Job Abstract

Summary: The Asset Based Loan Collateral Sr. Analyst is responsible for monitoring asset-based loan accounts utilizing daily, monthly, or quarterly Receivable, Payable and Inventory (if pertinent) aging reports as well as credit and financial information. The role will also create and maintain statistical and narrative reports on the condition of the customer and prospective customer collateral, including ongoing trend analysis reports. The portfolio of accounts covers various industries, including Healthcare, Asset Fund Managers, Asset Based Lenders, and Institutional Commodities Manager.

Salary commensurate with experience, ranging from $90,000 to $100,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants must attach a recent resume. This role is located at Dime's Headquarters in Hauppauge, Long Island.

Responsibilities:

• Maintain an assigned portfolio of client accounts including Medicare and Medicaid Receivables, inventory and accounts payable data and historical performance.
• Review/analyze Borrowing Base Certificates (BBC) and supporting documentation for calculation accuracy and completeness; update collateral-related information in core system; reconcile collateral, loans, and unapplied and in-transit cash, as well as excess availability between core system and BBC; identify and resolve outstanding items.
• Review collections received for operating and cash collection accounts, ensuring accounting of credit availability; monitor daily borrowing availability and process advance requests; ensure appropriate authorizations/approvals are obtained in accordance with Bank policies and controls.
• Analyze accounts receivable and inventory reports, on daily, weekly, and monthly basis and calculate ineligible collateral; review and incorporate relevant audit and exam findings; prepare monthly reconciliation of accounts receivable collateral from borrower accounts receivable aging reports to final BBC for month.
• Review BBC and related aging reports to ensure accuracy of calculations. Work with customer directly to resolve discrepancies.
• Assist Lenders with monitoring on-going portfolio risk exposure by providing recommendations, identifying trends, escalating suspicious/inconsistent activities, and reporting exceptions, material variances, and overdraft and over-advance issues on a daily, weekly, and/or monthly basis.
• Review Borrowing Base requirements according to Credit Approval Memo prior to closing and provide Commercial Lending Team with borrowing base customized templates for on-going monitoring and compliance. Make any applicable changes post-closing to ensure compliance.
• Maintain close communication with Underwriters, Loan Officers, and Credit Administration to ensure risk issues are known by staff. Identify and communicate deteriorating collateral situations and recommend appropriate action if necessary.
• Schedule and review field audits, both pre-loan and follow up audits, as required by loan documentation. Compare results to historical customer reporting for accuracy and/or irregularities. Discuss irregularities or concerns with appropriate persons to ensure corrective actions are taken. Prepare collateral audit review report for distribution and follow-up on issues by the lending units and/or borrower. Track and report on outstanding issues.
• Participate in Borrowing Base Review calls with Loan Officers and Field Exam Exit Interviews with customer, Relationship Manager and Field Examiner as needed.
• Accurately and timely process Client BBC. Prepare (new credit facility) or verify (existing credit facility) a borrowing base calculation. Identify short-falls and potential non-compliance issues and report to Senior Management.
• Maintain related ticklers and covenants associated with Borrowing Base portfolio in Sageworks. Ensure customers are compliant with their reporting requirements. Conduct client outreach to resolve any missing reporting requirements. Escalate past dues to Senior Management and Credit Risk Administration.
• Ensure Credit Files are kept current with latest reporting.
• Assist and facilitate Borrowing Base funding requests (Advances and Paydowns) and maintain Trend Analysis in Excel format. Ensure availability prior to processing.
• Monitor Borrowing Base Participations and Syndication loan draws and paydowns and report any discrepancies to Commercial Lending Team and Agent Bank.
• Maintain ongoing monthly summary reporting of ABL portfolio and prepare regular reporting of the book for Credit Administrations submission to Credit Risk.
• Support the development and implementation of borrowing base policies and procedures for Loan Administration to be followed by the Commercial Lending Teams.
• Other duties may be assigned.

Qualifications:

• Bachelor’s degree in Finance or equivalent, preferred.
• Excellent credit analysis and analytical skills required.
• Extensive knowledge of collateral analysis, administration, policies, and procedures required.
• Effective oral and written communication and technical writing skills a must.
• Minimum 2 years’ analyzing Healthcare receivables or equivalent.
• Strong organizational skills and attention to detail.
• Ability to prioritize and manage multiple tasks and meet time deadlines.
• Working knowledge of Sageworks a plus.
• Proficient in Microsoft Excel, including Pivot Tables and Macros.