Collateral Analyst

Renasant Bank•New Orleans, LA

7d•Onsite

About The Position

This position serves Republic Business Credit which is a subsidiary of Renasant Bank. The Collateral Analyst will ensure that RBC’s management of collateral and account debtors are in compliance with the Credit Policy and operating and approval conditions as set out in the Client Credit Committee Approval (CCCA) document (or as amended by subsequent client reviews) – collectively “Credit Standards”. REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS

Requirements

High school diploma or equivalent required, Bachelor’s degree is preferred
One year of relevant business related experience in a Banking, Accounting and/or Finance required
Ability to build internal and external relationships.
Work in a fast moving team environment.
Must be organized and able to prioritize and manage high volume of collection and verification calls.
High level verbal and written communication skills.
Familiarity with accounts receivable and supporting documentations.
Ability to work independently and yet collaborate in a team environment
Strong attention to detail
Ability to handle multiple priorities simultaneously

Responsibilities

Review schedules and support documentation in full or on sampling basis (as defined by Client operating conditions) for compliance with Credit Standards
Ensure supporting documentation (invoices, pod’s, po’s, shipping information, contract) are in place for the schedule
Ensure schedule is appropriately completed and signed by authorized signatory
Undertake pre-funding verification of schedule as per Client operating conditions ensuring recorded and detailed in notes in Cadence. Timely save recordings on network. Undertake post funding verification calls in line with Client operating conditions.
Ensuring recorded and detailed in notes are maintained in Cadence. Timely save recordings on network
Use verification and collection queues in Cadence and adhere to call back dates in Cadence
Ensure verification levels within assigned clients (and team assigned clients where support is needed) meet the client level and portfolio targets
Verify and establish relationships with new account debtors in line with Debtor Review process
Ensure we have confirmed by third party means contact details
Ensure notification letters have been sent and recorded as sent
Ensure details including approved debtor limits are included in Cadence system and follow Debtor review process
Undertake ongoing contact with the account debtors regarding the payment remittance direction, verification and payment status of client accounts. Work closely with the client assigned Relationship Manager and Portfolio Manager to communicate issues and trends on the client facilities
Proactively track collateral and identifying trends that point to a need for attention to verifications and/or collections on accounts within the assigned portfolio
Support cash collections allocations as required
Assist operations team with record keeping of daily, weekly, monthly and annual reporting
Performs other related duties as assigned