Asset-Based Lending Loan Operations Specialist

Technology Credit Union • Remote,

1d • $83,500 - $114,500 • Hybrid

About The Position

The Asset-Based Lending Loan Operations Specialist will be responsible for supporting the Tech Capital Asset-Based Lending (ABL) new business and loan portfolio management. This includes coordinating required collateral support for daily advances and initial loan funding. The incumbent will also prepare ABL specific loan reports as requested. The candidate will assist the Portfolio Manager in maintaining strong documentation management and oversight of the ABL process.

Requirements

• BA/BS degree in a business or STEM discipline, or equivalent work experience.
• 3+ years’ experience in related disciplines, including loan processing and documentation.
• Strong analytical and problem resolution skills.
• Solid understanding of loan documentation and operational needs.
• Strong organization, verbal and written communication skills.
• Awareness of loan processing rules, regulations, policies and procedures.
• Effective interpersonal skills.
• Ability to navigate multiple software applications; MS suite of applications, financial spreading tools.
• Ability to participate, sustain performance, and thrive on a high-energy team.

Responsibilities

• Assists Relationship Manager’s with execution of the Asset Based Lending documentation requirement process.
• Leads the daily processing of loan collections and applying collections to the loan collateral base.
• Assists Relationship Manager’s with debtor searches, collateral reconciliations and processes periodic verifications consistent with ABL policies and standards.
• Attends to issues within the scope of the job as they occur or as directed by the Operations Manager.
• Assists in the daily management of ABL policies and standards.
• Assists with the preparation of regular ABL loan reporting as requested by Technology Credit Union (Tech CU) and Tech Capital.
• Sets up e-file storage for ABL loans and maintains required legal documentation.
• Generates due diligence reports including credit reports, Uniform Commercial Code (UCC) searches, and other required reports on prospective clients, current clients and account debtors, as necessary.
• Assists with credit requirements, including assisting with the timely collection of clients’ financial, collateral and other Borrower level reporting.
• Assists Relationship Manager’s with periodic receipt of required reporting for insurance, UCC filings, suits, liens and judgements and other required reports.
• Assists with prospective and existing client audit schedule and associated documentation requirements.

Benefits

• Health Coverage: Medical, dental, and vision plans
• Income Protection: Life and disability insurance
• Retirement: 401(k) plan with company match
• Paid Holidays: 12 days annually
• Paid Time Off (PTO): Accrues at 7.08 hours per bi-weekly paycheck (approximately 23 days per year), Increases with length of service
• Voluntary Time Off (VTO): 8 hours annually for full-time employees to support charitable organizations
• Flexible Spending Accounts
• Employee-paid voluntary benefits
• Leaves of absence in compliance with state and federal regulations

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree