What are the responsibilities and job description for the Collateral Analyst position at East West Bank?
Introduction
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
Overview
East West Bank is currently seeking a Collateral Analyst, Commercial (Asset Based) Banking for their New York Office.
As an East West Bank employee, you will be part of a rapidly-growing and financially strong organization that provides career path development opportunities while serving a large and profitable market.
Responsibilities
- Update, track and follow up with customer’s financial & collateral reports due on a daily and quarterly basis to ensure they are meeting their financial requirements as per loan agreements
- Investigate and follow-up with customers and internal departments on reporting exceptions and aged/outstanding issues
- Update monthly/quarterly trend cards from borrowing base reports
- Prepare and distribute interest/fee statements for monthly settlements
- Investigate interest/fees discrepancies with internal departments and customers
- Upload and manage files
- Assist with any Ad-hoc projects
- Prepare the reporting status for weekly meeting of aged/outstanding financial reports to be followed up with action plan and update CASH-OnTrack with comments
- Upload and manage data files in the Sharefiles on a daily/monthly basis where EWB is lead agent to ensure all Participant banks have been notified accordingly
- Back up coverage on daily advances for holiday/sick leave of other colleagues
- Perform other duties as assigned
Qualifications
- Bachelor's degree preferably in finance and/or accounting, or combination of education with working knowledge of finance/accounting
- Minimum one year experience with Asset Based Lending Collateral Monitoring and/or prior commercial lending experience
- Each team member must have knowledge of BSA/AML/OFAC laws/regulations, understand how these obligations relate to his/her role, and comply with these laws and regulations
- Efficient in use of commercial loan systems (M & I) & (OnTrack)
- Understanding of regulatory compliance regarding commercial lending
Compensation
The base pay range for this position is USD $25.00/Hr. - USD $32.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.Salary : $25 - $32
