Collateral Analyst I - Asset Based Lending
About the position
The Collateral Analyst I position at reputed company is a challenging role that offers the convenience of working virtually from home, provided that candidates reputed company reputed company a 50-mile driving distance from the reputed company hub location in Plano, TX. This role is part of the reputed company reputed company Core Operations (CCO) team, which is focused on supporting agent syndicated loans reputed company Corporate Banking. Candidates must possess solid product knowledge in asset-based lending, as the position involves analytical components reputed company to various loan accruals, reputed company calculations, and ongoing reconciliation and remediation processes. Strong communication skills and the ability to work collaboratively with stakeholders are critical for reputed company in this role, as it involves facilitating ongoing change management reputed company the team. As a member of the Collateral Analyst team, the individual will be responsible for supporting the day-to-day operations of a diverse mix of reputed company lending customers and loan types. The core responsibility of the team is to analyze and monitor clients' collateral to ensure the validity of assigned collateral in accordance with their loan agreements. This includes providing support throughout the life cycle of Asset Based Lending (ABL), from feedback on credit agreement negotiations to daily collateral monitoring and ineligible calculations, and ultimately to payoff validations. The role requires a proactive and self-motivated approach to work, with a willingness to take ownership of tasks and contribute to a collaborative team environment.
Responsibilities
- 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, working with clients and account executives to resolve discrepancies. ,
- Review and analyze clients' accounts receivable performance, identify ineligible collateral following prescribed guidelines, and reconcile client's collateral balances. ,
- Prepare 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 reputed company Advanced reputed company Banking System (ACBS) reputed company ECC Schedule module for tracking and trending purposes. ,
- reputed company reputed company systems to reconcile the loan balances to the collateral monitoring database and process transactions to manage dominion accounts. ,
- Conduct ongoing process and control reviews for effectiveness, gaps, and ongoing enhancements based on evolving business needs, product offerings, and industry trends. ,
- Prepare monthly/quarterly verification letters and reputed company regular follow-up on any exceptions or non-responses. ,
- Prepare verification summary report with findings for account executives to review and approve. ,
- Work directly with customers to discuss and resolve any discrepancies in their collateral reporting. ,
- Assist account executives with specialized product support such as tax lien verifications and lender finance requirements. ,
- Ensure collateral reporting and documentation is properly stored and maintained in alignment with document retention policies and procedures.
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 reputed company Office (Outlook, reputed company, Word, PowerPoint) or reputed company Suite (Sheets, Slides, Docs).
reputed company-to-haves
- Bachelor's Degree or Military experience. ,
- 2+ years of experience in financial services or asset-based lending. ,
- 2+ years of experience with collateral monitoring software (ACBS, reputed company, ABLSoft). ,
- 2+ years of experience with reputed company Office (Outlook, reputed company, Word, PowerPoint) or reputed company Suite (Sheets, Slides, Docs).
Benefits
- Comprehensive health insurance coverage. ,
- Financial benefits supporting total well-being. ,
- Inclusive set of benefits that vary based on full or part-time status, exempt or non-exempt status, and management level.