Responsible to manage the overall monitoring and servicing, as well as collateral monitoring, of complex or special significance asset based loans in accordance with Asset Based Lending policies and guidelines. Manages collateral risk management support to lending units including prospect pre-screening, visits, loan structuring, documentation, pre-funding requirements and loan workouts.
Establishes and implements scope of field examination and borrowing base certificates. May approves/disapproves BBC loan advances and paydowns. Ensures that production and quality of work performed by independent contractors is monitored and meeting service levels.
Responsible for the overall identification of loan violations and potential concerns on a regular basis and reporting on those findings. Recommends corrective action and assists in implementing plan. Responsible to hire, fire and complete performance reviews of staff.
Manages departments projects. Other duties as assigned.
Requires a Bachelors degree in finance or a related field and 8 years experience of field examiner or ABL risk management, managing a complex Asset Based Lending portfolio including loan workout experience or other directly related experience. Minimum 3 years (combined) teaching, coaching, supervising, negotiating or selling experience.
A combination of education and experience may meet requirements. Employs advanced knowledge as a specialist of Asset Based Lending collateral processes and procedures including loan workout, training and selling. Experienced in financial statement analysis.
Advanced analysis and mathematical aptitude skills. Excellent negotiation and communication skills, both verbal and written. Strong organizational, accountability and adaptability skills.
Strong customer relations, leadership and management skills. Ability to train, coach and/or manage lower level positions. Applies advanced principles, theories, and concepts.
Broad application of ABL principles, theories, concepts, and techniques. Strong working knowledge of Word, Excel, and other ABL software applications.