Credit/Collateral Analyst
SPECTRUM Commercial Services Company - Bloomington, MN

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SPECTRUM Commercial Services Company is seeking a Credit/Collateral Analyst for our Asset Based Lending division. SPECTRUM offers asset based lending and accounts receivable factoring to financially challenged businesses nationwide through referral sources such as banks, business brokers, consultants, CPAs and attorneys.

DUTIES:

  • Process and monitor clients’ daily collateral activities
  • Post collections, lock box payment activity, and wires receipts
  • Process loan advance requests from clients
  • Troubleshoot client issues (mainly ledger reconciliations) and communicate problems to management
  • Track, monitor, and enforce reporting of clients
  • Review and reconcile clients’ weekly/monthly reports of collateral and loan activity
  • Communicate with customers/borrowers on a daily/monthly basis by phone and email
  • Assist in searching, monitoring and maintaining UCC filings and other lien searches
  • Assist in client document and certificate follow-up tracking (Tickler List management)
  • Assist in continual development of monitoring procedures, credit policies, and company operations
  • Special projects as assigned by management
  • Additional administrative tasks associated with this position (i.e. filing daily reports, credit file maintenance, etc.)

QUALIFICATIONS:

  • Two year Accounting degree or equivalent experience required
  • Strong verbal and written communication skills necessary
  • Must be a self starter, able to work independently, possess strong decision-making skills, and take ownership of various processes
  • Must be detail-oriented, organized and efficient
  • Proficiency in Microsoft Word, Excel and Outlook are required

Salary $30K – $36K depending on experience.

SPECTRUM Commercial Services Company
8011 34th Avenue South, Suite 205
Bloomington, MN 55425
www.SpectrumCommercial.com