Senior ABL Collateral Analyst

Exact compensation may vary based on skills, experience and/or education, and location. This position is also eligible for an annual bonus.

Summary

Administers portfolio of assigned accounts to ensure that the Bank is adequately collateralized and protected. Analyzes monthly collateral and review audits, financial performance and documentation of the accounts to detect any deteriorating trends that may affect the collateral or financial condition of the client. Inputs data into the ITI and Bill Stucky ABLM system in a timely, accurate and consistent manner. Ensures that required authorization and documentation is obtained for all operational transactions; prepares and issues reports on a timely basis. Prepares collateral verification of existing or prospect customers according to guidelines established for each customer.

Essential Duties and Responsibilities

• Complies with and stays abreast of all policies and procedures, federal and state laws applicable to the job.
• Analyzes accounts receivable and accounts payable report along with inventory records, calculates ineligible accounts receivable and inventory and makes recommendations. Verifies compliance of reported data to Bank Forms.
• Reviews daily transaction reports, sales and cash receipt journals, checks in kind and schedules for propriety and exceptions on streamline accounts, and reserve collateral as necessary.
• Analyzes monthly collateral reports on streamline and certified line accounts such as: Account Receivable agings; inventory certificate and listing of values; Accounts Payable agings; reconciliations; ineligible and transaction reports and performs a comparative trend analysis on submitted monthly information to prior periods.
• Reviews and approves daily advances and pay downs on streamline and certified line accounts.
• Prepares and submits to the lending units a computerized analysis of the collateral with comments pertinent to significant changes and trends.
• Reviews legal documentation on new accounts for compliance, covenants and reporting procedures.
• Maintains lending units and keeps management informed of over advances and significant changes in collateral.
• Reviews audits on assigned accounts for fraud, differences in collateral, ineligibles and performance of account.
• Follows up on missing documentation from lending units or reporting from borrowers.
• Reviews verification results of assigned accounts. Assists, prepares and distributes managerial reports involving compilation of statistics, validation of information, performance tracking; including, but not limited to: exception report, Asset Based Lending Collateral Control Unity Field Schedule, Past Due Collateral reports, Expired Lines Reports. Prepares month-end spread on agings for Streamline, Certified and Trading Asset A/R lines.
• Reviews daily and monthly reports to ensure they are completed in a timely manner and the changes are entered on the ABL system accurately. Prepares and processes rediscount line reports.
• Maintains the ABLM system including, inputting and reviewing information on new customers added to the ABLM system and verification replies; updating exception reports and tickler files Maintains the bookkeeping and records of the ABLM system.
• Assists with the preparation and mailing of collateral verification for existing Certified and Streamline customers.
• Assists with the sorting of verification returns for negative differences and positive returns. Forwards copies of negative or significant difference replies to loan officers and the audit file.
• Performs general office duties such as typing, bookkeeping, filing, copying, mail distribution, faxing, organizing and maintaining department files and reference materials, transmitting information, scheduling audits and equipment repair. Ensures all verbal and written communication is professional, courteous, timely and free of typing errors. Ensures that customer files are neat, well organized and filed in the appropriate central department cabinet.
• Supports Bank compliance efforts by completing compliance and other technical training workshops as assigned, and on a timely basis.
• Adheres to Bank policies and procedures and complies with all State and Federal Banking Regulatory requirements, including but not limited to FEAR Act, Red Flags, Customer Right to Privacy, Reg D, Reg DD/Truth in Savings, BSA, Anti-mMoney Laundering, OFAC, CIP, Senior elder Abuse, Sarbanes-Oxley Act, USA Patriot Act, Sexual Harassment, Information Security and Privacy requirements as well as employment law and wage and hour regulations as they pertain to this position.
• Ensures that the identification of Suspicious Activity or ID theft-related issues are appropriately reported, and that CTR/SIR/SAR/MIL preparation and/or the completion of all other required BSA/Compliance forms are prepared timely and accurately.
• Regular and punctual attendance is required.
• Provide, present and promote The Citizens Experience to all external and internal customers.
• Other duties as assigned.

Supervisory Responsibilities

None.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Bachelor's degree (B. A.) from four year college or university; minimum of seven years of commercial or asset based lending experience and/or training; or equivalent combination of education and experience. Thorough knowledge and understanding of accounting procedures and practices, collateral and financial analysis. Knowledge of bank operations.

Language Skills

Ability to read, analyze, and interpret documents such as financial statements, balance sheet, income statement, inventory lists, and other related business reports. Ability to write routine reports and correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, and customers.

Mathematical Skills

Ability to work with mathematical concepts including statistical evaluation, and to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability

Ability to solve practical problems and manage a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills

Must be computer literate with an intermediate level of expertise in Microsoft Word and Excel software.

Certificates, Licenses, Registrations

This position requires a valid California Driver's License, evidence of good driving record and proof of auto insurance.

Other Skills and Abilities

Negotiation skills a must. Good project management skills, Good research skills, Good ability to handle multiple projects and product initiatives at one time. Excellent analytical and communication skills including effective vendor management for the needs of the Bank.

Excellent customer service skills, solid business writing skills & user Acceptance Testing experience

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to talk or hear. The employee is frequently required to stand; walk; sit; use hands to handle or feel and reach with hands and arms. The employee is occasionally required to climb or balance and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, depth perception and ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The department is presently located on the second floor of a two story office building. All work is performed in bullpen style workstations. The noise level is usually moderate.

Salary Range:$23.9300 To 32.3100 Hourly

40 hours per week.