ABL Collateral Analyst

Valley Bank•Jericho, NY

About The Position

The ABL Collateral Analyst reviews and analyzes loan collateral and borrowing-base availability, processes advance requests, monitors collateral performance and compliance, and communicates findings to colleagues, borrowers, portfolio managers, senior management, and other stakeholders. The role conducts detailed validation and reconciliation of borrower-reported collateral and loan activity, identifies potential risks and reporting issues, and recommends appropriate actions. It also monitors developments in asset-based lending and related regulations and supports the use of best practices within the organization.

Requirements

Bachelor's degree in Business Administration, Economics, Finance, Accounting, or a related field.
Five years of experience in asset-based lending or a related field.
Proficiency in MS Excel and other Microsoft Office applications.
Ability to analyze, interpret, and apply financial analysis, financial modeling, and statistics.
Strong written and verbal communication skills, including the ability to present findings to senior management.
Ability to work independently and in a team and collaborate effectively.
Strong analytical and critical-thinking skills, with experience leading complex evaluations.
Experience with collateral field examinations.
Experience using an ABL software system; ABLSoft is preferred.
Strong understanding of lending regulations and standards.
Detail-oriented and organized.
Ability to manage multiple tasks with competing deadlines in a fast-paced environment.
Ability to maintain confidentiality and uphold strong ethical standards.

Nice To Haves

Working knowledge of bank regulations and commercial or consumer lending businesses.
Experience with ABLSoft.

Responsibilities

Lead review and analysis of loan collateral, including borrowing base certificates, accounts receivable aging reports, inventory reports, and appraisals.
Process advance requests, validate sufficient availability, and obtain required approvals.
Review and monitor collateral performance trends and communicate analysis to colleagues and clients.
Evaluate asset values and determine loan eligibility accurately.
Monitor collateral for compliance with loan conditions and proactively identify potential issues.
Verify incoming borrower cash receipts and record information in the loan monitoring system.
Communicate with borrowers and portfolio managers to resolve collateral issues and provide guidance on best practices.
Prepare detailed loan collateral reports and present findings to senior management and stakeholders; process and review month-end closing systems.
Complete and review collateral analyses, identify issues, and determine appropriate actions to resolve reconciliation matters and reporting issues.
Validate and reconcile borrower-reported borrowing-base collateral to ensure availability is accurate and conforms to the credit agreement.
Analyze ineligibles and reserves and recommend changes based on collateral analysis.
Reconcile loan balances, advances, and cash collections daily between the bank's core loan system and ABLSoft.
Review invoices and credit memos and perform account verifications as needed.
Ensure compliance with credit policies and maintain accuracy in operational procedures.
Develop an understanding of clients to identify early warning signs of increased risk.
Stay current on industry and regulatory developments and trends related to asset-based lending and implement best practices within the organization.