Collateral Analyst I Asset Based Lending

Are you looking for a challenging role that includes the convenience of working virtually at home Then a Capital One Commercial Ops role may be the role for you! You must be within 50 miles driving distance from our Capital One hub location in Plano TX or Charlotte NC.

Capital One Commercial Core Operations (CCO) is looking for an experienced candidate to support the growing Commercial Lending Operations Shared Services Team. This position supports agent syndicated and bilateral loans within Corporate Banking so solid product knowledge is a must. The role includes analytical components related to various loan accruals manual calculations with ongoing reconciliation and remediation. Strong communication skills and product knowledge are critical to success as well as working collaboratively with stakeholders to help facilitate ongoing change management. We are looking for an Asset Based Lending Operations professional to join a team of collateral analysts supporting the day to day operations of a diverse mix of commercial lending customers and loan types. The teams core responsibility is centered around analyzing and monitoring clients collateral to ensure the validity of assigned collateral in accordance with their loan agreement. The team provides support throughout the life cycle of ABL lending including providing feedback to support credit agreement negotiations day to day collateral monitoring and ineligible calculations through to payoff validations.

Responsibilities:

Analyze and monitor clients collateral to ensure compliance with loan agreements and accurate ineligible calculations.

Prepare collateral reconciliation and balance deposit accounts on a daily basis. Work with clients and Underwriters to resolve discrepancies.

Review and analyze clients accounts receivable performance identify ineligible collateral

following prescribed guidelines and reconciling clients collateral balances.

Prepares summaries of clients accounts receivable.

Review and analyze clients inventory consignments and prepare reports on clients inventory

activity.

Review reports and documentation submitted by clients on a daily basis.

Prepare necessary documentation to process clients daily payment and advance requests.

Input data on client accounts into the banks loan accounting Advanced Commercial Banking

System (ACBS) via ECC Schedule module for tracking and trending purposes.

Leverage accounting systems to reconcile the loan balances to the collateral monitoring database and process transactions to manage dominion accounts.

Ongoing process and control review for effectiveness gaps and ongoing enhancements and

updates based on evolving business needs product offerings and industry trends.

Prepare monthly/quarterly verification letters and perform regular follow up on any exceptions or non-responses.

Collaborate with underwriters to deliver specialized support for products specifically handling

tasks like lender finance requirements and field examinations.

Work directly with customers to discuss and resolve any discrepancies in their collateral

reporting.

Ensure collateral reporting and documentation is properly stored and maintained in alignment

with document retention policies and procedures.

Other typical duties as assigned and associated with ongoing improvement and strategic goals

and initiatives.

Ability to work effectively in a work from home environment

Proactive and self-motivated approach to work willingness to take ownership of task

Assist in training incoming ABS Collateral Analyst team members

Excel expertise: Demonstrate proficiency in Microsoft Excel including the use of advanced

functions (e.g. XLOOKUP INDEX/MATCH) pivot tables and macros to analyze large datasets

and create sophisticated reports.

Experience in financial services (Field Examiner ABL Servicing Collateral Analyst

ect.)

Strong analytical and problem solving skills

Excellent written and verbal communication skills

Other duties as assigned

Work from Home Technology Requirements:

• A secure home office environment that is free from background noise and distractions

• A reliable private internet connection that is not supplied via cellular data or hotspot

  • A private network that is password protected where you have ownership or line of sight to every device on the network

  • Internet service must be provided by Cable or fiber Internet Service Provides (ISP)

  • Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions

  • ISP download speeds on VPN must be at least 5Mbps with 10 Mbps preferred

  • To validate ISP speeds from a Chrome browser go to type Speed Test and run from the Google landing page

• Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met

Capital One reserves the right to request proof of internet provider speed and service package from the associate. Requirements are subject to change as new systems and technology are delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice. Internet Service Provider specs can change by provider and location within the US. If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience.

Work from Home Living Requirements:

• Candidates must live within approximately 50 miles of one of the hub locations based in 75024 or 28203 and be comfortable coming in person whenever required with no less than 24 hours notice.

Basic Qualifications:

• High School Diploma GED or equivalent certification

• At least 1 year of experience in financial services or asset based lending

• At least 1 year of experience with Microsoft Office (Outlook Excel Word PowerPoint) or Google Suite (Sheets Slides Docs)

Preferred Qualifications:

• Bachelors Degree or Military experience

• 2 years of experience in financial services or asset based lending

• 2 years of experience with collateral monitoring software (ACBS Solifi ABLSoft)

• 2 year of experience with Microsoft Office (Outlook Excel Word PowerPoint) or Google Suite (Sheets Slides Docs)

At this time Capital One will not sponsor a new applicant for employment authorization for this position.

#CommOps

The minimum and maximum full-time annual salaries for this role are listed below by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Capital One offers a comprehensive competitive and inclusive set of health financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status exempt or non-exempt status and management level.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).