ABL Collateral Analyst

Valley Bank; New York (NY); On-site; USD 74,000 - 126,000; Full time

Job summary

Valley Bank seeks an ABL Collateral Analyst in New York to act as the initial assessor and controller of collateral and loan activity within the ABL portfolio.

You will review borrowing base certificates, input data into the loan monitoring system, and prepare collateral verifications and reconciliations to support accurate lending decisions.

The role requires a Bachelor's degree and at least five years in Asset Based Lending, with strong Excel skills and knowledge of ABL software such as ABLSoft.

Qualifications

• Bachelor's degree in a relevant field.
• Five years of experience in Asset Based Lending or related field.
• Experience with collateral field examinations.
• Strong understanding of lending regulations and bank regulations.

Responsibilities

• Lead the review and analysis of loan collateral, including borrowing base certificates, A/R agings, inventory reports, and appraisals.
• Process advance requests, validates there is sufficient availability, and obtain approvals.
• Review collateral performance trends and communicate analysis to colleagues and clients.
• Evaluate asset values and determine loan eligibility with accuracy.
• Monitor collateral for compliance with loan conditions and identify issues.
• Verify borrowers' cash receipts and record in loan monitoring system.
• Communicate with borrowers and portfolio managers to resolve collateral issues.
• Prepare detailed reports on loan collateral and present findings to senior management.
• Complete and review collateral analysis and address reconciliation matters.
• Perform full validation and reconciliation of borrower-reported collateral to ensure accuracy.
• Analyze ineligibles and reserves and recommend changes.
• Conduct daily reconciliations of loan balances, advances, and cash collections.

Skills

MS Excel

Financial analysis

Financial modeling

Statistics

Communication

Independent work

Team collaboration

Collateral experience

ABLSoft

Education

Bachelor's degree in Business Administration

Tools

ABLSoft

Job description

The ABL Collateral Analyst is responsible for serving as the initial assessor, monitor and controller of collateral and loan activity for the ABL portfolio. The main responsibilities of the Collateral Analyst are to receive the borrowing base certificate and other collateral reports from the borrower, input the data into the loan monitoring system and assist with loan set up. They will also prepare the calculation of ineligibles, perform validation and reconciliation of the reported borrowing base collateral based on supporting documentation, review invoices and credit memos and perform verifications on those accounts where required. The successful candidate will have a proven track of performing due diligence on loan collateral and ensuring that it meets company and industry standards.

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.

Requirements

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.

Full-time/Part-time

Full-time

FLSA

Exempt

Location(s)

New York , New York , United States

Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range

Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.
The actual pay rate will depend on the person's qualifications and experience. $73,700.00 - $125,800.00 / year

Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

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Employer Privacy Policy

Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic.

If you are a person with a disability and need a reasonable accommodation to search or apply for a career opportunity, please call us at 800-652-6500, option 2, for assistance with an alternate method of access. A response to your accommodation request may take up to two business days. Other inquiries to this number will not receive a response.

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