ABL Collateral Analyst
Square 1 Bank - Durham, NC

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Job Description:
Square 1 Bank is a full service commercial bank
dedicated exclusively to serving the financial needs of
the venture capital community and entrepreneurs in all
stages of growth and expansion. We are “entrepreneurs
serving entrepreneurs”. Square 1's expertise, focus and
strong capital base provide solid support for its
clients' needs. The bank offers tailored products and
solutions aided by the latest in technological
innovations. To serve its relationships, Square 1 has
offices coast to coast in Austin, Boston, Boulder,
Durham, McLean, New York, San Diego, Santa Monica,
Seattle, and Silicon Valley.
The Collateral Analyst will be responsible for assisting
with the management of the credit risk and loan quality
of the bank's ABL Loan Portfolio. The ABL Collateral
Analyst will assist with the collateral evaluation of
commercial loans.
ESSENTIAL JOB FUNCTIONS
  • Work directly with clients to obtain daily, weekly
and/or monthly reporting.
  • Analyze the collateral worthiness of the clients.
  • Review and verify that Daily Collateral Reports
submitted by clients reconcile to subsidiary
schedules such as sales journals, credit memo
journals; cash receipt journals, lockbox reports and
other required reporting that ties to the Daily
Collateral Report.
  • Review invoices pursuant to the specific client’s
loan requirements.
  • Daily cash posting.
  • Input daily activity into the ABL loan system and
verify that each client’s Daily Collateral Report
agrees to the balance on the ABL loan system.
  • Determine client’s availability of funds and process
loan advance as applicable.
  • Calculate client’s Ineligibles on a
daily/weekly/monthly basis as required in loan
agreement(s).
  • Will review loan documentation and credit approval
for accuracy and completeness.
  • Confirm A/R reconciliation balances to the client’s
Collateral Reports and obtain applicable internal
approvals.
  • Reconcile monthly borrowing base certificate,
accounts payable and accounts receivable.

Job Requirements:
  • B.A. or equivalent work experience.
  • 3 to 5 years experience as Asset Based Lending loan
administration work;
  • Capable of analyzing information/processes to
determine overall trends and make appropriate
conclusions.
  • Experience with Stucky (ABL Loan Software)
preferred.
  • Ability to seek and gather information from a
variety of sources.
  • Ability to pay close attention to detail.
  • Excellent Microsoft Excel skills.
  • Ability to work independently and yet collaborate in
a team environment.
  • Ability to meet deadlines and manage expectations.
  • Ability to handle multiple priorities and projects
simultaneously.
  • Effective interpersonal skills.
EOE / M / F / D / V
Req. Code : 322
Division/Department : Square 1 Bank Human Resources
% of Travel Required : None
Skills : Banking/Financial - > Administrative Support,
Venture Capital, Banking Operations

Square 1 Bank - 18 months ago - save job - block
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