Collateral Analyst I

About the role

Analyze, review, and evaluate the validity, formula valuations, credit worthiness, and collectability of accounts receivable to reduce risk of charge-offs and to correlate the findings with customer eligibility to borrow.

Responsibilities

• Analyze, review, and evaluate monthly customer accounts receivable aging to ascertain validity for a portfolio of formula-based lines of credit.
• Calculate ineligible figures utilizing aging information from customers.
• Calculate collateral availability and process line of credit requests accordingly.
• Work directly with customers to resolve discrepancies.
• Analyze and review client financial statements, reporting discrepancies.
• Collaborate with Loan Examiners and the Loan Administration Department.
• Identify suspected deficiencies in field examinations and report them to management.
• Prepare collateral and loan trend reporting.
• Report delinquent reporting exceptions.
• Understand and adhere to the company’s risk and regulatory standards, policies, and controls in accordance with the company’s Risk Appetite.
• Design, implement, maintain, and enhance internal controls to mitigate risk on an ongoing basis.
• Identify risk-related issues needing escalation to management.
• Promote an environment that supports belonging and reflects the company brand.
• Maintain internal control standards, including timely implementation of internal and external audit points and issues raised by external regulators.
• Complete other related duties as assigned.

Requirements

• Associate's degree.
• 1 year of commercial banking or related experience.
• Strong math skills.
• Proficient with Microsoft Office.

Pay

The pay range for this position is $22.61 - $37.67 hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location: Baltimore, Maryland, United States of America