Acctg/Compliance Offcr-ABL

UMB Bank • Dallas, TX

18d

About The Position

The Accounting & Compliance Officer splits duties between accounting and compliance. This position helps maintain the integrity of company records and bank accounts and provides reporting to management. It also helps ensure that Capital Finance operates in accordance with corporate policy and external regulations, including those of the Office of the Comptroller of the Currency (OCC). The role coordinates external examinations and internal reviews, prepares financial reports, supports loan funding and operations, and oversees compliance processes and documentation for ABL.

Requirements

• At least 3 years of accounting or related experience.
• Strong organizational skills.
• Strong written and verbal communication skills.
• Ability to solve problems.
• Ability to multitask.
• Strong analytical skills.
• Proficiency with Microsoft Word, Excel, PowerPoint, and Outlook.

Nice To Haves

• Four-year college degree.
• Some knowledge of federal banking regulations.

Responsibilities

• Coordinate reviews and examinations by external authorities, including the OCC, and internal functions such as loan review, corporate auditing, and quarterly portfolio reviews.
• Prepare and provide monthly, quarterly, and annual financial reporting to management as needed.
• Review, negotiate, and execute legal documents with outside counsel and clients as appropriate.
• Review documents and initiate steps to obtain priority security lien interests for new transactions and client modifications.
• Assist with funding, including entering advance approvals as authorized, and ensure documentation complies with company policies, procedures, and applicable regulations.
• Coordinate client billings and daily loan processing of advances and collections, ensuring transactions are properly authorized, initiated, and recorded.
• Review and assist in negotiating legal documentation for credit facilities; authorize loan advances from lenders, execute documents, and direct financial transactions as applicable.
• Perform lien searches and analyze results for underwriters and account executives; initiate or direct external counsel to complete UCC filings before loan funding.
• Review prospect and client Customer Identification Worksheets for compliance with the Company's Customer Identification Program.
• Prepare legal files after closing for each credit facility.
• Set up new clients in the loan system and maintain records for existing clients.
• Prepare and maintain the company's Office of Foreign Assets Control (OFAC) database.
• Liaise with the Compliance Committee to complete periodic compliance projects and support compliance with regulatory authorities and corporate policy, including preparing and distributing ABL compliance policies.
• Coordinate with Credit Management on revised Underwriting Guidelines and establish necessary exception tracking.
• Advise ABL staff of changes in corporate policy.
• Update the ABL Procedures Manual as procedures or structures change.
• Conduct periodic staff training on regulatory, policy, and compliance topics, including customer identification and information security.
• Take initiative to make decisions and complete projects, seeking input or involving others when appropriate.
• Perform other duties as assigned.

Benefits

• Paid time off.
• 401(k) matching program.
• Annual incentive pay.
• Paid holidays.
• Company-sponsored medical, dental, vision, and other insurance coverage.
• Health savings, flexible spending, and dependent care accounts.
• Adoption assistance.
• Employee assistance program.
• Fitness reimbursement.
• Tuition reimbursement.
• Associate wellbeing program.
• Associate emergency fund.
• Associate banking benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed