Bachelor's Degree in Business Administration, Economics, Finance, Accounting, or a related field.
Five years of experience in Asset Based Lending or a related field.
Proficient in MS Excel and other Microsoft Office applications.
Strong analytical and critical thinking skills with experience leading complex evaluations.
Experience with collateral field examinations and ABL software systems, preferably ABLSoft.
Strong written and verbal communication skills for presenting findings to senior management.
Detail-oriented with the ability to manage multiple tasks in a fast-paced environment.
Responsibilities
Lead the review and analysis of loan collateral, including borrowing base certificates and appraisals.
Process advance requests and validate sufficient availability for approvals.
Monitor collateral performance trends and communicate analysis effectively.
Evaluate asset values and determine loan eligibility accurately.
Ensure compliance with loan conditions and proactively identify potential issues.
Verify borrowers' cash receipts and record information into the loan monitoring system.
Prepare detailed reports on loan collateral for senior management and stakeholders.
Benefits
Opportunity to work in a dynamic and fast-paced environment.
Access to ongoing professional development and training.
Collaborative team culture that values input and innovation.
Exposure to senior management and strategic decision-making processes.
Full Job Description
Responsibilities include but not limited to:
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.
Required Skills:
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.
Required Experience:
Bachelor's Degree in Business Administration, Economics, Finance, Accounting, or a related field.
Five years of experience in Asset Based Lending or related field.
About USAmeriBancorp
Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets.
,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
