Collateral Analyst Senior FL

The Collateral Analyst Senior will be responsible to : Assess the integrity of collateral and identify early warning signs for different loan types and borrower risk profiles assigned to the ABL portfolio. This consists of small business and middle market borrowers. They will review monthly borrowing base reports for accuracy, timeliness, and risks which may affect collateral value and / or loan repayment. Effectively monitor loans with credit enhancements such as SBA guaranties, Exim Bank guaranties, and credit insurance. Evaluate the migration of borrower risk over time and apply controls to minimize risk of loss or value. Provide support to the department during absence of ABL Supervisor or ABL Manager. Review documents to support Borrowers’ requests for disbursements under transactional credit facilities including Mortgage Warehousing Lines of Credit. Handle the safekeeping of original documents. Monitor collateral requirements and exceptions.

Responsibilities :

• Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues
• Identify, evaluate, monitor, and make any recommendation deemed necessary to the Risk Management Committee in order to assess, reduce, eliminate, or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules regulations, prescribed practices, internal policies and procedures or ethical standards.
• Maintain excellent understanding of all ABL products (Credit Risk Policy & Credit Program Requirements) for each targeted segment.
• Analysis of collateral by identifying and understanding different types of risks to assess adequacy of advance rates, inventory valuations and propose limits.
• Review, assess and make recommendations as deemed necessary on pre-funding audits, on-going field audits, and inventory appraisals (when applicable) for assigned asset-based loans in accordance with the frequency determined by Credit Policy and / or as approved by corresponding lending authority on each loan relationship.
• Prepare (as necessary) and monitor that Collateral Review reports are submitted to and acknowledged by Relationship Managers / Business Managers within the established turnaround time addressing all relevant findings, accordingly, with appropriate set course of action to monitor and avoid any further deterioration of the underlying collateral.
• Review and validate borrowing base certificates for accuracy and consistency with associated aging reports and ascertain that collateral monitoring worksheets are updated; reconciled including balancing unapplied cash and excess availabilities between collateral monitoring worksheets and BBC. Validate that outstanding items were properly reconciled.
• Review and validate documentation and specific advance rates and repayment arrangements, accordingly.
• Periodically confirm borrowing base certificates and collateral reports against same date financial reports submitted by the borrower.
• Effectively analyze and monitor trend of receivables and other collateral pledged and make proper recommendations on red flags and findings to avoid further deterioration of collateral position and or anticipate potential problems.
• Assist ABL Manager with the update and review of “monthly summary trend reports”
• Provide excellent customer service to the ABL portfolio of customers.
• Provide written constructive feedback and proper recommendations to Credit Services and to Relationship Managers regarding experience with ABL customers and management in submitting required documentation / requirement to ABL Department each month; as well as updates on ongoing assessment of collateral and any red flags prior to executing an extension or renewal of relationship.
• Continuously look for innovative ways to refine and / or automate processes to gain efficiencies and improve operational controls due to evolving market and industry conditions
• Assist ABL Manager to obtain necessary documentation to recommend approval of ABL Field Examiners to the Bank’s approved vendor list.

Work Experience :

Minimum five years of ABL Administration and Monitoring experience related to borrowing base reports, field examination audits and inventory appraisals. Prior ABL Credit Analysis experience is a plus. Experience in mortgage warehousing lending is a plus.

Education and / or Certifications :

Bachelor’s degree in business administration, Finance, or related disciplines. Credit Analysis Certificate or 10 years’ experience in ABL field.

Technical Skills and Knowledge Requirements :

Knowledge of credit insurance programs, documentation, and requirements. Knowledge of loan and deposit online system (IBS or similar). Knowledge of asset based lending practices, including interpreting field audits, borrowing base reports, and notices received from other creditors. Knowledge of EX-IM bank documentation and administration procedures. Strong organizational and project management skills, accounting, and operations knowledge, and understanding of the UCC. Independent thinker. Ability to multitask and maintain customer and / or vendor relationships. Previous experience with Outlook, Internet, and MS Office Skills, including MS Word Advanced, MS Excel Advanced and MS PowerPoint Level II required. Knowledge of collateral monitoring systems is a plus.