Collateral Analyst

First Merchants Corporation•Fort Wayne, IN

14h

About The Position

First Merchants Bank is seeking a Collateral Analyst to join their team. This position will perform collateral monitoring tasks and operational tasks while assisting with the timely and accurate risk grading of the commercial banking portfolio.

Requirements

Bachelor's degree.

Nice To Haves

Bachelor’s degree (or completion within current semester) in accounting, finance, or business.
Prior Asset Based Lending or Collateral Monitoring experience
Proficient use of MS Office products including Word, Outlook and Excel.
Adobe Acrobat experience and the ability to learn job-related software.

Responsibilities

Complete accurate, unbiased collateral analyses within required timelines and according to standards.
Complete collateral monitoring functions for designated portfolio including: Review of borrowing base requirements detailed within the Credit Decision Summary prior to or commensurate with loan closing.
Provide the Commercial Lending Team with borrowing base templates for Client use with on-going monitoring requirements as approved in the CDS and documented in the credit agreement.
Establish and maintain Client profiles within the borrowing base monitoring software.
Confirm appropriate ticklers are set up within the Bank’s core system for monitoring the receipt of required financial reporting documents for borrowing base reporting.
Assist the Commercial Lending Team with the collection of necessary Financial Reporting Documents for the completion of borrowing base testing.
Ensure the timely and accurate filing of all borrowing base reports and supporting documentation in the bank’s imaging system.
Assist the Client and Commercial Lending Team with modifications to borrowing base submission and reporting process to ensure compliance detailed within the credit agreement.
Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings, accounts payable agings, perpetual inventory reports, and other supplied information as appropriate.
Identify and communicate deteriorating liquidity and over-advance issues found during borrowing base testing to department management.
Update borrower loan availability in Bank’s core system.
Interface with clients as needed for questions and resolution of issues on draws and availability.
Maintain the Regional Borrowing Base Utilization Report.
Provide collateral trend reporting and analysis as requested.
Review real estate appraisals and evaluations as needed.
Reconcile borrowing base to credit agreement.
Attend and participate in loan committees as requested.