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MidFirst Bank · 1 day ago

Collateral Analyst - MidFirst Business Credit

Alpharetta, Georgia, United States

Full-time

Onsite

Entry, Mid Level

2+ years exp

MidFirst Bank is a financial institution seeking a Collateral Analyst to provide monitoring and operational support to the Asset Based Lending group. The role involves ensuring compliance with company policies, processing transactions, and maintaining high levels of customer service while analyzing collateral and credit-related data.

BankingVenture Capital

Responsibilities

Serve as a primary borrower contact for all matters relating to loan and banking operations in conjunction with the Portfolio Manager

Monitors loans by obtaining accounts receivable, accounts payable, and inventory valuations. Uses these reports to reconcile total receivables and total ineligible receivables on weekly or monthly basis. May perform month-over-month analysis for the purpose of determining if receivables have been fraudulently inflated

Works with Cash Administrators to reconcile loan deposit accounts frequently and accurately

Collects and applies various fees on a regular basis

Responsible for monitoring various reports for multiple customers including, but not limited to, borrowing base certificates, month-end summaries and dilution activity

Provides proactive monitoring of assigned Asset Based Lending (ABL) portfolio to ensure available collateral supports risk and loan outstandings

Promptly and accurately processes advances, requests and payments on large commercial lines of credit

Analyze sales, credit memos, and collection activity for unusual transactions or behavior

Communicates with field examiners to relay any concerns and incorporate relevant field exam findings into determining collateral eligibility

Collecting all the transaction and deposit information made through various channels (commercial remote deposit, ACH etc.) and ensuring they are complete, accurate, and balanced

Confirming and approves outgoing wire transfers and maintaining wire templates when necessary

Assists senior underwriters on an as-needed basis

Attends team portfolio meetings and addresses questions related to collateral and reporting

Reviews loan documentation to create setup worksheets, prepares loan system setup, and then submits forms for uploading for new and renewing loans

Actively participates in the onboarding of new customers

May assist Ops Manager when needed

Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion

Performs other related duties as required

Qualification

Loan account reconciliationAnalytical skillsWord processing applicationsSpreadsheet applicationsCustomer serviceEffective communicationTeam player mindset