Sr. ABL Collateral Analyst – Jericho, NY

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• Lead the review and analysis of loan collateral, including borrowing base certificates, A/R aging’s, inventory reports, and appraisals.
• Processes advance requests, validates there is sufficient availability, and obtains all required advance approvals.
• Reviews and monitors collateral performance trends and effectively communicates analysis to colleagues and clients.
• Evaluate the value of assets and determine their loan eligibility with a high degree of accuracy.
• Monitor collateral to ensure that it remains in compliance with loan conditions and proactively identify potential issues.
• Verifies 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.
• Completes and reviews collateral analysis, identifies all issues and determines 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.
• Review invoices and credit memos and may perform verifications on those accounts.
• Ensures compliance with all credit policies and maintains accuracy in operational procedures.
• Seeks to proactively understand the client to spot early warning signs of increased risk.
• Stay up to date on industry and regulatory developments and trends related to asset-based lending and implement best practices within the organization.

• Proficient in MS Excel and other Microsoft Office applications.
• Analyze, interpret, and apply financial analysis, financial modeling, and statistics.
• 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 with experience leading complex evaluations.
• Experience with collateral field examinations.
• Experience using an ABL software system, preferable ABLSoft. Strong understanding of lending regulations and standards.
• Working knowledge of bank regulations and commercial or consumer lending businesses (preferred). Detail oriented and organized.
• 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.

• Bachelor’s Degree in Business Administration, Economics, Finance, Accounting, or a related field.
• Five years of experience in Asset Based Lending or related field.

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