Collateral Analyst
About The Position
The Collateral Analyst performs a wide range of duties related to reviewing collateral and supporting the process before and after a loan is funded. Work includes UCC filings, amendments and terminations, flood searches, and collateral assignments of life insurance policies. The role is responsible and accountable for risk through open communication, raising concerns, following bank policies and procedures, acting in the best interests of customers and colleagues, and supporting a positive customer experience within the Bank’s risk appetite. The analyst ensures loans are properly collateralized according to the credit team’s structure and manages processes intended to achieve complete collateral accuracy. The role also monitors filings and lien positions, handles collateral documentation and searches, manages service levels for collateral decisions and condition clearing, and works with closing, operations, product, and engineering partners.
Requirements
- High degree of attention to detail.
- Demonstrated leadership skills.
- Proven computer skills.
- Demonstrated organizational skills.
- Demonstrated teamwork and customer service skills.
Responsibilities
- Ensure all loans are properly collateralized in accordance with the collateral structure outlined by the credit team.
- Create and execute processes to drive 100% collateral accuracy and ensure funded loans have perfected collateral.
- Pull and interpret Lexis Nexis results on individuals and business entities.
- Run lien and title searches to identify existing liens and potential cross-collateralization.
- Determine flood zones for commercial real estate property.
- File various types of UCC liens using LienSolutions.
- Assign UCC-1 lien filings to the proper bank partner after funding.
- Monitor filings for the existing portfolio to ensure lien positions are not compromised.
- Execute collateral assignments of life insurance policies in a timely fashion.
- Draft subordination agreements from templates.
- Develop communication and trust with closing officers and operations specialists.
- Collaborate with product and engineering teams to build collateral management functionality into loan origination software.
- Manage expected service levels related to collateral decisions and condition clearing.
- Follow bank policies and procedures, openly exchange ideas and opinions, and elevate concerns.
Benefits
- Comprehensive benefits designed to support employees’ and families’ physical, financial, emotional, and social well-being.
- Eligible to participate in an incentive compensation plan, with payments based on company, line-of-business, and/or individual performance.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
