Collateral Control Analyst

Employment Status:

Full Time

Location:

Corporate Center, Holland

Job Description:

POSITION SUMMARY:
1. Develop and maintain procedures necessary to ensure that loans meet the necessary criteria to pledge to various institutions. This may include system coding, report creation, and training of credit, lenders, and loan operation staff.
2. Work with loan management, credit, lenders, accounting and loan operation staff to ensure that the loan structure and documentation supports the ability to pledge the loan and maximize the collateral pledge arrangement. This may involve reviewing renewal reports and new loan committee approvals.
3. Ensure adequate controls and reports are in place to monitor pledged collateral on an ongoing basis. Request files back from pledged institutions in compliance with their policies and procedures.
4. Work with Report Manager to provide information and assist with monthly reporting to pledged institutions in compliance with the required format and timeframes. Serve as the bank’s liaison to each institution for correspondence as necessary.
5. Package collateral for delivery to pledge institutions by gathering originals, reviewing for compliance to rules, delivering to loan review for sign off, and sending to pledge institution and working to resolve exceptions. This may involve creating a temporary team under your supervision.
6. Conduct all activities in compliance with all policies, procedures, and regulatory guidelines of the Bank and the pledging institution. Work with institution to gather necessary information for all audits. Report findings to management and make changes as necessary.

MINIMUM QUALIFICATIONS:
1. 5-8 years experience in loan operations.
2. Bachelors Degree
3. Requires functional level of computer proficiency
4. Requires good communication, organizational and interpersonal skills