Responsibilities include but are not limited to::
- Manage the collateral monitoring requirements of more difficult and complex ABL accounts with little guidance from management.
- Lead the onboarding process of new ABL accounts including booking in ABLSoft and training clients on ABLSoft, the advance request process, and collateral reporting requirements.
- Lead the review and analysis of loan collateral, including borrowing base certificates, A/R aging''s, inventory reports, and appraisals.
- Process advance requests, validate there is sufficient availability, and obtain all required advance approvals.
- Evaluate the value of assets and determine their loan eligibility with a high degree of accuracy.
- Verify borrowers'' incoming cash receipts and records information into loan monitoring system.
- Communicate with borrowers and portfolio managers to resolve any collateral issues and provide guidance on best practices.
- Prepare detailed reports on loan collateral and present findings to senior management and stakeholders and processes and reviews month-end closing system.
- Complete and review collateral analysis, identify all issues and determine appropriate course of action to address and resolve reconciliation matters and other reporting issues.
- Performs full validation and reconciliation of borrower-reported borrowing base collateral to ensure that the borrowing base availability is accurate and in conformance with the credit agreement.
- Analyzes ineligibles and reserves as well as makes recommendations for changes based on thorough collateral analysis.
- Conducts daily reconciliations of loan balances, advances, and cash collections between the bank''s core loan system and ABLSoft.
- Recommends system enhancements to ABLSoft and conducts user acceptance testing of system upgrades.
- Seeks to proactively understand the client to spot early warning signs of increased risk.
- Provides mentoring and training to new hires and more junior Collateral Analysts, sharing knowledge and experience.
- Perform all other job duties as deemed necessary by supervisor.
Required Skills:
- Proficient in MS Excel and other Microsoft Office applications
- Analyze, interpret, and apply financial analysis, financial modeling, and statistics with experience leading complex evaluations.
- Proven track record of performing due diligence on loan collateral and ensuring that it meets company and industry standards.
- Strong written and verbal communication skills with the ability to present findings to senior management.
- Ability to work independently and in a team environment and collaborate effectively.
- Strong analytical and critical thinking skills.
- Experience with collateral field examinations and inventory appraisals.
- Strong understanding of lending regulations and standards. Working knowledge of bank regulations and commercial or consumer lending businesses (preferred).
- Experience using an ABL software system, preferably ABLSoft.
- Ability to manage multiple tasks with competing deadlines in a fast-paced environment.
- Must be able to maintain a high level of confidentiality and uphold strong ethical standards.
- Familiarity with ABL Credit Agreements and where to locate key terms such as advance rates, ineligible definitions, sub-limits, and reserve definitions.
Required Experience:
- High School Diploma or GED equivalent and a minimum of 10 years of experience in Asset Based Lending or related field.
Preferred Experience:
- Bachelor''s Degree in Accounting, Business Administration, Finance, Economics.
The ABL Collateral Analyst is responsible for serving as the initial assessor, monitor and controller of collateral and loan activity for the ABL portfolio. The main responsibilities of the Collateral Analyst are to receive the borrowing base certificate and other collateral reports from the borrower, input the data into the loan monitoring system and assist with loan set up. They will also prepare the calculation of ineligibles, perform validation and reconciliation of the reported borrowing base collateral based on supporting documentation, review invoices and credit memos and perform verifications on those accounts where required. The successful candidate will have a proven track record of performing due diligence on loan collateral and ensuring that it meets company and industry standards.
We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.
In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.