Collateral & Exam Manager - ABL/Middle Market Lending
Ascendo Resources - new york city, NY
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Our client is Bank that is seeking a Collateral Monitoring Manager who will be responsible for monitoring and reviewing the collateral and oversight of their C&I and Asset Based Loan BookYour role:Review collateral field examinations and appraisals and provide findings to the business and credit risk,Ensure that field examinations and appraisals are commissioned by the bankField questions from and provide guidance to field examiners and appraisersOversee the schedule of recurring and surveys field examinationsOversee both the field examination and appraisal functionsMonitor and review Dashboard reportsPrepare engagement letters field examinations and review engagement letters received from third-party appraisersProactively provide recommendations with respect to borrowers' deteriorating collateral and or financial trendsUnderwrite the approval request to engage new field examiners, appraisers and other vendorsQualifications:Bachelor's degree in Finance, Accounting or related field, MBA preferred3+ years of experience in Asset Based Lending Middle Market lending and Collateral MonitoringStrong credit and financial analysis skills inclusive of knowledge of accounts receivable and inventory managementRisk management skills through all phases of the credit cycle, including loan workoutdistressed debtDemonstrated past experience in employing effective collateral monitoring skillsDetailed knowledge of financial and banking products and broad knowledge of the securities industry in general** the salary range is for a role of AVP - VP level
Created: 2024-10-08