About Cynergy Business Finance

Cynergy Business Finance is the asset-based lending arm of Cynergy Bank Limited. Funding against business assets such as receivables, plant & machinery, inventory and property can provide a flexible, fast and efficient way to pursue new business opportunities for a number of different objectives including; growth, acquisition, turnaround and expansion.

1. The role

Summary:

· The Take-On Co-Ordinator role is a key position in the Operations and Risk Team. Completing a variety of customer and risk focussed tasks. Primary responsibility is for managing the onboarding of prospective clients across CBF’s invoice discounting and ABL portfolio. Maintaining excellent customer service allied with strong risk management skills, the role requires experienced relationship building and risk management skills due to the number of internal and external stakeholders involved. The role would suit an individual looking to further develop their career in the Asset Based Lending Industry as the team and lending book grows.

Main responsibilities of role

· Responsible for managing the process between underwriting sanction and first payment including set up of Dancerace operating system.

· Responsible for collating from the prospect and obtaining underwriter sign off of any pre-conditions in line with the ABL Facility Agreement.

· Liaise with third party solicitors and/or advisors to ensure CBF security is perfected.

· Maintain thorough records of deal pipeline, expected pay outs and provide necessary feedback and report weekly to key stakeholders

· Provide support with the raising and checking of customer legal documents in a timely and accurate manner.

· Undertake ledger verifications via telephone and email ensuring

· Complete take on ledger reconciliations ensuring accurate reserves are held in accordance with policy and prospective clients are compliant with covenants.

· Maintain delivery of a high-quality service to prospects.

· Understand CBF’s and the wider Bank’s products and services, and proactively identify and action sales opportunities in order to best meet customer needs.

· Adherence with the Bank’s AML policies and procedures, with vigilance at all times of the conduct of customers and debtors.

Additional responsibilities for all employees

o Actively promote and practise the Bank’s Guiding Principles

o Understand and adhere to the Bank’s policies and procedures with particular reference to:

o Conduct Rules and Professional Standards Policy

o Information Security and Data Protection Act 2018 (GDPR)

o Fair Treatment of Customers

o Risk management and reporting of risk management incidents

o Regulatory compliance and prevention of financial crime

o Disaster recovery and business continuity

o Proactively contribute to the Performance Planning and Review process

o Support Bank wide Forums as required or identified

o Cooperate with and help colleagues across our business, performing other reasonable tasks as may be required from time to time

2. The person

Essential Knowledge & Experience

· Experience of working in an Operations role within the Asset Based Lending industry.

· Understanding of CID Reconciliations.

· Strong risk management skills.

· Proficient in Microsoft Word, Excel

Desirable knowledge & Experience:

· ABFA / UK Finance qualified to Certificate Level

Behavioural Attributes:

· Strong relationship building skills

· Excellent attention to detail

· Proactive

· Self motivated

· Team Player