Asset Based Lending Account Executive, Sr

Columbia Bank•Glendale, CA

1d•Onsite

About The Position

Responsible for managing the overall monitoring and servicing of asset-based loans, including the collateral monitoring of more complex or special significance asset-based loans in accordance with the applicable policies and guidelines. Keep apprised of industry related, political and regulatory issues to determine the impact on specific industries and clients. Works closely with the ABL Operations Team on collateral management and daily workflow. The monitoring process also involves collaborations with the Lending Unit and Credit Administrators on loan structuring, underwriting, documentation, and closing of prospect/existing borrower account. Responsible for a designated portfolio of the more complex and higher risk ABL clients, performing both quantitative and qualitative analysis of various assigned collateral categories. Provide collateral risk recommendations with emphasis on collateral coverage through close monitoring of accounts. Support and collaborate with the lending units including prospect pre-screening, existing credit renewal, client visits, loan structuring, documentation review, pre-funding requirements and loan workouts. Develop and maintain a solid working relationship with the lenders and credit approvers to ensure timely workflow on credit requests. Independently helps determine appropriate borrowing base structure and underwrites changes to structure as risk dictates. Coordinate and determine the scope of field examination and appraisal. Ensures that vendor contracts are in place, engagements are monitored, and quality of work performed by independent contractors meets service requirements. Responsible for the overall identification and reporting of ABL loan violations, and potential concerns on collateral and financial performance on a regular basis. May approve/disapprove loan advances and paydowns. Makes decisions on complexity of loan to determine distribution and special handling requirements. May direct the work of other associates within ABLD. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become “Business Bank of Choice” May perform other duties as assigned.

Requirements

7-10 years of field examiner or ABL risk management experience.
Experience managing a complex Asset Based Lending portfolio including loan workout, liquidations and/or other directly related experience.
Expert knowledge as a specialist of Asset Based Lending relating to credit analysis, collateral processes and procedures.
Extensive knowledge of financial statement analysis.
Expert knowledge of asset-based collateral exams; understanding the importance of collateral exam and appraisal as tools for monitoring credit risk.
Advanced analysis and mathematical aptitude skills.
Excellent negotiation and communication skills, both verbal and written.
Proven experience with reviewing and directing the work of others.
Strong organizational, accountability and adaptability skills.
Excellent customer relations and leadership skills.
Expert knowledge of Asset Based Lending policies, procedures, practices and documentation.
Ability to apply ABL principles, theories, concepts, and techniques.
Strong working knowledge of Word, Excel, and other ABL software applications.

Nice To Haves

Ability to work fully onsite at posted location(s).

Responsibilities

Manage the overall monitoring and servicing of asset-based loans.
Perform collateral monitoring of complex or special significance asset-based loans.
Keep apprised of industry, political, and regulatory issues impacting industries and clients.
Collaborate with the ABL Operations Team on collateral management and daily workflow.
Work with Lending Units and Credit Administrators on loan structuring, underwriting, documentation, and closing.
Manage a portfolio of complex and higher risk ABL clients, performing quantitative and qualitative analysis.
Provide collateral risk recommendations, focusing on collateral coverage.
Support lending units with prospect pre-screening, credit renewals, client visits, loan structuring, documentation review, pre-funding, and loan workouts.
Develop and maintain relationships with lenders and credit approvers.
Determine appropriate borrowing base structure and underwrite changes as risk dictates.
Coordinate and determine the scope of field examinations and appraisals.
Ensure vendor contracts are in place, engagements are monitored, and contractor work meets service requirements.
Identify and report ABL loan violations and potential concerns on collateral and financial performance.
Approve/disapprove loan advances and paydowns.
Make decisions on loan complexity for distribution and special handling.
Direct the work of other associates within ABLD.
Demonstrate compliance with all bank regulations and policies.
Stay up-to-date on regulation changes.
Complete all required annual or job-specific training.
Maintain working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security, and other applicable regulations.
Coach, mentor, or train others and teach coursework as a subject matter expert.
Foster the Columbia corporate culture.
Take personal initiative and be a positive example.
Embrace the vision to become “Business Bank of Choice”.
Perform other duties as assigned.