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Collateral Analyst
MB Financial Bank
Rosemont, IL, United States
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Job Description
*RMJ
Reference: NB16581
Summary
The Collateral Analyst is responsible for ensuring the integrity of collateral and loan information for an assigned portfolio of Asset Based or Commercial Loan clients. Responsibilities include review, analysis and reconciliation of Borrowing Base Certificate (BBC) and supporting documentation; processing of advances, collection and collateral update; escalation of reporting exceptions; periodic work-up of ineligible collateral; daily interface with the borrower and internal operational units; invoice review and processing; participation settlements with syndicate members; follow-up and resolution of past due interest/fees and reporting delinquencies; and compliance with stated policies and procedures.
Essential Duties and Responsibilities
• Reviews and analyzes BBC and supporting documentation for accuracy and completeness; updates collateral information on collateral monitoring system; reconciles collateral, loan, unapplied cash and excess availability between the collateral monitoring system and BBC; identifies and resolves outstanding items.
• Reviews collection received in the Cash Collateral Account and ensures accurate application on the collateral monitoring system; monitors daily borrowing availability and processes advance requests of customers; ensures all appropriate authorizations/approvals are obtained in accordance with policies and controls.
• Analyzes accounts receivable and inventory reports of customers and calculates ineligible collateral; reviews and incorporates audit findings relevant to the assigned portfolio.
• Reviews and processes interest and fee invoice; performs settlement with syndicate members; follows-up and resolves past due interest and reporting delinquencies, if any.
• Assists R/M in monitoring on-going portfolio risk exposure by identifying and escalating suspicious/inconsistent activities, reporting exceptions, material variance, overdraft and over-advance issues.
• Serves as backup for other Collateral Analysts; maintains up-to-date and well organized documentation and files.
• Develops and maintains solid working relationship with clients and R/Ms and provides exceptional customer service; ensures operational excellence by maintaining accuracy, internal control, compliance, communication and teamwork.
• Keeps knowledge current on operational procedures, systems and controls.
• Complies with all applicable federal and state laws and regulations.
• “LIVE” the Bank’s Mission Statement and “PRACTICE” the Bank’s Corporate Strategy.
• Other duties may be assigned.
Competencies
• Knowledge in key areas of loan operations such as loan processing and documentation.
• A high level of proficiency, accuracy and performance in all tasks is required.
• Detail oriented with strong analytical and problem solving skills.
• Self-motivated team player with a high level of initiative, accountability and adaptability.
• Excellent organizational and time management skills.
• Strong oral and written communication skills.
• Ability to exercise prudent judgment to make decision affecting both customers and bank.
Education/Experience
Associate’s degree or equivalent from a two-year college or technical school; and two to three years of related experience; or equivalent combination of education and experience. Associate’s degree with emphasis in Accounting or Finance is preferred. Asset Based Lending experience is preferred.
Computer Skills
To perform this job successfully, an individual should have advanced knowledge of Word, Excel spreadsheet software, and Outlook. Experience with Stucky NT/ABL or similar collateral monitoring systems is preferred; familiarity with commercial loan and deposit systems is also preferred.
Certificates and Licenses
No certification needed.
MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.
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