What are the responsibilities and job description for the Collateral Analyst position at Career Developers, Inc.?
Custody and/or Collateral Analyst - (5 years experience) (6 Contract with Right to Hire)
Location: Jersey City, NJ
Rate: 50-55hr.
In the Collateral and Custody Group, the Anlyst ensures the accurate documentation and custody of collateral. Their work is operational, focusing on tracking, securing, and maintaining collateral records.
Key Responsibilities:
- Custody Management: Safeguarding documents and assets tied to the collateral (e.g., titles, deeds, or securities certificates).
- Lien Perfection: Ensuring that liens on collateral are properly filed and recorded to protect the lender's interest.
- Loan Processing: Preparing loan agreements and securing necessary documentation related to collateral.
- Ongoing Compliance: Monitoring borrower compliance with loan terms tied to the collateral (e.g., insurance maintenance).
- Communication: Coordinating with borrowers, legal teams, and other stakeholders to resolve collateral-related issues.
Specialized Skills:
- Familiarity with loan management systems and collateral custody platforms.
- Knowledge of regulatory requirements for custody and lien management.
- Attention to detail and organizational skills for managing sensitive documents
