Asset Based Lending Loan & Collateral Analyst

Cambridge Savings Bank is a full-service banking institution committed to improving the quality of life for its employees and customers. The ABL Loan and Collateral Analyst will provide analysis and communication with asset-based loan borrowers, focusing on collateral updates and managing assigned portfolios under the guidance of senior staff. Responsibilities - Provide all necessary analysis, posting, monitoring of and communication with asset-based loan borrowers regarding daily and monthly processing of collateral updates/Borrowing Base Certificates (BBC) - Become efficient, via in depth training, working with our collateral monitoring system (ABLSoft) - Perform daily activities of Loan Servicing using the ABLSoft system including but not limited to: recording and processing of loan advances, payments, payoffs, new loan set-ups, performing new client orientation sessions of ABLSoft system, and participation settlements - Interface with core banking system (Fiserv DNA) and bank partners including Loan Servicing, Wire Service Team, Loan Administrations and accounting staff as applicable - Perform daily bank reconciliations between DNA and ABLSoft and monitoring RPA automated sweeps from respective borrower to the loan system timely, as well as collateral reductions - Perform daily and weekly collateral analysis of accounts receivable aging, inventory, equipment or any other collateral asset pledged on BBC’s - Review all Borrowing Base Certificates, ensuring accurate posting of all collateral information (inventory, accounts receivable, etc.) into the ABLSoft system - Process in accurate AR & Inventory ineligibles, etc. to ABLSoft and DAR as well as informing Borrower(s) - Compare ABLSoft results to borrower’s prepared BBC and revise accordingly after necessary review and approval - Responsible to set-up and/or modifying every ABL commercial loan on ABLSoft/DAR - Ensure the timely receipt of all required information and documents related to borrowing base and collateral reporting such as AR & AP Agings, Inventory reports and other related collateral documents as required - Create and maintain certain internal monitoring and management reports including the Daily Activity Report (DAR) by account - End of day reconciliation procedures to ensure ABLSoft, DAR and DNA reconcile with respect to loan balances and availability - Responsible for servicing borrower requests and monitoring daily aspects of the borrower’s conduct and reporting changes in the borrower’s personnel, reporting or behavior - Assist with month-end fees & interest notification procedures - Maintain files of ABL department, which may include uploading ABL client related documents to the banks OnBase system as required Skills - Bachelor's degree from a four-year college or university required - Preference for Accounting/Finance major - In-depth knowledge of wire transfers processes and regulatory requirements (BSA, AML, OFAC) - 0-2 years' experience in a commercial financial services firm/ banking organization with emphasis on analysis and borrower servicing; or equivalent combination of education and experience - Strong MS skills, particularly Excel, for reconciliation and reporting - Ability to utilize software packages including accounting software, MS Office and other financial software packages - Strong working knowledge of Microsoft Excel, Word and Teams is required - Skills must include the ability to utilize advanced formulas, tables and formatting, conditional formatting, advanced charting, and pivot tables - Basic knowledge of financial analysis - Personal skills must include: strong mathematical skills, pleasant and effective when solving problems with clients; accurate and well-organized while giving consistent attention to detail; works responsibly on own managing daily priorities; and positive attitude when working with others - Skill in conflict resolution and ability to handle stressful situations - Ability to manage multiple tasks concurrently and multiple deadlines - Ability to maintain confidentiality - Ability to objectively evaluate information gathered and effectively communicate those findings - Ability to establish and maintain effective working relationships with employees, clients and outside contacts - Ideally, the ABL LCA will have been formally credit trained (although this is not a requirement) Benefits - Healthcare - Parental planning - Mental health benefits - Performance bonus opportunities - A 401(k) plan and match - Flexible time off - Others Company Overview - Cambridge Savings Bank is a public bank serving both individuals and businesses. It is a sub-organization of Ivy Bank. It was founded in 1834, and is headquartered in Cambridge, Massachusetts, USA, with a workforce of 201-500 employees. Its website is http://www.cambridgesavings.com.