Analyze and monitor client’s collateral to ensure compliance with loan agreements and accurate ineligible calculations.
Prepare collateral reconciliation, and balance deposit accounts on a daily basis. Work with clients and Underwriters to resolve discrepancies.
Review and analyze clients accounts receivable performance, identify ineligible collateral following prescribed guidelines and reconciling client’s collateral balances.
Prepares summaries of client’s accounts receivable.
Review and analyze client’s inventory consignments and prepare reports on client’s inventory activity.
Review reports and documentation submitted by clients on a daily basis.
Prepare necessary documentation to process client’s daily payment and advance requests.
Input data on client accounts into the bank’s loan accounting Advanced Commercial Banking System (ACBS) via ECC Schedule module for tracking and trending purposes.
Leverage accounting systems to reconcile the loan balances to the collateral monitoring database and process transactions to manage dominion accounts.
Ongoing process and control review for effectiveness, gaps, and ongoing enhancements and updates based on evolving business needs, product offerings, and industry trends.
Prepare monthly/quarterly verification letters and perform regular follow up on any exceptions or non-responses.
Collaborate with underwriters to deliver specialized support for products, specifically handling tasks like lender finance requirements and field examinations.
Work directly with customers to discuss and resolve any discrepancies in their collateral reporting.
Ensure collateral reporting and documentation is properly stored and maintained in alignment with document retention policies and procedures.
Other typical duties as assigned and associated with ongoing improvement and strategic goals and initiatives.
Ability to work effectively in a work from home environment.
Proactive and self-motivated approach to work, willingness to take ownership of task.
Assist in training incoming ABS Collateral Analyst team members.
Excel expertise: Demonstrate proficiency in Microsoft Excel, including the use of advanced functions (e.g., XLOOKUP, INDEX/MATCH), pivot tables, and macros to analyze large datasets and create sophisticated reports.
Requirements
High School Diploma, GED or equivalent certification
At least 1 year of experience in financial services or asset based lending
At least 1 year of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)
Bachelor’s Degree or Military experience (preferred)
2+ years of experience in financial services or asset based lending (preferred)
2+ years of experience with collateral monitoring software (ACBS, Solifi, ABLSoft) (preferred)
2+ years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs) (preferred)
Benefits
Comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being
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