Job Title
ABL Monitoring Manager
Banesco USA is seeking an ABL Monitoring Manager for our Credit Department.
Primary Job Duties:
- Collateral Monitoring & Administration
- Borrowing Base Management: Oversee the receipt, review, and reconciliation of Borrowing Base Certificates (BBCs), accounts receivable aging's, accounts payable aging's, and inventory reports.
- Advance Approvals: Review and approve daily or weekly funding requests, ensuring advances are supported by eligible collateral and fall within established advance rates and credit limits.
- Ineligibles Tracking: Continuously monitor and calculate ineligible collateral (e.g., cross-aging, contra accounts, foreign receivables, obsolete inventory) per the loan agreement.
- Overadvance Management: Immediately identify, report, and manage any overadvance situations, working with the relationship manager and senior credit staff to resolve them.
- Field Exams & Appraisals
- Audit Coordination: Schedule and coordinate recurring third-party field examinations and inventory/equipment appraisals based on the bank's policy frequencies.
- Report Review: Thoroughly review field exam reports and appraisals, identifying key findings, negative trends, or discrepancies in the borrower's reporting.
- Implementation: Adjust borrowing base formulas, advance rates, or collateral reserves based on the recommendations and findings of field exams.
- Team Leadership & Operations
- Staff Management: Supervise, train, and develop a team of ABL Monitoring Specialist.
- Workflow Optimization: Manage the daily workflow of the monitoring team to ensure BBCs are processed and funding requests are executed promptly, maintaining excellent client service.
- System Management: Serve as the primary administrator for the bank's ABL collateral tracking software (e.g., Cync ABL), ensuring data integrity and system optimization.
- Risk Reporting & Compliance
- Trend Analysis: Track borrower trends (e.g., dilution rates, monthly sales and customer collections, ineligible collateral, etc.) and report material changes or red flags to the Credit Department and Corporate Banking Department.
- Portfolio Reporting: Prepare monthly portfolio monitoring reports for distribution to members of the Credit and Corporate Banking Management team, highlighting high-risk accounts.
- Cross-Functional Collaboration
- Underwriting Support: Provide historical collateral performance data and operational insights to Credit Underwriters and Portfolio Managers during annual renewals or loan modifications.
- Client Communication: Communicate directly with borrowers' accounting or finance departments to resolve reporting discrepancies, missing documentation, or BBC calculation errors.
Job Requirements:
- Education: Bachelor's degree in Accounting, Finance, Business Administration, or a related field. (A strong accounting background is heavily preferred for this role).
- Experience: 5 to 7+ years of experience in asset-based lending operations, collateral monitoring, field exams, or loan administration.
- Leadership: 2+ years of supervisory or team lead experience.
- Exceptional understanding of ABL mechanics, Borrowing Base calculations, and collateral eligibility criteria.
- Ability to interpret complex credit agreements and translate legal terms into daily monitoring procedures.
- Strong proficiency in reviewing and dissecting Accounts Receivable and Inventory agings.
- Experience with specialized ABL monitoring software and advanced Microsoft Excel skills (vlookups, pivot tables, complex formulas).
- Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and the G Suite.
- Preferably bilingual: English, Spanish.
- Strong verbal and written communication skills, ability to communicate at all levels of the organization.
- Strong investigative mindset to detect irregularities or potential fraud in borrower reporting.
- Strong attention to detail and accuracy.
- Ability to thrive in a fast-paced environment where daily funding deadlines must be met.
- Ability to multi-task, with strong organization, time-management and prioritizing skills.
- Strong customer service skills, ensuring satisfaction of both internal and external customers.
- Basic knowledge of related State and Federal banking compliance regulations and operational policies.
Benefits:
- Competitive base salary.
- Paid time off.
- Hybrid schedule.
- 401k with employer match.
- Tuition reimbursement.
- Paid parental leave.
- Medical, Dental, Vision.
- Life Insurance.
- Supplemental Insurances.
- Short-Term & Long-Term Disability Benefits.
- Free parking.
- On-site Cafeteria.
About Us
Banesco USA is part of Banesco International, a worldwide group of financial institutions with presence in 6 countries.
As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today's world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world.
Our actions are rooted in our Values: Reliability, Responsibility, Quality and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark.
At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.
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