Collateral Monitoring Administrator

Tompkins Community Bank•City of Batavia, NY

26d•$80,000 - $95,000

About The Position

This position is responsible for strengthening oversight of formula-based lines of credit including monitored working capital lines, investment secured lines of credit and floor plan finance lines of credit. The Collateral Monitoring Administrator is responsible for establishing early warning signs and alarms to help with potential out of formula detection. This role will focus on validating borrowing base certificates, monitoring collateral (accounts receivable, inventory, equipment and vehicles), and ensuring availability aligns with loan agreements. In addition to monitoring, this position will provide guidance to the Market teams on structuring formula-based facilities with sound risk management. This position also assists with other Enterprise Credit Administration tasks and projects as required.

Requirements

Bachelor’s degree and a minimum of seven (7) years’ experience in related collateral monitoring/asset-based lending positions
Three years’ Commercial Credit experience
Familiarity with Balance Sheets, Accounts Receivable/Payable schedules, Inventory and Equipment schedules.
Proficient interpersonal relations, strong communication skills and ability to adapt and operate in fast-paced environment with nominal supervision.
Ability to travel throughout the Bank’s footprint; occasional overnight travel may be required.
Ability to obtain and maintain working knowledge of operating policies and procedures which impact clients.
Proven ability to read, interpret and uphold company policies and procedures accurately.

Responsibilities

Manage and support the formula-based lines process including:
Review borrowing base certificates, brokerage statements and other forms of collateral reporting documentation from the Borrower for accuracy and completeness
Review and analyze recent and historical borrowing trends for inconsistencies and signs of financial deterioration
Review and analyze recent and historical collateral levels for inconsistencies and signs of financial deterioration
Verify all financial information and reports are submitted by borrowers on time in accordance with terms of loan agreements
Suggest modifications and updates to loan structure and underlying loan agreements that evolve with borrower’s needs and risk profile
Identify and follow up with Commercial Relationship Managers for borrowers that fail to submit required documentation in a timely manner, escalating to Commercial Lending Division Manager and Credit Administration Division Manager as appropriate
Create and distribute reports on compliance and non-compliance issues and usage and availability trends for management
Provide updates to Loan Operations to update line availability on the bank core system
Perform on-site collateral inspections on floor plan lines of credit in accordance with terms of loan agreements
Prepare reports detailing results of on-site collateral inspections and distribute to Commercial Relationship Managers; escalating any issues to management
Support the development of Commercial Team members through highlighting the risks inherent in formula-based lending.
Perform special projects and prepare/maintain reports as required
Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Company’s compliance with all regulatory requirements
Additional Enterprise Credit Administration responsibilities assigned as needed