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Purchase Order Funding Specialist

Your partner in providing Purchase Order Funding for SMEs

Purchase Order Funding Specialist

Remote
Part-time

The Purchase Order (PO) Funding Specialist plays a critical role in facilitating financing for businesses by evaluating, structuring, and managing purchase order funding requests. This includes assessing the viability of transactions, ensuring compliance with funding criteria, and maintaining strong relationships with clients and stakeholders.

Key Responsibilities:

1. Transaction Assessment and Funding:

  • Evaluate purchase order funding applications, ensuring all required documents and details are provided.
  • Analyze the financial viability and risk associated with each transaction.
  • Collaborate with clients to understand funding needs and ensure alignment with funding policies.
  • Structure funding solutions tailored to client requirements while adhering to organizational guidelines.

2. Risk Management and Compliance:

  • Conduct due diligence on purchase orders, clients, and suppliers to assess risks.
  • Ensure compliance with legal, financial, and organizational regulations for funding.
  • Monitor funded transactions to identify and mitigate potential risks.

3. Client and Stakeholder Engagement:

  • Build and maintain relationships with clients, suppliers, and funding partners.
  • Provide guidance to clients on the funding process, timelines, and requirements.
  • Address client queries and resolve issues promptly to ensure high satisfaction levels.

4. Reporting and Documentation:

  • Prepare detailed funding proposals, agreements, and financial reports.
  • Maintain accurate records of all funding transactions, agreements, and client communications.
  • Generate periodic reports on funding performance, including trends and insights.

5. Market Research and Strategy:

  • Stay updated on industry trends, funding practices, and regulatory changes.
  • Identify new business opportunities for purchase order funding services.
  • Provide strategic input to improve the efficiency and effectiveness of funding processes.

Qualifications and Skills:

Education:

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (preferred but not mandatory if accompanied by relevant experience).

Experience:

  • 1 year experience in purchase order financing, trade finance, or similar financial services.
  • Experience in evaluating financial statements, purchase orders, and credit risks.

Skills and Competencies:

  • Strong analytical and financial modeling skills.
  • Excellent communication and interpersonal skills for client interactions.
  • Proficiency in Microsoft Office Suite and financial software tools.
  • Knowledge of trade finance, supply chain finance, and credit underwriting processes.

Key Attributes:

  • Detail-oriented with strong organizational skills.
  • Ability to work under pressure and manage multiple transactions simultaneously.
  • Self-motivated with a results-driven approach.
  • Team player with strong collaboration skills.

KPIs and Success Metrics:

  • Number and value of purchase order funding transactions closed.
  • Turnaround time for funding applications and approvals.
  • Rate of successful repayment and minimal defaults.
  • Client satisfaction and retention rates.