Commercial Collateral Analyst I
Job Location:
Cincinnati, OH - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
We do the right things right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!
If you are interested and qualified for this role we invite you to apply.
Essential Functions/Responsibilities
Perform collateral valuation and borrowing base analysis
- Analyze collateral securing commercial and Business Capital loans including accounts receivable inventory machinery and equipment real estate and other business assets. Review collateral values to ensure borrowers are not over-advanced relative to eligible collateral and approved advance rates.
Review reconcile and interpret borrower reporting
- Review borrowing base certificates and supporting documentation including accounts receivable aging reports inventory reports reconciliations and other required financial reporting. Identify ineligible collateral concentrations trends changes in collateral quality and reporting inconsistencies. Interpret findings and communicate concerns to the appropriate lending authority.
Monitor loan availability line holds and collateral controls
- Apply borrowing base calculations and advances within the asset-based lending system. Direct appropriate modifications to line freeze or hold amounts on revolving lines of credit based on independent analysis of borrower reporting collateral values and loan documentation. Monitor and escalate over-advances collateral deficiencies or other material concerns.
Coordinate with internal partners clients and third-party vendors
- Work directly with Relationship Managers Credit Officers clients and the Line of Business Leaders to obtain required daily weekly or monthly reporting and resolve missing incomplete or unbalanced documentation. Independently coordinate third-party field exams including vendor engagement scope timeline and fee coordination.
Administer and monitor loan documentation and reporting requirements
- Enter and maintain customer reporting requirements in the asset-based lending loan/collateral system. Prepare BBC Templates and CMG collateral Review spreadsheets for new and existing customers.
Manage exceptions maturities delinquencies and portfolio maintenance
- Monitor and assist with exception management maturing loan reports delinquency management and updates to loan portfolio information. Clear Structured Capital and Corporate Banking financial BBC reporting items in applicable systems and help ensure loan files and collateral records remain accurate and current.
Maintain accuracy compliance and process integrity
- Ensure client-submitted documentation is accurate complete and consistent with loan approvals credit policy regulatory expectations underwriting standards and loan documentation requirements. Follow established processes while identifying opportunities to improve efficiency accuracy and risk management.
Minimum Knowledge Skills and Abilities Needed to Perform Essential Functions of the Job
Associate degree required preferably in finance accounting business or a related field; equivalent work experience may be considered.
Minimum of 3 years of accounting commercial lending credit analysis loan operations asset-based lending or related financial services experience.
Experience with asset-based lending cash flow lending leveraged lending mezzanine lending or commercial loan collateral monitoring preferred.
Working knowledge of borrowing base certificates loan agreements collateral reporting accounts receivable inventory and supporting financial documentation.
Ability to analyze financial and collateral data identify trends reconcile reporting and draw sound conclusions.
Strong attention to detail and commitment to accuracy documentation quality and defined processes.
Strong verbal written listening and professional communication skills.
Ability to manage multiple priorities meet deadlines and follow up effectively with internal and external partners.
Ability to work independently with limited supervision while exercising sound judgment.
Proficiency with Microsoft Office products especially Excel and ability to learn bank-specific loan collateral and reporting systems.
Additional training as required for the role.
Preferred Knowledge and Skills
Bachelors degree in finance accounting business administration or a related field.
Prior experience in commercial credit Business Capital asset-based lending loan documentation or collateral monitoring.
Familiarity with field exams third-party collateral evaluations and vendor coordination.
Knowledge of commercial loan documentation credit policy regulatory standards and underwriting requirements.
Experience with asset-based lending systems or loan/collateral monitoring platforms.
Strong understanding of accounts receivable eligibility inventory analysis advance rates borrowing base formulas and cash collateral activity.
Ability to communicate complex analysis clearly to Relationship Managers Credit Officers senior leaders clients and vendors.
Level of Complexity and Scope
This role performs moderately complex to complex collateral analysis and loan monitoring activities for commercial and Business Capital relationships. The position requires the ability to interpret loan agreements credit approvals borrowing base requirements financial reporting collateral documentation and borrower trends. The scope includes direct interaction with internal lending partners credit teams clients legal counsel and third-party vendors. Work requires strong analytical judgment accuracy and the ability to identify and escalate collateral documentation reporting or over-advance concerns that may impact credit risk.
Degree of Independence and Decision-Making
This position works with limited supervision and requires independent analysis judgment and decision-making within established policies procedures loan approvals and documentation requirements. The Commercial Collateral Analyst is expected to identify collateral deficiencies interpret borrowing base results determine appropriate line hold or freeze recommendations and communicate required actions to internal partners. The role collaborates with Relationship Managers Credit Officers and the Director of Business Capital while also independently managing assigned monitoring documentation and reporting responsibilities. Escalates complex unusual or high-risk matters as appropriate.
Required Supervisory Responsibilities
- None
Physical Requirements
Frequently sits stands walks sees hears and speaks.
Frequently uses a computer keyboard mouse telephone and standard office equipment.
Occasionally lifts carries pushes or pulls up to 10 pounds.
Occasionally drives or travels to attend meetings training or business-related events.
Requires the ability to communicate clearly with internal partners clients and vendors.
Compliance Statement
The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act Anti-Money Laundering OFAC and Suspicious Activity reporting requirements as well as all other lending and deposit compliance requirements.
Development and Training
Complete required bank compliance credit collateral monitoring and system training.
Continue developing knowledge of commercial lending asset-based lending loan documentation collateral analysis borrowing base structures and regulatory requirements.
Participate in ongoing coaching process updates and professional development as needed to support accuracy risk management and portfolio monitoring responsibilities.
Pay Range:
$52000/year to $67000/year
Benefits
We have relevant thoughtful benefits and programs that support every aspect of our associates holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op Intern or Student positions.
It is our policy to not discriminate against any individual in violation of federal state and local laws as it relates to age race color religion national origin sex marital status pregnancy gender identity disability sexual orientation genetic information veteran/military service or any other characteristic protected by law.
We are an E-Verify Employer.
Required Experience:
IC
About Company
Discover the perks of working with a regional bank, from checking & savings accounts to mortgages & home equity loans and lines. At First Financial Bank, we're ready to help.
