What are the responsibilities and job description for the ABL Monitoring Specialist position at Banesco USA?
Job Title
Asset Based Lending Monitoring Specialist
Banesco USA is seeking an Asset Based Lending Monitoring Specialist for our Credit Department.
Primary Job Duties
Banesco USA is part of Banesco International, a worldwide group of financial institutions with a presence in 14 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.
Asset Based Lending Monitoring Specialist
Banesco USA is seeking an Asset Based Lending Monitoring Specialist for our Credit Department.
Primary Job Duties
- Responsible for conducting monthly quality control of client’s collateral while identifying opportunities.
- Responsible for ensuring adherence to requirements per loan documents and loan agreement.
- Responsible for monitoring borrower submission of required documentation in connection with borrowing base certificates, purchase order financing, full-doc A/R financing and tax certificate and deeds financing.
- Responsible for reviewing and verifying borrowing base certificate for accuracy.
- Responsible for monitoring all supporting collateral documents and schedules to determine any ineligible amounts.
- Responsible for verifying advance requests are within allowed loan limits and in accordance with loan documents.
- Responsible for timely engagement of 3rd party field audits.
- Responsible for verifying and tracking private credit insurance and Exim-bank insurance.
- Responsible for maintaining an ABL Monitoring Report that reflects Borrowing Based Availability and Accounts Receivable, Accounts Payable, Inventory, Sales and Collection trends, as well as other relevant indicators.
- Responsible for informing the Lender, Portfolio Managers and Credit Management of any significant changes in the Collateral Borrowing Base Availability, non-compliance, past-dues and of any other significant developments that impact the condition of the loan.
- Works closely with lending personnel to meet advance timeframes and deadlines.
- Responsible for completing annual training program assigned.
- Performs other functions and/or duties as assigned.
- Education: Bachelor’s degree in Business Administration with an Accounting or Finance focus is preferred or equivalent experience.
- Experience: Three (3) years of experience in a monitoring, underwriting or audit role or experience in the ABL credit/loan administrative area of banking.
- Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and the G Suite.
- Knowledge of ABL & Trade Finance procedures and SBA regulatory guidelines to ensure compliance.
- Experience with Cync-ABL, Stucky and/or ABLSoft is preferred.
- Must be bilingual: English, Spanish.
- Strong verbal and written communication skills, ability to communicate at all levels of the organization.
- Strong attention to detail and accuracy.
- 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.
- Competitive Salary.
- PTO
- Hybrid Work Model (remote and on-site work)
- Tuition Reimbursement.
- Paid Parental Leave
- Medical, Dental, Vision
- 401(k) retirement plan.
- Life Insurance
- Supplemental Insurances
- Short-Term & Long-Term Disability
Banesco USA is part of Banesco International, a worldwide group of financial institutions with a presence in 14 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.
