Quick Summary
Key Responsibilities
: Manage the collateral monitoring
Technical Tools
Other
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.
Location & Eligibility
Where is the job
Jericho Plaza - Jericho, United States
On-site at the office
Who can apply
US
About this job
- Who can apply
- United States
- Posted
- Today
Listing Details
- First seen
- November 10, 2026
- Last seen
- November 10, 2026
Posting Health
- Days active
- 0
- Repost count
- 0
- Trust Level
- 57%
- Scored at
- November 10, 2026
Signal breakdown
freshnesssource trustcontent trustemployer trust
External application
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