Collateral Analyst

Gulf Coast Bank & Trust • Bloomington, MN

just now • Onsite

About The Position

SPECTRUM Commercial Finance, an asset based lending and accounts receivable financing company, is seeking a Collateral Analyst for our Asset Based Lending division.

SPECTRUM is headquartered in Bloomington, MN and specializes in providing financing to financially challenged business nationwide. We are in the office 5 days a week and do provide on the job training for all duties listed below.

Benefits: What we offer
Competitive salary & commission structure to elevate your earning potential.
Comprehensive benefits package that includes the following (based on eligibility and requirements):
Employee Stock Ownership Program,
Retirement Savings Plan,
Medical, Dental, & Vision programs,
Health Savings Accounts, and
Flexible Spending Accounts.
Career Growth opportunities - tuition reimbursement.
Energetic and collaborative work environment.

Requirements

• Two year Accounting, Finance, or other Business degree or equivalent experience required
• Strong verbal and written communication skills necessary
• Must be detail-oriented and organized with strong analytical and interpersonal skills.
• Proficiency in Microsoft Excel, Word and Outlook are required
• Must be a self starter, possess strong decision-making skills, and take ownership of various processes.
• Ability to travel if required to perform the essential job functions.
• Ability to work under stress and meet deadlines.
• Ability to read and interpret a document if required to perform the essential job functions.
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Responsibilities

• Assisting in the maintenance, monitoring, and management of the asset based lending portfolio, this includes:
• Processing and monitoring client’s daily collateral and loan activities
• Reviewing and processing client’s monthly resets
• Handling client’s daily loan advance requests
• Analyzing client reports
• Tracking, monitoring and enforcing client reporting
• Troubleshooting and resolving client issues with management as needed
• Assisting in new client searches and onboarding (including training and follow-up on certain documentation)
• Assisting in additional administrative tasks associated with this position, this includes:
• Handling daily banking activity
• Processing lockbox from time to time
• Managing UCC filing and upkeep along with other client searches
• Assist in client document and certificate follow-up tracking (Tickler List management)
• Assisting in continual development of monitoring procedures and company operations
• Handling special projects as assigned by management.
• Assisting in various administrative duties.

Benefits

• Competitive salary & commission structure to elevate your earning potential.
• Comprehensive benefits package that includes the following (based on eligibility and requirements):
• Employee Stock Ownership Program,
• Retirement Savings Plan,
• Medical, Dental, & Vision programs,
• Health Savings Accounts, and
• Flexible Spending Accounts.
• Career Growth opportunities - tuition reimbursement.
• Energetic and collaborative work environment.

What This Job Offers

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