ABL Senior Collateral Analyst

Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION: 

The Senior Collateral Analyst is responsible for ensuring the integrity of the collateral and loan information for their assigned portfolio either in a primary or backup capacity. Also works with underwriting to review documentation and reporting capabilities for new customers to ensure a smooth on-boarding process.

Responsibilities include (but are not limited to): analyzing Borrowing Base Certificates (BBC) and supporting documentation to ensure compliance with the Loan and Security Agreement; calculating ineligibles and monitoring complex and special asset loans and escalating anything out of the ordinary course of business to the appropriate people; processing of advances, collections and collateral updates; invoice review and processing; participation settlements with syndicate members; follow-up and resolution of past due interest / fees and reporting delinquencies; and daily interface with the borrower and internal operational units.

The role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Review and analyze Borrowing Base documentation for accuracy and completeness and to determine collateral availability; reconcile differences and input values into appropriate systems.
• Include analyzed accounts receivable and inventory in the Borrowing Base packages provided to Relationship Manager/Portfolio Managed for review.  Communicate any findings that are out of the ordinary course of business.
• Update appropriate systems with Borrowing Base Collateral information and BBC dates.  Process advances and payments.
• Reviews collections received in the Cash Collateral Account and ensures accurate application on the collateral monitoring system; monitors daily borrowing availability and processes advance requests of customers; ensures all appropriate authorizations / approvals are obtained in accordance with policies and controls.
• Develop and maintain a solid working relationship with customers on all questions.  Provide excellent customer service to both internal and external customers.
• Make sure P&I payments are taken timely.
• Work with Syndicated banks regarding collateral and loan processing and documentation.
• Perform collateral monitoring for the Special Assets Group and other complex loans.  Assist the Relationship Manager/Portfolio Manager:  escalate suspicious/inconsistent activities to mitigate risk.
• Backup peers while maintaining own portfolio that is up-to-date and well organized.
• Provide on-the-job training and assistance to Jr. Collateral Analysts.
• Operate within the Bank's risk appetite.  Keep the customer at the center of everything you do.
• Keeps knowledge current on operational procedures, systems and controls.
• Complies with all applicable federal and state laws and regulations.
• Other duties may be assigned.

SUPERVISORY RESPONSIBILITIES: N/A

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• 3-4 years prior collateral analysis/loan monitoring experience, ideally within ABL.
• Proficient in basic applications; Microsoft programs, as well as internal systems; Stucky, AFS, ACBS, ACE.
• Excellent attention to detail, clear and effective communication skills, organized and thorough.
• Ability to work in a face paced environment and not afraid to ask questions.
• Excellent organizational and time management skills.
• Strong oral and written communication skills.
• Ability to exercise prudent judgment to make decisions affecting both customers and the bank.

All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.

At Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits. 

Benefits:

Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families.  Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness. For additional details, please contact your recruiter.

Compensation: 

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the US. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.