Credit Compliance Collateral Analyst
Posting Date: 09/16/2024
Location: San Jose (on-site only)
Requisition #: HBC 24-66
Department: Credit Admin
Job Summary:
This position monitors collateral for ABL, formula-based credit facilities, and the maintenance of the Bank’s covenant and financial reporting. Responsibilities include tracking, calculating, analyzing, and reporting on borrowing base positions and covenant compliance. Additionally, the position also aids credit administration with loan advances, payments functions, daily Overdraft (OD) reporting, due diligence reports, and other operational tasks.
Pay range: Base Compensation is dependent upon role, experience, and skill set: Min- $21.81 /hr Max- $36.36 /hr
Primary Responsibilities:
- Submit daily overdraft reports to credit administration and prepare requests for OD approval.
- Process daily loan advances or payments following internal credit policies.
- This includes verifying requests against available funds, covenant and reporting exceptions, risk grades, and lending limits or authorizations.
- Process daily loan advance/payment requests in accordance with internal credit policies.
- Log daily incoming formula-based/ABL packages, review and analyze collateral reports, calculate ineligible collateral, determine borrowing base figures for loan advances, and share borrowing base information with the lending staff.
- Report over-advance positions and noncompliance status to credit administration.
- Establish files for all new formula-based credits and update existing ones when they are renewed or modified according to department procedures.
- Ensure borrowing base exceptions, covenants, and collateral information are accurately updated in the collateral system of record.
- Perform callback functions on all assigned credits and keep collateral records up to date.
- Recognize problems autonomously, evaluate possible resolutions, and implement effective strategies.
- Update the note department on maximum credit status and freeze or unfreeze fund availability due to noncompliance.
- Review daily new, renewed, or modified credit authorizations for covenants and reporting requirements.
- Communicate with lending staff to clarify and resolve discrepancies.
- Communicate credit exception issues effectively with lending staff and credit administration, including following up on the collection of missing or past due financial statements and/or borrowing base reports.
- Assist the manager with collateral controls, 3rd party credit reports, debtor concentration, and covenant exception reporting.
- Perform other departmental tasks, including ordering supplies, handling ad-hoc projects, validating documents, and uploading files into the system of record.
- Stay current with the Bank’s training and adherence to banking laws and regulations.
- Maintain up-to-date knowledge of various software packages used in collateral monitoring and exception tracking. Become proficient with the different credit and collateral applications or systems and complete necessary training as upgrades or new systems become available.
- Assist with special projects as assigned by the Manager.
Qualifications:
- Bachelor’s degree (B.S. or B.A.) in accounting or finance and/or one to two years related experience and/or training; or equivalent combination of education and experience.
- Experience working with formula base/ABL credits and AssetReader is highly desirable.
- Direct work experience creating tracking, updating and reporting covenant and financial report items in Ncino is a plus.
- Knowledgeable in Microsoft Word, Excel, and database software
- Effective communication skills in presenting information in one-on-one and small group situations
- Displays a client-driven attitude with the ability to engage clients, build personal connections, and exhibit professionalism
- Proven time management and problem-solving skills with the ability to organize, prioritize, and handle multiple tasks and make necessary decisions within a fast-paced environment
- Demonstrates initiative and the ability to work in an autonomous manner
- Capable of effectively collaborating with others in a supportive capacity.
Compliance Responsibilities:
The employee is responsible for ensuring compliance with all aspects of job related laws and regulations and must maintain current compliance knowledge by attending compliance related training seminars and staff meetings and by reading pertinent compliance related materials.
Job related laws and regulations include, but are not limited to the following: Bank Secrecy Act (BSA); Office of Foreign Asset Control (OFAC); Vendor Management; Information and Data Security; and SEC regulations related to corporate governance and disclosure.
Heritage Bank of Commerce is an Equal Opportunity Employer committed to diversity and inclusion. We do not discriminate on the basis of race, color, ethnicity, religion, sex, sexual orientation, gender identity, national origin, marital status, genetic information, disability, Veteran status, or any other characteristic protected by Federal, state or local laws.
