Senior Collateral Analyst

About the Role

At Cathay Bank, we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and proudly foster growth and development, empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism.

Responsibilities

• Process, monitor, and examine client collateral information on asset-based loans, including all stages from receipt and verification of sales journals, collateral reports, and agings, to resolution of customer problems and questions.
• Post and reconcile sales, verify collateral balances, and make accounts receivable adjustments.
• Reconcile cash reported to cash received.
• Investigate and resolve customer inquiries.
• Review accounts receivable aging information and collateral trending.
• Assist with training new customers on reporting procedures.
• Identify unusual trends or practices and discuss/document with Borrower.
• Verify questionable assignments through telephone or in writing prior to advancing on assignment.
• Inform Loan Portfolio Officers of open issues prior to Advance.
• Work closely with Loan Portfolio Officers and Assistant Manager to analyze complex information and resolve reporting issues.
• Analyze Borrower’s inventory assignments to identify ineligibles, note trends in inventory mix, and inventory concentrations as required by Loan Portfolio Officers.
• Discuss any unusual trends with Borrower and report findings to Loan Portfolio Officers.
• Provide backup during absences to the Collateral Analysts.
• Follow existing controls to meet or exceed internal audit standards.
• Review or spot-check other junior-level Collateral Analysts’ work to ensure accuracy.
• Perform other duties such as loan documents review, database preparation, and Monthly Status Report preparation.

Requirements

• College graduate with a degree in accounting or finance preferred.
• Minimum five years of borrowing base-driven, asset-based lending operations experience.
• Experience as a field examiner or credit analyst, and supervisory experience is a plus.

Skills

• Proficient with Microsoft Office products and Monarch Data Mining Software.
• Strong interpersonal and communication skills.
• Ability to coach and mentor junior staff.
• Strong time management and organizational skills.
• Ability to analyze data with attention to detail and accuracy.

Pay

$26.44 – $34.95 per hour. Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Benefits

Cathay Bank offers its full-time employees a competitive benefits package, including:

• Medical, dental, and vision insurance.
• Life insurance and long-term disability insurance.
• Flexible Spending Accounts (FSAs) and Health Savings Account (HSA) with company contributions.
• Voluntary coverages.
• 401(k) retirement plan.