Collateral Specialist

SECURITY BANK•Tulsa, OK

1d•Onsite

About The Position

The Collateral Specialist is responsible for managing the beginning to end lifecycle of loan collateral, property appraisal, and risk monitoring processes. This role ensures bank compliance with federal regulations, internal credit policies, and safety-and-sounded standards through meticulous auditing, report tracking, and cross-departmental coordination.

Requirements

High School Diploma or equivalent
Knowledge of loan and collateral documentation preferred
Bank experience preferred
Must be Bondable
Communications Proficiency. Verbal and interpersonal skills are highly important with the ability to work well and effectively with all levels of Bank personnel, including executive management.
Computer Aptitude. Proficient use of Microsoft Word & Excel and ability to learn job-related software.
Customer/Client Focus.
Stress Management/Composure.
Ability to multi-task and achieve results under high volume workloads.
Organized and Thorough. Must demonstrate a high level of attention to detail.
Time Management. Ability to work productively and independently while prioritizing assignments.
Initiative. Always seeking ways to improve and promote quality, demonstrates accuracy and thoroughness. Identifies and resolves problems and deals with a variety of situations in a timely professional manner.
Work in a Team Environment with the ability to interact well, and in a positive manner, with peers and management.
Attendance within policy guideline is essential.
Must be able to communicate with bank employees, participating banks, customers, and others. Employee must be able to express oneself and exchange accurate information in person, by phone and/or email.
Must be able to input, retrieve and assess information from computer and other office machinery.
Employee will operate a computer and other standard office communication devices and productivity machinery.

Nice To Haves

Knowledge of loan and collateral documentation
Bank experience

Responsibilities

Oversee the beginning to end lifecycle of appraisals, evaluations, and validations - including but not limited to ordering, logging, and distributing reports to key internal personnel.
Expertise in interpreting and applying federal banking regulations and internal credit policies to ensure full appraisal compliance.
Request, review, and track Borrowing Base Certificates; execute collateral confirmation via mail / verification and perform routine lockbox maintenance.
Compile, reconcile, and transmit inventory floorplan reports to third-party vendors, distributing audit results to key internal personnel.
Assist in daily audits of new loan originations to identify and log Supervisory and Policy Loan-to-Value (LTV) exceptions.
Assist in conducting annual property tax audits and verifications across the loan portfolio.
Perform annual reviews of borrower escrow accounts to ensure regulatory and adequate funding; calculate and execute necessary adjustments, coordinate updates to internal key personnel, and issue formal disclosure letters to borrowers.
Oversee the beginning to end lifecycle of Real Estate Property Inspections - ordering reports, maintaining accurate records, and routing final documents to key internal personnel.
Become knowledgeable and stay current with relevant government regulations and industry best practices.
Participate in ongoing education opportunities to maintain competencies and learn about industry trends and developments.
Follow all Bank policies and procedures.
Complete other duties and responsibilities as assigned.
Analyze financial data and support key credit operations and manage specialized tracking tasks such as Coming Due Reports.