ABL Operations Structure Admin

Fifth Third Bank • IL

88d • $69,800 - $143,100

About The Position

The ABL Operations Structure Admin is responsible for developing the structure of ABL and Commercial monitored credit agreements (new and amended) and inputting same into the collateral and loan monitoring system; processing, monitoring, and reconciling system interfaces between the ABL system and the bank’s core system, identifying and resolving issues. The role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Bachelor’s degree or equivalent from a four-year college or university in Accounting or related field with at least 2 accounting-related courses.
• Seven or more years of Loan Operations experience or equivalent combination of education and experience.
• Seven or more years of Asset Based and Commercial Lending operations experience is preferred.
• Ability to read, analyze, and interpret legal documents and credit approvals.
• Ability to write business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Advanced knowledge of Excel spreadsheet software, and working knowledge of Word.
• Experience with Stucky NT/ABL or similar collateral and loan monitoring system preferred.
• Familiarity with commercial loan and deposit systems is also preferred.
• Strong oral and written communication skills.
• Strong knowledge and understanding of Asset Based Lending products and loan structures.
• Excellent reconciling, analytical, and problem solving skills.

Responsibilities

• Identifies all facility structure details from the loan documentation and credit approvals to be on-boarded to the Department’s collateral and loan monitoring system.
• Reviews the draft loan documents and credit approvals to ensure that the loan documents agree with the approval.
• Shares any discrepancies with the relationship officer and/or underwriter to ensure that the final documents allow the deal to function as anticipated within the system.
• On-boards all structural components of the credit agreement to the Department’s collateral and loan monitoring system for new funding’s and amendments.
• Identifies and resolves discrepancies between the Department’s system and the bank’s core system with regards to interest and fee accruals, amortization payments, commitment amounts, maturity dates, etc.
• Collaborates with various bank personnel to maintain a cohesive, accurate and efficient flow of information with regards to new funding’s and amendments.
• Escalates issues and ensures satisfactory resolution of all exceptions noted during the documentation review process.
• Processes month-end updates of the Department’s collateral and loan monitoring system.
• Generates accurate interest statements and interfaces files to post interest, fees, and amortization payments to the bank’s core system.
• Monitors and escalates system irregularities to proper personnel and coordinates satisfactory fixes/resolutions.
• Processes and reconciles daily system interfaces between the Department’s system and the bank’s system.
• Completes daily reconciliations of outstanding note balances and interest accruals in the Department’s system to the bank’s system.
• Identifies, reviews, and assists in resolving discrepancies.
• Assists Collateral Analysts in reconciling client interest and fee issues.
• Provides support in system structures and functionality to internal customers.
• Participates in developing, testing, and implementing system enhancements for projects and efficiency gains.
• Develops custom structures within Stucky (and potentially other applications) for complex deals where the systems basic functionality cannot accommodate the facility.
• Maintains configuration mapping within the ABL Trend Card database.

Benefits

• Comprehensive medical, dental, and vision coverage.
• 401(k) plan and employee stock purchase plan with generous employer match.
• Flexible paid time off.
• Comprehensive leave programs.
• Unique benefits to support overall mental and physical wellness.

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees