Collateral Analyst

Responsibilities

• Performs post-closing review of loan documentation for discrepancies and deficiencies.
• This review includes but is not limited to execution of promissory notes, security agreements, and deeds of trust; collateral descriptions; lien positioning; county or state lien filings; titling requirements; flood requirements; inspections; compliance documentation; appraisals and appraisal reviews.
• Maintains and updates the Bank’s collateral tracking system to include accurate, complete, and current postings of all collateral and loan information for assigned accounts.
• Identifies and creates exception tracking items in collateral tracking system for collateral reporting deficiencies and discrepancies.
• Reviews organizational and entity documentation on loan borrowers and guarantors and creates exception tracking items in collateral tracking system.
• This review includes but is not limited to Articles of Incorporation, Certificates of Formation, Partnership Agreements, Borrowing Resolutions, Loan Agreements, and Guaranty Agreements.
• Affords assistance to lending staff with exception questions and resolves outstanding exception items.
• Creates and maintains UCC lien filings on loan collateral with the Secretary of State or through CT Lien Solutions.
• Reviews lien search reports performed on loan collateral.
• Reviews and maintains current status of Certificates of Good Standing on corporate loan borrowers.
• Assists with special projects as needed by management.
• Ongoing training with current staff.

Requirements

• High School diploma, general education degree (GED), or equivalent required.
• Bachelor’s degree in Business or related field preferred.
• 1 to 3 years office, clerical, and/or customer service experience required, preferably in a financial institution with a demonstrated understanding of bank practices/regulations.

Qualifications

• Excellent verbal, written and interpersonal communication skills.
• Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems.
• Excellent analytical, time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
• Must be self-motivated with strong attention to detail and high level of accountability.

Benefits

• 11 Paid Holidays
• 15+ days of PTO
• 401k Matching
• Health Benefits