Asset-Based Lending Loan Operations Specialist

Technology Credit Union; San Jose (CA); On-site; USD 84,000 - 115,000; Full time

Job summary

Tech CU seeks an Asset-Based Lending Operations Specialist to support ABL new business and portfolio management, coordinating collateral for daily advances and initial funding, and preparing ABL reports.

The role partners with Relationship Managers and the Portfolio Manager, requires BA/BS and 3+ years in loan processing, and offers a 40-hour week with occasional overtime and a comprehensive benefits package.

Qualifications

• 3+ years in loan processing or related lending disciplines.
• Strong analytical and problem resolution skills.
• Knowledge of loan documentation and regulatory requirements.

Responsibilities

• Assist Relationship Managers with asset-based lending documentation.
• Lead daily loan collections processing and apply to collateral base.
• Support collateral reconciliations and periodic verifications per ABL policy.
• Prepare regular ABL loan reporting for Tech CU and Tech Capital.
• Set up e-file storage and maintain required legal documentation.
• Generate due diligence reports (credit reports, UCC searches) for clients.
• Assist with collecting borrower financial and collateral information.
• Help with audit schedules and documentation.

Skills

Analytical skills

Documentation

Communication

Interpersonal skills

Regulatory awareness

MS Excel

Financial spreading tools

Education

BA/BS in business or STEM

Tools

MS Office

UCC searches

Loan documentation systems

Job description

Position Summary

The Asset-Based Lending Loan Operations Specialist will be responsible for supporting the Tech Capital Asset-Based Lending (ABL) new business and loan portfolio management. This includes coordinating required collateral support for daily advances and initial loan funding. The incumbent will also prepare ABL specific loan reports as requested. The candidate will assist the Portfolio Manager in maintaining strong documentation management and oversight of the ABL process.

Responsibilities

Essential Duties

• Assists Relationship Manager’s with execution of the Asset Based Lending documentation requirement process.
• Leads the daily processing of loan collections and applying collections to the loan collateral base.
• Assists Relationship Manager’s with debtor searches, collateral reconciliations and processes periodic verifications consistent with ABL policies and standards.
• Attends to issues within the scope of the job as they occur or as directed by the Operations Manager.
• Assists in the daily management of ABL policies and standards.
• Assists with the preparation of regular ABL loan reporting as requested by Technology Credit Union (Tech CU) and Tech Capital.
• Sets up e-file storage for ABL loans and maintains required legal documentation.
• Generates due diligence reports including credit reports, Uniform Commercial Code (UCC) searches, and other required reports on prospective clients, current clients and account debtors, as necessary.
• Assists with credit requirements, including assisting with the timely collection of clients’ financial, collateral and other Borrower level reporting.
• Assists Relationship Manager’s with periodic receipt of required reporting for insurance, UCC filings, suits, liens and judgements and other required reports.
• Assists with prospective and existing client audit schedule and associated documentation requirements.

Work Schedule

• Full-time; typically, 40 hours/week.
• 6:30am – 3:30pm, Pacific time, M-F.
• Occasional overtime, extended early morning or late evening hours, and weekends; typically with advance notice.

Workplace Essentials

• Supports Tech CU’s Mission and Vision and consistently demonstrates Tech CU’s Values (Accelerate, Collaborate, Innovate, & Cultivate).
• Meets with manager on a regular basis to discuss goal alignment, performance metrics, and development plans.
• Complies with Tech CU policies and procedures.
• Upholds employee Code of Conduct and Business Ethics and ensures confidentiality of the workplace.
• Complies with requirements imposed by federal, state and local regulatory agencies.
• Adheres to internal control and security measures designed to ensure regulatory compliance and mitigate losses and errors.

Qualifications

Education: BA/BS degree in a business or STEM discipline, or equivalent work experience.

Experience: 3+ years’ experience in related disciplines, including loan processing and documentation.

Knowledge/Skills/Abilities:

• Strong analytical and problem resolution skills.
• Solid understanding of loan documentation and operational needs.
• Strong organization, verbal and written communication skills.
• Awareness of loan processing rules, regulations, policies and procedures.
• Effective interpersonal skills.
• Ability to navigate multiple software applications; MS suite of applications, financial spreading tools.
• Ability to participate, sustain performance, and thrive on a high-energy team.

Licensing/Certifications: None required.

Travel: May be required to travel periodically to Tech CU locations and to client business sites. May be required to periodically attend offsite training, meetings or events, typically with advance notice. Overnight travel unlikely.

Typical Working Conditions: Office environment with interaction with a variety of internal and external parties. May work remotely as determined by business need and individual performance.

Equipment Used: Routinely uses standard office equipment, including computer, phone, copier and other devices.

Physical Requirements:

• Ability to sit 85% of the day.
• Reading a computer screen and perform keyboarding tasks for up to 65% of the day.
• Frequent speaking and listening to interact with team, management, vendors and authorities in person or via phone.
• Mobility to attend meetings within office building and offsite.

EQUAL EMPLOYMENT OPPORTUNITY

Technology Credit Union is an Equal Opportunity Employer. All qualified employees and applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetic information, age, disability, veteran status or any other legally protected basis. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Pay and Benefits

• Position Grade: 105
• Salary Range: minimum-$83,500, midpoint-$99,000, maximum-$114,500
• Work Location: The salary range listed is based on working in San Jose, CA. If you work remotely, your salary will be adjusted based on your geographic location.
• Typical Starting Pay: Most new hires start between the minimum and midpoint of the range (adjusted for work location if applicable), based on experience and qualifications.
• Bonus Potential: Target 10% of base salary based on company and individual performance.

Tech CU is a pay-for-performance organization. We benchmark base pay to the 50th percentile of our market and offer incentive-based compensation tied to individual and company goals.

Tech CU offers a comprehensive benefits package, including:

• Health Coverage: Medical, dental, and vision plans
• Income Protection: Life and disability insurance
• Retirement: 401(k) plan with company match
• Paid Holidays: 12 days annually
• Paid Time Off (PTO):
• Accrues at 7.08 hours per bi-weekly paycheck (approximately 23 days per year)
• Increases with length of service
• Voluntary Time Off (VTO):
• 8 hours annually for full-time employees to support charitable organizations
• Additional Benefits:
• Flexible Spending Accounts
• Employee-paid voluntary benefits
• Leaves of absence in compliance with state and federal regulations