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Collateral Analyst
Synovus
Atlanta, GA, United States
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Job Description
Job Summary:
Provides monitoring and operational support to the Asset Based Lending group related to collateral and credit analysis and documentation. Provides customer service at the highest levels to both internal and external customers, which will include performing research with an emphasis on reconciling account/customer issues and detecting fraud. Ensures all transactions and processes are in compliance with regulatory requirements and the bank's policies and procedures.
Job Duties and Responsibilities:
• Serves as the first point of contact for issues related to the commercial customer's asset based line of credit.
• Monitors loans by obtaining accounts receivable, accounts payable, and inventory valuations. Uses these reports to reconcile total receivables and total ineligible receivables on at least a monthly basis. May perform month over month analysis for the purpose of determining if receivables have been fraudulently inflated.
• Reconciles loan and deposit accounts frequently and accurately.
• Responsible for the monitoring various reports for multiple customers including, but not limited to, borrowing base certificates, month end recapitulations and dilution activity
• Promptly and accurately processes advances requests and payments on large commercial lines of credit.
• Analyzes sales, credit memo, and collection activity for unusual transactions or behavior.
• May be responsible for the verification process which includes preparing audit letters and/or conducting invoice tests in an effort to detect and prevent fraud.
• Collects and applies various fees on a regular basis.
• May coordinate the preparation of loan documentation via setup worksheets; reviews loan documentation to make sure it agrees with setup worksheets and then submits forms for uploading for new and renewing loans.
• May orient, train, assign and review results of lower level team members.
• Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
• Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an Equal Opportunity Employer supporting diversity in the workplace.