Sr. ABL Collateral Analyst

Responsibilities include but are not limited to::

• Manage the collateral monitoring requirements of more difficult and complex ABL accounts with little guidance from management.
• Lead the onboarding process of new ABL accounts including booking in ABLSoft and training clients on ABLSoft, the advance request process, and collateral reporting requirements.
• Lead the review and analysis of loan collateral, including borrowing base certificates, A/R aging's, inventory reports, and appraisals.
• Process advance requests, validate there is sufficient availability, and obtain all required advance approvals.
• Evaluate the value of assets and determine their loan eligibility with a high degree of accuracy.
• Verify borrowers' incoming cash receipts and records information into loan monitoring system.
• Communicate with borrowers and portfolio managers to resolve any collateral issues and provide guidance on best practices.
• Prepare detailed reports on loan collateral and present findings to senior management and stakeholders and processes and reviews month-end closing system.
• Complete and review collateral analysis, identify all issues and determine appropriate course of action to address and resolve reconciliation matters and other reporting issues.
• Performs full validation and reconciliation of borrower-reported borrowing base collateral to ensure that the borrowing base availability is accurate and in conformance with the credit agreement.
• Analyzes ineligibles and reserves as well as makes recommendations for changes based on thorough collateral analysis.
• Conducts daily reconciliations of loan balances, advances, and cash collections between the bank's core loan system and ABLSoft.
• Recommends system enhancements to ABLSoft and conducts user acceptance testing of system upgrades.
• Seeks to proactively understand the client to spot early warning signs of increased risk.
• Provides mentoring and training to new hires and more junior Collateral Analysts, sharing knowledge and experience.
• Perform all other job duties as deemed necessary by supervisor.

Required Skills:

• Proficient in MS Excel and other Microsoft Office applications
• Analyze, interpret, and apply financial analysis, financial modeling, and statistics with experience leading complex evaluations.
• Proven track record of performing due diligence on loan collateral and ensuring that it meets company and industry standards.
• Strong written and verbal communication skills with 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.
• Strong understanding of lending regulations and standards. Working knowledge of bank regulations and commercial or consumer lending businesses (preferred).
• Experience using an ABL software system, preferably ABLSoft.
• Ability to manage multiple tasks with competing deadlines in a fast-paced environment.
• Must be able to maintain a high level of confidentiality and uphold strong ethical standards.
• Familiarity with ABL Credit Agreements and where to locate key terms such as advance rates, ineligible definitions, sub-limits, and reserve definitions.

Required Experience:

• High School Diploma or GED equivalent and a minimum of 10 years of experience in Asset Based Lending or related field.

Preferred Experience:

• Bachelor's Degree in Accounting, Business Administration, Finance, Economics.