Job Description

Date Active

Oct 6, 2022 12:00:00 AM

Requisition #

22-2064

Hours Per Week

40

Location

360 Lexington Ave-NY000

City

New York

State

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!

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 & RESPONSIBILITES

  • 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

  • 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
  • Proficent in Microsoft Office

The estimated salary range for this position is 60,000 USD to 85,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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Equal Opportunities

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

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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