Monitoring Manager, Asset-Based Lending

OneSearch Group; Miami (FL); On-site; USD 110,000 - 140,000; Full time

Job summary

OneSearch Group is seeking an ABL Monitoring Manager for a well-established commercial bank’s Asset-Based Lending platform in Florida. You will lead collateral monitoring, approve funding requests, and ensure compliance with loan agreements.

This high-visibility role reports to the Credit Department, oversees a team of monitoring specialists, coordinates field exams, and delivers monthly high-risk portfolio reports for senior leadership.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or related field (strong accounting background strongly preferred).
• 5–7+ years of experience in asset-based lending operations, collateral monitoring, field exams, or loan administration.
• 2+ years of supervisory or team lead experience.
• Deep understanding of ABL mechanics, borrowing base calculations, and collateral eligibility criteria.
• Ability to interpret complex credit agreements and translate legal terms into daily monitoring procedures.
• Strong skills reviewing and dissecting accounts receivable and inventory agings.
• Experience with ABL monitoring software and advanced Excel (VLOOKUPs, pivot tables, complex formulas).

Responsibilities

• Oversee the receipt, review, and reconciliation of collateral data and funding requests.
• Review and approve funding requests ensuring eligibility of collateral and adherence to credit limits.
• Monitor ineligible collateral and adjust borrowing base formulas per loan agreements.
• Identify, report, and manage overadvance situations with senior staff.
• Supervise, train, and develop the ABL Monitoring Specialists team.
• Administer the bank's ABL collateral tracking system and ensure data integrity.
• Prepare monthly portfolio monitoring reports highlighting high-risk accounts.

Skills

Collateral monitoring

Credit analysis

Team leadership

Financial reporting

Communications

Education

Bachelor's degree in Accounting, Finance, Business Administration, or related field

Tools

ABL monitoring software

Excel

Job description

Our client, a well-established commercial bank with a growing Asset-Based Lending platform, is looking for an ABL Monitoring Manager to lead their collateral monitoring function. This is a newly available, high-visibility role reporting into the Credit Department, with direct exposure to senior Credit and Corporate Banking leadership.

What You'll Do

• Oversee the receipt, review, and reconciliation of Borrowing Base Certificates, accounts receivable and accounts payable agings, and inventory reports.
• Review and approve daily/weekly funding requests, ensuring advances are supported by eligible collateral and fall within approved advance rates and credit limits.
• Continuously monitor and calculate ineligible collateral (cross-aging, contra accounts, foreign receivables, obsolete inventory, etc.) per governing loan agreements.
• Identify, report, and manage overadvance situations in partnership with relationship managers and senior credit staff.

Field Exams & Appraisals

• Schedule and coordinate recurring third-party field examinations and inventory/equipment appraisals per policy frequency.
• Review field exam reports and appraisals to identify key findings, negative trends, or reporting discrepancies.
• Adjust borrowing base formulas, advance rates, and collateral reserves based on field exam findings.

Team Leadership & Operations

• Supervise, train, and develop a team of ABL Monitoring Specialists.
• Manage daily team workflow to ensure BBCs are processed and funding requests executed promptly while maintaining excellent client service.
• Serve as primary administrator for the bank's ABL collateral tracking system, ensuring data integrity and system optimization.
• Track borrower trends (dilution rates, monthly sales/collections, ineligible collateral, etc.) and elevate material changes or red flags to Credit and Corporate Banking leadership.
• Prepare monthly portfolio monitoring reports highlighting high-risk accounts for Credit and Corporate Banking management.

Cross-Functional Collaboration

• Provide historical collateral performance data and operational insights to Credit Underwriters and Portfolio Managers during renewals and loan modifications.
• Communicate directly with borrowers' accounting/finance teams to resolve reporting discrepancies, missing documentation, or BBC calculation errors.

What You Bring

• Bachelor's degree in Accounting, Finance, Business Administration, or related field (strong accounting background strongly preferred).
• 5–7+ years of experience in asset-based lending operations, collateral monitoring, field exams, or loan administration.
• 2+ years of supervisory or team lead experience.
• Deep understanding of ABL mechanics, borrowing base calculations, and collateral eligibility criteria.
• Ability to interpret complex credit agreements and translate legal terms into daily monitoring procedures.
• Strong skills reviewing and dissecting accounts receivable and inventory agings.
• Experience with ABL monitoring software and advanced Excel (VLOOKUPs, pivot tables, complex formulas).