Job Description

Date Active

May 18, 2022 12:00:00 AM

Requisition #


Hours Per Week



360 Lexington Ave-NY000


New York


New York

Job Description/ Requirements

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Job Summary:

Collateral Analysts at WBCC are responsible for all aspects of customer service as it relates to the clients collateral and loan activity.

The typical workload for a collateral analyst is 20 clients, which include Direct, loan where Webster is the lead lender, and Indirect, where Webster is an investor in a deal agented by another bank or finance company. Some factors that may affect the maximum number of accounts a Collateral Analyst will handle are complexity of the client's collateral pools, and whether the account is Direct or Indirect. The Collateral Analyst position requires a significant level of Asset Based Lending, (Accounts Receivable/Payable, Inventory) and customer service skills

Major Duties & Responsibilities:

  • Update collateral daily, weekly or monthly as required.
  • Prepare, review, and post daily advance requests from clients, ensuring that sufficient availability exists to cover the request.
  • Update collateral based on weekly or monthly borrowing base certificates as required.
  • Ensure timely and accurate collateral values for appropriate credit decision.
  • Perform monthly reconciliations between the bank's records and those of the clients.
  • Review detailed aging for unusual items and calculate ineligible collateral,
  • Prepare list clients top ten debtors and prepare a month end package to be reviewed by Account Executives, Portfolio Managers and Operations Manager.
  • Prepare portfolio review forms.
  • Perform customer service for portfolio of customers, answering questions, follow up on discrepancies, etc.

Education, Experience & Skills required

  • Bachelor's Degree. Business or Accounting preferred.
  • 1-2 years experience with collateral monitoring and analysis at a retail lending institution
  • Strong organization and communication skills
  • Task orientation and ability to manage multiple priorities simultaneously
  • Working knowledge of Stucky Loan System
  • Proficient in Microsoft Office




Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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