Asset Based Lending Loan Analyst

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following, however other duties may be assigned based on business need:
Develop expertise through comprehensive training in the Banks collateral monitoring system (ABLSoft), including reviewing loan advance requests and changes to borrowing base collateral components and availability.
Execute daily loan processing activities within ABLSoft, including recording and processing loan advances, payments, payoffs, new loan set-ups, participation settlements, and borrower system onboarding. Interface effectively with the core banking system (Fiserv DNA) and partner closely with internal teams including Loan Servicing, Wire Services, Loan Administration, Accounting, Relationship Managers, and Portfolio Managers. Responsible for daily reconciliations between DNA and ABLSoft, and monitoring automated sweeps from respective borrowers to the loan system timely and collateral reductions. Prepare and maintain the Daily Activity Report (DAR) and execute end-of-day reconciliation procedures to ensure accuracy of loan balances and availability across all systems including ABLSoft, DAR, and DNA. Conduct daily, weekly, and monthly collateral analysis of accounts receivable aging, inventory, equipment, and other collateral assets pledged on Borrowing Base Certificates. Serve as the primary reviewer of all Borrowing Base Certificates, ensuring accurate and timely posting of collateral data (inventory, accounts receivable, etc.) into the ABLSoft system. Calculate and apply accounts receivable and inventory ineligibles, analyze variances, and reconcile borrower-prepared BBCs to ABLSoft results. Compare ABLSoft results to borrowers BBC and make revisions after necessary review and approval and informing Borrower(s) in a clear, professional manner. Responsible for set up and/or modifying all ABL commercial loans on ABLSoft and Daily Actvity Report. This entails ability to read and interpret loan agreements or modifications and to establish payment schedules and data on loan systems to ensure accurate reflection of loan arrangements with customers. This includes understanding structuring, amortization, interest-only periods, and holdbacks. Train new borrowers on effective use of ABLSoft in correlation with the ABL Credit Facility, such as funding requests and obtaining reports. Proactively communicate with borrowers to ensure timely receipt of all required information and documents related to borrowing base and collateral reporting, including AR/AP Agings, Inventory Reports, and other related collateral documents as required. Responsible for servicing borrower requests and monitoring daily aspects of the borrowers conduct and reporting changes in the borrowers personnel, reporting or behavior. This includes communicating with clients to follow-up on business performance or reporting discrepancies. Assist with month-end fees & interest reconciliation and notification procedures.
Maintain files of ABL department, which may include uploading ABL client related documents to the banks document retention system as required. Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position. Regular attendance is essential to this position. Perform additional duties as required.

EDUCATION and/or EXPERIENCE: Bachelors degree from an accredited four-year college or university required; preference for Accounting or Finance major.
1-2 years experience in a commercial financial services firm/ banking organization with emphasis on analysis and borrower servicing; or equivalent combination of education and experience.
Formal credit training is a plus but not required.
Working knowledge of wire transfer processes and applicable regulatory requirements, including BSA, AML, and OFAC.

Salary Range: $65,000 - $95,000

No unsolicited resumes accepted from agencies.