ABL Collateral Analyst

Valley National Bank; New York (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

Valley National Bank in New York seeks an experienced professional to lead collateral analysis and monitoring for asset-based lending. You will review borrowing bases, appraisals, and cash receipts, and communicate findings to portfolio managers and clients.

You will validate asset values, ensure compliance with loan conditions, and produce detailed reports for senior management. This role requires strong analytical skills and attention to regulatory guidelines.

Responsibilities

• 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.

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.