ABL Monitoring Manager

Banesco USA• Miami, FL, US, FL

1d•Hybrid

About The Position

Banesco USA is seeking an ABL Monitoring Manager for our Credit Department. This role involves overseeing collateral monitoring and administration, managing borrowing base certificates, advance approvals, and tracking ineligible collateral. The manager will also coordinate field exams and appraisals, review reports, and implement adjustments based on findings. Additionally, the position requires team leadership, workflow optimization, and serving as the administrator for the bank's ABL collateral tracking software. The role also includes risk reporting, trend analysis, portfolio reporting, and cross-functional collaboration with underwriting and client communication.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
5 to 7+ years of experience in asset-based lending operations, collateral monitoring, field exams, or loan administration.
2+ years of supervisory or team lead experience.
Exceptional understanding of ABL mechanics, Borrowing Base calculations, and collateral eligibility criteria.
Ability to interpret complex credit agreements and translate legal terms into daily monitoring procedures.
Strong proficiency in reviewing and dissecting Accounts Receivable and Inventory agings.
Experience with specialized ABL monitoring software and advanced Microsoft Excel skills (vlookups, pivot tables, complex formulas).
Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and the G Suite.
Strong verbal and written communication skills, ability to communicate at all levels of the organization.
Strong investigative mindset to detect irregularities or potential fraud in borrower reporting.
Strong attention to detail and accuracy.
Ability to thrive in a fast-paced environment where daily funding deadlines must be met.
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.

Nice To Haves

A strong accounting background is heavily preferred for this role.
Preferably bilingual: English, Spanish.

Responsibilities

Oversee the receipt, review, and reconciliation of Borrowing Base Certificates (BBCs), accounts receivable aging’s, accounts payable aging’s, and inventory reports.
Review and approve daily or weekly funding requests, ensuring advances are supported by eligible collateral and fall within established advance rates and credit limits.
Continuously monitor and calculate ineligible collateral (e.g., cross-aging, contra accounts, foreign receivables, obsolete inventory) per the loan agreement.
Immediately identify, report, and manage any overadvance situations, working with the relationship manager and senior credit staff to resolve them.
Schedule and coordinate recurring third-party field examinations and inventory/equipment appraisals based on the bank's policy frequencies.
Thoroughly review field exam reports and appraisals, identifying key findings, negative trends, or discrepancies in the borrower's reporting.
Adjust borrowing base formulas, advance rates, or collateral reserves based on the recommendations and findings of field exams.
Supervise, train, and develop a team of ABL Monitoring Specialist.
Manage the daily workflow of the monitoring team to ensure BBCs are processed and funding requests are executed promptly, maintaining excellent client service.
Serve as the primary administrator for the bank’s ABL collateral tracking software (e.g., Cync ABL), ensuring data integrity and system optimization.
Track borrower trends (e.g., dilution rates, monthly sales and customer collections, ineligible collateral, etc.) and report material changes or red flags to the Credit Department and Corporate Banking Department.
Prepare monthly portfolio monitoring reports for distribution to members of the Credit and Corporate Banking Management team, highlighting high-risk accounts.
Provide historical collateral performance data and operational insights to Credit Underwriters and Portfolio Managers during annual renewals or loan modifications.
Communicate directly with borrowers' accounting or finance departments to resolve reporting discrepancies, missing documentation, or BBC calculation errors.