Hybrid Collateral Analyst I – Asset Based Lending

Posted last month

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About the role

  • 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

Job title

Collateral Analyst I – Asset Based Lending

Job type

Experience level

Junior

Salary

$64,700 - $73,900 per year

Degree requirement

High School Diploma

Location requirements

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