Credit/Collateral Compliance Analyst

Posting Date:  08/05/2022
Location:  San Jose, CA
Department:  Credit Administration

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Primary Responsibilities:

Submit daily overdraft reports to credit administration and prepare ELC OD approval request. Process daily loan advance/payment requests in accordance with internal credit policies. This includes cross-checking requests against available funds, covenant and reporting exceptions, risk grades and lending limits/authorization. Log daily incoming formula based packages, review and analyze collateral reports, calculate ineligible collateral, provide borrowing base figures for loan advances and distribute borrowing base information to lending staff. Report to credit administration of over-advance positions and noncompliance status. Establish formula based files for all new credits and update existing files accordingly when renewed and/or modified in accordance with established department procedures. Ensure borrowing limitations and borrowing base exceptions are properly updated in the collateral system of record. Update LSS with maximum credit status on a portfolio of formula based credits. Freeze/un-freeze fund availability due to noncompliance.

Review daily new/renewed/modified credit authorization for covenants and reporting requirements. Communicate with lending staff to clarify and/or 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 manager with the development and streamlining of covenant exception reporting and collateral controls. Perform other department operation tasks including ordering supplies, ad-hoc projects, validation of documents and information in the core system and Ncino. Maintain current with the Bank’s training and adherence to baking laws and regulations. Maintain current with the various software packages used in collateral monitoring and exception tracking. Become proficient with the bank’s core system and complete necessary training as upgrades and/or new systems become available. Assist with special projects as assigned by Manager. Other duties may be assigned.

Compliance Responsibilities:

Responsible for ensuring compliance with all aspects of job related laws and regulations. Responsible for keeping compliance knowledge current by attending compliance related training seminars and/or staff meetings (or reviewing minutes when not in attendance for actual meetings) and by reading pertinent compliance related materials. Job related laws and regulations include, but are not limited to, the following: Truth in Lending (regulation Z); Equal Credit Opportunity (Regulation B); Fair Housing Act; Fair Credit Reporting Act; Fair Debt Collection Practices Act; Credit Practices Rules (Regulation AA); Community Reinvestment Act; Bank Bribery Act; Emergency Preparedness; and Financial Privacy Laws.

This position requirement the employee to expand existing commercial and real estate loan documentation knowledge. Responsible for attending Banker’s Compliance Seminars and independently studying Banker’s Compliance Lending Manuals available in the Bank.

Summary:

This position is responsible for bank-wide collateral monitoring functions and maintenance of the Bank’s covenant and financial reporting process. She/He will spread, track, maintain, calculate, analyze and report on the status of borrowing base positions and covenant compliance. This position also supports credit administration with loan advances and payment functions, daily OD reporting, due diligence report ordering and other general operation responsibilities/projects. Experience working with formula base credits and AssetReader is highly desirable. Direct work experience creating tracking, updating and reporting covenant and financial report items in Ncino is a plus. The qualified applicant should be computer literate with competency in all MS Office applications, have excellent verbal and written communication skills, ability to meet deadlines and be well organized, strong customer service skills and ability to learn new system quickly, demonstrate ability to independently analyze and problem solve, be detailed and multi-task oriented. This job requires the ability to work as a team player in a support role.

Benefits include competitive salary, bonus plan, medical, dental, group life & long term care insurance, vision care reimbursement, 401(k), and tuition reimbursement program, and a health club allowance.

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