ABL Collateral Analyst II

TD•Mount Laurel, NJ

1d•$24 - $36•Onsite

About The Position

The ABL Collateral Analyst II is required to analyze collateral information (submitted by bank clients) to determine the eligibility and integrity of collateral values as they are used in the calculation of collateral/loan availability. The ABL Collateral Analyst II advances funds against pre-approved lines of credit based upon the timely and accurate analysis and updating of results from the analysts independent review and analysis of collateral information/values. This job provides highly specialized collateral analysis and monitoring support to the Commercial Bank and ABL credit teams, and to bank clients, for senior secured credit facilities. The ABL Collateral Analyst II serves as a subject matter expert, on current asset collateral, providing regular and ongoing collateral/availability trend analysis, root cause analysis/due diligence, and exception analysis.

Requirements

Bachelors degree with area of focus in Business, Accounting or Finance preferred
2+ Years of related experience involving knowledge and practical experience with accounting/financial entry practices and procedures
Possesses and demonstrates near expert knowledge of department processes, collateral analysis, internal support and transaction support functions
Proven proficiency in Reconcilement/ Analysis-related job functions
Knowledge of Asset Based Lending products/services and offerings
Experience with Asset Based Lending software including Stucky or related software
Knowledge with bank systems, including, but not limited to Loan, DDA, LC, Treasury Management and File Management
Proven proficiency in basic Microsoft Excel and Word use. Basic Excel, with some experience with macros/formulas is preferred
General knowledge of credit & collateral analysis techniques
Very strong communication skills, both verbal and written. Ability to present a concise synopsis of a situation and recommended outcome/action/esolution
Proven ability to engage in deeper analytical thinking and utilization of problem solving skills
Self-directed toward meeting deadlines
Ability to maintain the confidentiality of credit and Customer information
Very strong and positive interpersonal skills and team orientation
Leadership qualities exhibited

Nice To Haves

Experience with Monarch software in the development, and maintenance of collateral analysis models
Experience with Stucky or related software

Responsibilities

Applies analytical tests and analyzes Foreign Credit Insurance limits, EXIM working capital program specifications, LC terms and applicability, multiple aging considerations, and the application of caps and/or reserves
Identifies trends in reporting, collateral analysis results or availability, performs due diligence/root cause analysis/ investigation, demonstrates sound critical thinking skills, and escalates facts to the Operations Supervisor/Manager to determine appropriate action
Tracks and gathers required collateral information
Tracks and analyzes collateral availability and Customer trends and prepares management reports according to established department policies and procedures and legal/regulatory guidelines
Prompts identification of over-advance situations or collateral discrepancies and escalates appropriately for prompt and accurate resolution
Recommends and implements the appropriate strategy to address collateral issues; Performs the required research, investigation and prepares reports/communications relating to collateral issues/position, identifies resolution options and required course of action; Obtains the necessary guidance and approvals from Operations management and credit team members
Communicates clearly and effectively the key results and highlights of the analyses, and important status relating to collateral exceptions, BBC discrepancies, and over-advance status to credit team members and Operations management
Formulates a clear, concise, yet comprehensive presentation of facts surrounding collateral exceptions/issues toward a timely resolution objective
Provides Customers with results of analysis, account information as requested and ability to determine the appropriate next steps in identifying root cause; Completes proactive research, through Field Exams, prior analyses, RM/client inquiry, as appropriate, and resolving any discrepancies and/or disputes
Refers and validates key loan and collateral terms against important source documentation including the loan agreement, field examination documentation, internal credit approval documentation, and underwriting/credit policy references
Develops Excel macros/formulas and models; Utilizes Monarch software in the development, and maintenance of collateral analysis models, leveraging experience gained in collateral analysis; Develops/constructs a Borrowing Base Report template specific to particular loan/collateral structures
Works more autonomously, requiring less supervision, and exhibiting leadership qualities in terms of providing guidance to junior team members
May accompany the Operations Supervisor and Credit Team on on-site Customer visits to review collateral monitoring/transaction protocols, reporting, collateral analysis/calculation activities