ABL Collateral Specialist [Full-Time]

Summary: Performs collateral and financial examinations of potential and portfolio Customers including basic analytic and auditing tasks, documenting and valuating controls, and monitoring and tracking compliance. Prepares and presents typical reports by performing the following duties:

Essential Duties and Responsibilities

• Performs and documents field examination activities in accordance with professional standards and methodologies.
• Performs detail testing as defined by the field examination program to analyze and validate information.
• Executes testing and creates clear and concise documentation of testing results and exceptions.
• Understands procedures, results and business impacts and documents and expresses such understanding in both written and verbal form
• Prepares and analyzes spreads of a company’s financial statements to determine overall credit strengths and weaknesses of potential commercial credit customers. Analysis includes, but is not limited to debt-service ratio, current assets ratio, leverage ratios, cash flow analysis, fixed charge coverage and acid test ratio.
• Monitors and tracks customer’s financial and reporting covenants. Notifies management of issues and non-compliance.
• Monitors and tracks collateral and trends.
• Performs and completes a collateral analysis of all collateral assets including but not limited to accounts receivables, inventory, equipment, and real estate. Analysis should include a credit classification of the company’s customer base, a detailed credit profile of the company’s largest customers and delinquent accounts, aging analysis, delinquencies, collections and chargeoffs. Inventory analysis should include inventory in days and an examination of stale inventory, spoilage, depletion and inventory valuations. Equipment analysis should include a comparison of market value to book value and an assessment of net orderly liquidation values. Real estate collateral analysis should include examination of appraisal and address special and single purpose use facilities and alternative uses.
• Contacts the Customer or Customer’s representative to obtain additional information or explanation detail when required and while coordinating with the Commercial Banker.
• Tracks, monitors, and reviews external field examinations. Prepares written summaries of issues as necessary.
• Completes Special Projects as needed.

Travel

10% travel expected to borrower locations within the United States. Driver’s License required.

BankFinancial is an Equal Opportunity Employer (minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity)
Experience and Skills:

Education/Experience

• Bachelor's degree (B.S.) from four-year college or university, preferably in Finance or Accounting
• At least two years related audit/field examination experience.

Knowledge and Skills

• Able to perform detailed analysis and demonstrate a clear understanding of collateral and financial issues.
• Self-starter and team player
• Excellent interpersonal and organizational skills
• Good oral and written communication skills
• Strong time management skills
• High attention to detail

Licenses/Certificates/Registration

None Required - CPA preferred

Computer Skills

Must be proficient in Microsoft Word, Microsoft Excel, Outlook, financial statement software, spreadsheets, Internet software, and database software.
From: BankFinancial