Collateral Analyst I

Crump Life Insurance Svcs Inc; Winston-Salem (NC); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Job summary

Truist is seeking a collateral operations professional to manage onboarding, collateral analysis, and client communication for the Working Capital portfolio. You will review borrowing base collateral, prepare reports, and coordinate with multiple teams to ensure efficient closing processes for new loans and existing accounts.

The role requires an Associate degree or equivalent and experience with collateral systems; strong MS Office skills and attention to detail are essential.

Qualifications

• Associate's degree in Business, Accounting or related field or equivalent combination of education and relevant work experience.
• Able to work effectively independently as well as in a team environment.
• Excellent attention to detail.
• Proficiency with Microsoft Office Suite.

Responsibilities

• Responsible for review of client borrowing base collateral and related backup, and identifying customer balancing issues to ensure compliance and conformity within the portfolio. Includes accurately inputting into collateral tracking/management systems with a high degree of accuracy.
• Ensure proper and consistent collateral reporting is provided across assigned portfolio. Provide thoughtful analytics that factor in key collateral trends and communicate to the appropriate stakeholders.
• Onboards and provides continuous support to clients.
• Coordinate/communicate with Structuring, Asset Management and Client Experience Teams to ensure an efficient and smooth closing process for both new loans and existing portfolio accounts.
• Collaborate with clients and Account Officers to address collateral related inquiries, provide guidance on reporting procedures and ensure timely submission of required information.
• Serve as a single point of contact for Account Officers and other stakeholders for communication of operations and administrative issues.
• Prepare detailed collateral review reports, including trend analysis and insights into the borrower's financial status.
• Supports standard borrowing base setups for Working Capital portfolio.

Skills

Independent work

Teamwork

Attention to detail

MS Office

Education

Associate degree in Business/Accounting

Tools

ABLM.NET

Asset Reader

Monarch

AFS Vision

Job description

Job Description

Responsible for all aspects of operational and collateral compliance for Working Capital Operations such as onboarding of new clients, collateral analysis, and direct client contact. Analysis may include, but is not limited to, analyzing Borrowing Base Certificates (BBC) and supporting documentation, calculation of ineligibles, and analyzing client’s inventory and receivables.

Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)

Responsibilities

• Responsible for review of client borrowing base collateral and related backup, and identifying customer balancing issues to ensure compliance and conformity within the portfolio. Includes accurately inputting into collateral tracking/management systems with a high degree of accuracy.
• Ensure proper and consistent collateral reporting is provided across assigned portfolio. Provide thoughtful analytics that factor in key collateral trends and communicate to the appropriate stakeholders.
• Onboards and provides continuous support to clients.
• Coordinate/communicate with Structuring, Asset Management and Client Experience Teams to ensure an efficient and smooth closing process for both new loans and existing portfolio accounts.
• Collaborate with clients and Account Officers to address collateral related inquiries, provide guidance on reporting procedures and ensure timely submission of required information.
• Serve as a single point of contact for Account Officers and other stakeholders for communication of operations and administrative issues.
• Prepare detailed collateral review reports, including trend analysis and insights into the borrower's financial status.
• Supports standard borrowing base setups for Working Capital portfolio.

Required Qualifications

• Associate's degree in Business, Accounting or related field or equivalent combination of education and relevant work experience.
• Able to work effectively independently as well as in a team environment.
• Excellent attention to detail.
• Proficiency with Microsoft Office Suite.

Preferred Qualifications

• Preferred 2+ years of experience in asset based lending or related field.
• Experience with ABLM.NET (Stucky), Asset Reader, Monarch and AFS Vision preferred.
• Knowledge of asset-based lending, ABL, products.

Benefits

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.

• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law.

Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work

About Truist

Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities.

Learn more about Truist on truist.com.