schedule of 3 days in the office and 2 days at home if desired. The shift is Monday – Friday, approximately 8:30 am – 5:00 pm ET.

Applicants must be authorized to work in the United States. Paychex is not able to sponsor a work visa. Candidates for this role may not be located in California. This position is available for U.S. based applicants only.

• Associate’s Degree in Finance, Accounting or related field – Preferred.
• At least 1 year of experience in a banking, finance, accounting or audit role that involves close monitoring of accounts or processes.

Base hourly pay range: $18.00 – $28.00. Other compensation and benefits are offered as part of the total rewards package, which may vary by geographic location, skills, education, and experience.

• 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.

• Medical coverage, virtual wellness classes, tuition reimbursement, 401(k) with employer match, adoption assistance, and more.
• Paid time off, company holidays, culture days, and comprehensive work‑life balance programs.
• Ongoing training and development opportunities to grow your career.
• A culture that values diversity and gives everyone a voice.
• Volunteer and community initiatives with paid time off for service.

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.