Sr. ABL Collateral Analyst

Valley Bank•Chicago, IL

About The Position

The Sr. ABL Collateral Analyst manages collateral monitoring for complex asset-based lending (ABL) accounts with limited management guidance. The role leads onboarding for new ABL accounts, including account setup in ABLSoft and client training on the system, advance requests, and collateral reporting. It reviews and analyzes loan collateral, validates borrowing base availability and borrower-reported collateral, evaluates asset eligibility, and processes advances in accordance with required approvals. The analyst works with borrowers and portfolio managers to resolve collateral and reporting issues, monitors loan balances and cash collections, and identifies risk indicators. The role prepares collateral reports and presents findings to senior management and stakeholders, recommends changes to ineligibles and reserves, reviews month-end processes, and helps improve ABLSoft through enhancement recommendations and user acceptance testing. It also mentors and trains newer analysts and performs other duties as assigned by the supervisor.

Requirements

High school diploma or GED equivalent.
At least 10 years of experience in asset-based lending or a related field.
Proficiency in MS Excel and other Microsoft Office applications.
Ability to analyze, interpret, and apply financial analysis, financial modeling, and statistics, with experience leading complex evaluations.
Proven experience conducting due diligence on loan collateral and ensuring it meets company and industry standards.
Strong written and verbal communication skills, including the ability to present findings to senior management.
Ability to work independently and in a team environment and collaborate effectively.
Strong analytical and critical-thinking skills.
Experience with collateral field examinations and inventory appraisals.
Experience using an ABL software system; ABLSoft is preferred.
Ability to manage multiple tasks and competing deadlines in a fast-paced environment.
Ability to maintain confidentiality and uphold strong ethical standards.
Familiarity with ABL credit agreements and locating key terms such as advance rates, ineligible definitions, sub-limits, and reserve definitions.

Nice To Haves

Working knowledge of bank regulations and commercial or consumer lending businesses.
Bachelor's degree in Accounting, Business Administration, Finance, or Economics.
Experience with ABLSoft.

Responsibilities

Manage collateral monitoring requirements for complex ABL accounts with little guidance from management.
Lead onboarding for new ABL accounts, including booking accounts in ABLSoft and training clients on ABLSoft, advance requests, and collateral reporting requirements.
Lead the review and analysis of loan collateral, including borrowing base certificates, accounts receivable agings, inventory reports, and appraisals.
Process advance requests, validate sufficient availability, and obtain required approvals.
Evaluate asset values and determine loan eligibility accurately.
Verify incoming borrower cash receipts and record information in the loan monitoring system.
Communicate with borrowers and portfolio managers to resolve collateral issues and provide guidance on best practices.
Prepare detailed collateral reports, present findings to senior management and stakeholders, and process and review the month-end closing system.
Complete and review collateral analyses, identify issues, and determine appropriate actions to resolve reconciliations and other reporting matters.
Validate and reconcile borrower-reported borrowing base collateral to ensure availability is accurate and conforms to the credit agreement.
Analyze ineligibles and reserves and recommend changes based on collateral analysis.
Reconcile loan balances, advances, and cash collections daily between the bank's core loan system and ABLSoft.
Recommend ABLSoft system enhancements and conduct user acceptance testing of upgrades.
Develop an understanding of clients to identify early warning signs of increased risk.
Mentor and train new hires and junior Collateral Analysts.
Perform other duties as deemed necessary by the supervisor.