Analyzes asset-based lending collateral, including borrowing bases, accounts receivable, inventory, appraisals, advances, cash receipts, and eligibility calculations. Reconciles borrower-reported collateral with loan systems, monitors compliance and performance trends, identifies risks, validates loan availability, and resolves reporting discrepancies. The role communicates findings to borrowers, portfolio managers, and senior leadership while maintaining regulatory and credit policy compliance.
Job Summary & Responsibilities
Responsibilities include but not limited to:
- Lead the review and analysis of loan collateral, including borrowing base certificates, A/R aging's, inventory reports, and appraisals.
- Processes advance requests, validates there is sufficient availability, and obtains all required advance approvals.
- Reviews and monitors collateral performance trends and effectively communicates analysis to colleagues and clients.
- Evaluate the value of assets and determine their loan eligibility with a high degree of accuracy.
- Monitor collateral to ensure that it remains in compliance with loan conditions and proactively identify potential issues.
- Verifies borrowers' incoming cash receipts and records information into loan monitoring system.
- Communicate with borrowers and portfolio managers to resolve any collateral issues and provide guidance on best practices.
- Prepare detailed reports on loan collateral and present findings to senior management and stakeholders and processes and reviews month-end closing system.
- Completes and reviews collateral analysis, identifies all issues and determines appropriate course of action to address and resolve reconciliation matters and other reporting issues.
- Performs full validation and reconciliation of borrower-reported borrowing base collateral to ensure that the borrowing base availability is accurate and in conformance with the credit agreement.
- Analyzes ineligibles and reserves as well as makes recommendations for changes based on thorough collateral analysis.
- Conducts daily reconciliations of loan balances, advances, and cash collections between the bank's core loan system and ABLSoft.
- Review invoices and credit memos and may perform verifications on those accounts.
- Ensures compliance with all credit policies and maintains accuracy in operational procedures.
- Seeks to proactively understand the client to spot early warning signs of increased risk.
- Stay up to date on industry and regulatory developments and trends related to asset-based lending and implement best practices within the organization.
Required Skills:
- Proficient in MS Excel and other Microsoft Office applications.
- Analyze, interpret, and apply financial analysis, financial modeling, and statistics.
- Strong written and verbal communication skills with the ability to present findings to senior management.
- Ability to work independently and in a team environment and collaborate effectively.
- Strong analytical and critical thinking skills with experience leading complex evaluations.
- Experience with collateral field examinations.
- Experience using an ABL software system, preferable ABLSoft. Strong understanding of lending regulations and standards.
- Working knowledge of bank regulations and commercial or consumer lending businesses (preferred). Detail oriented and organized.
- Ability to manage multiple tasks with competing deadlines in a fast-paced environment.
- Must be able to maintain a high level of confidentiality and uphold strong ethical standards.
Required Experience:
- Bachelor's Degree in Business Administration, Economics, Finance, Accounting, or a related field.
- Five years of experience in Asset Based Lending or related field.
Valley Bank Elmwood Park, Illinois, USA Office
Elmwood Park, United States
Similar Jobs
Automotive • Big Data • Information Technology • Robotics • Software • Transportation • Manufacturing
Design and implement AI agents, plugins, automations, and enterprise integrations for HR Technology platforms. Lead requirements gathering, technical analysis, solution design, testing, documentation, deployment, security, and data integrity efforts across HR, IT, and business stakeholders. Integrate platforms including ServiceNow, Workday, and other enterprise applications while supporting the HR automation and AI roadmap.
Top Skills:
APIsAutomation AnywhereAWSAzureConcurGCPKnimeServicenowServicenow RpaUipathWorkdayWorkday Hcm
Automotive • Big Data • Information Technology • Robotics • Software • Transportation • Manufacturing
Manages and grows a portfolio of government accounts across the North Central region. Develops sales strategies, builds agency relationships, influences procurement specifications, manages pipelines and forecasts, and drives revenue through consultative B2G solutions. Collaborates cross-functionally to support customer success, adoption, and account expansion while maintaining CRM records and performance metrics. This field-based role requires frequent travel of up to 75% and residence or relocation within Indiana, Michigan, or Ohio.
Top Skills:
CRMExcelMicrosoft PowerpointMicrosoft Word
Events • Food • Travel • Hospitality • Hotels & Resorts
Provides administrative support for hotel department operations through word processing, data entry, filing, copying, telephone and email communication, correspondence management, guest interactions, travel booking, and special project assistance. The role is on-site and supports department managers while contributing to a positive hospitality experience.
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
