The funder, based in Basingstoke, has appointed Hannah Berry as a payout administrator in its documents and payouts team. Grace Walker will be added to strengthen the collections and recoveries team as a collections and recoveries administrator.
Asset Advantage said the move strengthens key processes, and the appointments will bring new efficiencies as it continues to see increasing demand for business finance among SMEs.
Berry will be responsible for preparing finance documentation and progressing the agreement through to payout. Working closely with the underwriting and sales teams, she will ensure transactions are processed efficiently and meet all governance and compliance requirements, and also oversee the administration of finance agreements and payments to all relevant parties.
Walker will be responsible for overseeing key elements of the collections administration function, which will include monitoring incoming payments, supporting the management of overdue accounts and assisting with customer communications relating to outstanding balances. Walker will also be involved in the team’s operational reporting and due diligence activities, including credit searches and data analysis.
Gary Thompson (pictured), sales director at Asset Advantage, said: “Hannah and Grace are two fantastic additions to our team and help strengthen two critical parts of our operation as we continue to execute our growth strategy and strengthen our proposition. The first quarter of this year has proven to be really busy, with high demand among SMEs for flexible funding.
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“Even with strong headwinds in the economy, our data suggests that this trend is only set to continue. It therefore makes real sense to bolster our team and bring new efficiencies to meet this demand and best support both SMEs and our broker partners.”
