MB Financial Bank Collateral Analyst/ Sr. Collateral Analyst - 6111 N. River Rd in Rosemont, Illinois
REF #RB16695 *CMB
The Collateral Analyst performs ongoing due diligence to ensure the integrity of collateral information as reported by bank clients. This position supports a portfolio of accounts with a mix and complexity commensurate with their existing, and developing, level of experience and skill.
ESSENTIAL DUTIES AND RESPONSIBILITIES
These are the most significant job duties performed. The size, scope and complexity of assigned duties and responsibilities are dependent on the level and experience of the incumbent. To perform this job successfully, an individual must be able to perform each assigned essential duty satisfactorily. Other responsibilities or special projects not specifically mentioned may also_ be assigned.
_Daily Monitoring Responsibilities
Manages a portfolio of accounts based on experience and skill set. Challenging assignments can be expected as incumbents gain experience in the role.
Reconciles all required backup (Agings, Payables Agings, Inventory, marketable security statements, etc.) for the Borrowing Base Report within expected timeframe.
Completes concentration analysis for each client.
Performs the email notification process upon completion of the independent borrowing base calculation.
Escalates any exceptions in backup/reporting received in comparison to the Handling Memo according to departmental procedures.
Ensures complete and executed Handling Memorandums are appropriately maintained on all accounts.
_Client Interaction Responsibilities
Interacts with internal and external clients to provide information relating to collateral and/or advance activity.
Participates in the discussions and documentation of procedures for certain functions within the department.
Proactively follows-up with clients prior to the due date to insure the collateral package is received on time.
Provides information, to the Field Exam staff.
Works with the Team Manager to formulate Borrowing Base Certificate formats for client use. Regularly updates the customer templates and internal worksheets when any changes are made to the borrowing base structure or required customer reporting.
Notifies the Team Manager or department manager of any unusual activities or trends noticed during their review.
_Training and Administrative Responsibilities
Participates in Portfolio analyst training sessions.
Participates in testing and feedback activities relating to group projects.
Participates in cross-training activities to ensure trained backup staff is available on every account assignment.
Provides reporting data to management that is required in the preparation of metrics or regularly-prepared management reports.
Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.
Continuously supports the Bank’s Mission Statement and Core Values.
This position has no direct or indirect supervisory responsibilities.
_The requirements listed below are representative of the knowledge, skill, and/or ability required to perform this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Work ExperienceBachelor's degree from four-year College or university; or two or more years of related experience and/or training; or equivalent combination of education and experience. Direct knowledge of borrowing base components and analysis is preferred. Undergraduate degree in Finance and/or Business is preferred.
The Senior Collateral Analyst position requires a minimum of two years’ experience specific to collateral monitoring.
**_Job –Specific Knowledge
To perform this job successfully, the individual needs to demonstrate knowledge of these areas as they relate to the primary functions of the job.**_
- Credit -Knowledge of one or more of the following: commercial and consumer credit regulations, policies, and procedures; loan analysis, restructuring, and documentation; collection techniques; structure financing analysis.
* Loan Documentation –Ability to read and interpret commercial loan documents and a solid understanding of loan/ banking terms **
_To perform the job successfully, an individual should demonstrate the following competencies.
- Proficient userof Windows applications and Microsoft Office programs such as Word and Excel. Knowledge of commercial lending and collateral monitoring systems (Stucky, ABLE, etc.) is preferred.
- Quickly learns and achieves proficiency in new software applications as needed.
Identifies and resolves problems.
Demonstrates attention to detail
Strong aptitude for understanding and analyzing large amounts of data from multiple sources.
- Presents organized and thorough information and data appropriate for intended audience.
Time Management Skills__**
Demonstrates follow-up skills.
Provides timely and professional support to all internal/external customers and vendors.
Self-motivated. Team-oriented. Works with minimal supervision.
Consults with Team members and management as needed to complete assigned responsibilities.
**PHYSICAL DEMANDS & WORK ENVIRONMENT
_The physical demands and work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; and to talk or hear.
- The employee is frequently required to sit.
- Office / cubicle work space with moderate noise level.
_Hours of Work
Normal business hours with occasional overtime (non-exempt roles)as needed.
Overtime / Extended hours may include nights and/or weekends. Normal scheduled hours cover traditional Monday – Friday business hours.
Job is frequently fast-pacedand deadline sensitive.
Stress levels may increase due to seasonality and/or special projects and/or during peak times.
MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.**
As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.