Firstrust Bank · 15 hours ago
Collateral Analyst
Conshohocken, PA
Full-time
Hybrid
Mid Level
3+ years expFirstrust Bank is one of the region’s foremost community banking institutions, committed to fostering leadership and employee growth. The Collateral Analyst is responsible for monitoring a portfolio of clients, ensuring proper collateral management and documentation to mitigate risks and support relationship management.
BankingCommercialFinanceFinancial Services
Responsibilities
Manage a portfolio of Commercial Lending clients whose primary credit facilities are working capital revolving lines of credit and/or lease lines of credit and maintain communication between the clients, the Portfolio Managers/Credit Analysts and Relationship Managers ensuring that collateral risks are identified in order to avoid monetary losses to the Bank
Review and subsequent dissemination of reports relating to collateral statistics to the Relationship Managers, Portfolio Management and Credit Risk
Reviews and analyzes monthly collateral reporting provided by Commercial Lending clients including, but not limited to: Borrowing Base Certificates, Accounts Receivable and Payable Aging, and Inventory reports
Make determination of eligibility of collateral and resulting availability and process advance requests under the clients’ Asset Based Line of Credit
Monitor receipt of Commercial Lending clients’ collateral reporting requirements, including the receipt of information in “b” above
Review collateral pledges including titles, UCC’s, insurance and amendments in order to process advances and collateral releases
Perform other task assignments including projects assigned by the Relationship Managers, Portfolio Managers or the Director/Team Leader of Commercial Lending
Orders all necessary documents to complete processing, including credit bureau reports, insurance binders and certificates, UCC, title and property searches, commercial and residential appraisals, payoff statements, business formation documents and other information needed, as directed by the proper approval authority personnel, to advance a new loan request or existing loan renew/review
Properly document all approved loan requests and prepare advances
Responsible for post-closing lien perfection including recording real property lien instruments, UCC-1 filings and/or UCC-3 filings, vehicle title encumbrances, and brokerage account control agreements
Responsible for monitoring and updating the collateral recording information on the Miser collateral record
Responsible for monitoring and updating the collateral value on negotiable collateral/brokerage accounts including checking covenant compliance and updating system
Perform various departmental administrative tasks, such as filing and maintaining storage records
Qualification
Required
High school diploma or equivalent
3-5 years' experience and knowledge of loan processing and documentation
Intermediate skills in the Microsoft Office (Word, Excel and Outlook), Stucky and VIKAR preferred
Develop excel formulas and models
Proven ability to work in a high-pressure deadline environment
Excellent verbal, written, and interpersonal communication skills
Proven customer service and problem resolution skills
Demonstrated teamwork experience required
Preferred
Intermediate skills in the Microsoft Office (Word, Excel and Outlook), Stucky and VIKAR preferred
Benefits
Great benefits
Performance-based pay
Company
Firstrust Bank
For over 90 years, Firstrust has served the banking needs of our commercial and retail customers in the Philadelphia region.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Richard Green
CEO
Timothy Abell
CEO and President
Recent News
Business Wire
2024-02-13
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