Collateral Analyst (Asset Based Lending)

About Job:

Our Client – A growing Bank is hiring for Asset Based Lending Collateral Analyst to work REMOTE in United States.

Job Title: Collateral Analyst (Asset Based Lending)

Location: 100% REMOTE (Some travel to FL/TX if or when needed)

Direct Hire | Full time permanent position

Salary: Negotiable (Based on experience)*

Key Responsibilities And Accountabilities:

• Trains new clients on reporting procedures.
• Computes and reconciles collateral ineligibles and reserves in adherence to the loan agreement.
• Reconciles collateral, loan balance, and availability on a daily basis.
• Sets up, monitors, and follows-up on collateral, financial, and other reporting requirements in the loan system.
• Ensures the client’s reporting is performed in accordance with the terms of the loan agreement.
• May train other new and existing analysts in processes and procedures.
• Regularly exercised discretion and judgment in the performance of essential job functions.
• Creates and inputs new loans in the system and reconciles the new loan set-up to ensure it adheres to the credit approval memo and loan agreements.
• Follows Bank policy, procedures, and guidelines.
• Performs proactive monitoring, governance, and risk identification and escalation responsibilities related to ABL, and makes sound risk decisions commensurate with policy, procedures, and regulations.
• Executes applicable risk programs, including effectively following and adhering to policies and procedures, appropriately fulfilling risk and compliance obligations, escalating and remediating issues effectively and timely, and making sound risk decisions.
• Processes, examines, monitors, and reconciles client collateral and loan information including but not limited to, client sales, credit memos, cash receipts, accounts receivables, inventory, ineligibles, borrowing bases certificates, excess availability, and reserves.
• Serves as the primary contact for all matters relating to loan operations in conjunction with the ABL Portfolio Management.
• Processes, posts, reconciles, and decisions loan advance requests in accordance with credit policy and authority.
• Supervision of Personnel
• Maintains good punctuality and attendance to work.
• Proposes process and quality improvements, as needed.
• Works with clients to resolve reporting inadequacies and problems and escalates to senior management as necessary.
• Ensures data integrity and accuracy of the loan system at all times.

Education:

High school diploma or equivalent required; bachelor’s degree in business-related field preferred.

Experience:

• Experience with Solifi ABL preferred.
• Minimum of three (3) years of work experience in a collateral monitoring capacity in asset-based lending required.

Knowledge & Skills:

• Ability to demonstrate critical thinking, analytical, and problem-solving skills, developing alternate solutions as needed
• Ability to handle multiple tasks simultaneously, with flexibility to meet changing time demands and priorities in a fast-paced environment, while delivering complete and accurate work
• Ability to demonstrate effective interpersonal and written communication skills necessary to assist internal and external customers
• Ability to demonstrate effective organizational and project management and skills, maintaining high attention to detail
• Ability to demonstrate excellent customer service skills, anticipating and responding to requests for service or assistance
• Skill in using computer and Microsoft Office, including Outlook, Word, Excel, and PowerPoint
• Ability to work effectively and collaboratively in a team environment
• Skill in using Solifi/ABLM.net (Stucky) and data mining software
• Ability to maintain poise, presence, and professionalism, treating others with respect