Senior Collateral Analyst

Cathay Bank•Los Angeles, CA

About The Position

The Senior Collateral Analyst is responsible for the analysis and validity of Collateral assigned to Cathay Bank. He/she may monitor complex and high-risk Borrowers through analysis of Client reporting with a special emphasis on deteriorating trends. He/she may review the Loan Documents and prepare the Monthly Status Report.

Requirements

College graduate with a degree in accounting or finance preferred.
Minimum five years of borrowing base driven, asset-based lending operations experience.
Proficient with Microsoft Office products
Monarch Data Mining Software
good interpersonal and communication skills
ability to coach and mentor junior staff
strong time management and organizational skills
ability to analyze data with attention to detail and accuracy

Nice To Haves

Experience as a field examiner or credit analyst
supervisory experience is a plus

Responsibilities

Responsible for processing, monitoring and examining client collateral information on asset based loans. Includes all stages from the receipt and verification of sales journals, collateral reports and agings, to resolution of customer problems and questions.
Depending on expertise, additional responsibilities may include: posting and reconciling sales, verifying collateral balances, and accounts receivable adjustments; reconciling cash reported to cash received; investigating and resolving customer inquiries; reviewing accounts receivable aging information and collateral trending.
May assist with training new customers on reporting procedures.
Identify unusual trends or practices and discuss/document with Borrower.
Verify questionable assignments through telephone or in writing, prior to advancing on assignment.
Inform Loan Portfolio Officers of open issues prior to Advance.
Work closely with Loan Portfolio Officers and Assistant Manager to analyze complex information and resolve reporting issues.
Analyze Borrower’s inventory assignments to identify ineligibles, note trends in inventory mix and inventory concentrations, as required by Loan Portfolio Officers.
Discuss any unusual trends with Borrower and report findings to Loan Portfolio Officers.
Provide back up, during absences, to the Collateral Analysts.
Follow existing controls in place to meet or exceed internal audit standards.
May review or spot check other junior level Collateral Analysts’ work to ensure accuracy.
Other duties may include loan documents review, Database preparation, and the Monthly Status Report preparation.