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Associate I/II - Asset Based Lending

Location: 

Carmel, US

Associate I or II – Asset Based Lending

Alter Domus is currently seeking a new Collateral Analyst to join our Asset Based Lending team at our Carmel, IN, or Chicago, IL office.  Remote location candidates will be considered if you have previous ABL experience. 

 

JOB DESCRIPTION:

  • Reviews and analyzes BBC and supporting documentation for accuracy and completeness; updates collateral information on loan & collateral monitoring system; reconciles collateral, loan, unapplied cash and excess availability between the loan & collateral monitoring system and BBC; identifies and resolves outstanding items.  

  • Reviews and reconciles collections from Borrowers and ensures accurate application on the loan & collateral monitoring system; monitors daily borrowing availability and processes advance requests of customers; ensures all appropriate authorizations/approvals are obtained in accordance with policies and controls.  

  • Analyzes accounts receivable and inventory reports of customers and calculates ineligible collateral; reviews and incorporates audit findings relevant to the assigned portfolio.  

  • Reviews and processes interest and fee invoices; performs settlement with syndicate members; follows-up and resolves past due reporting delinquencies, if any.  

  • Assists Lender in monitoring on-going portfolio risk exposure by identifying and escalating suspicious/inconsistent activities, reporting exceptions, material variance, and over-advance issues.  

  • Develops and maintains a solid working relationship with lenders and borrowers and provides exceptional customer service; ensures operational excellence by maintaining accuracy and following internal control procedures and teamwork.   

 

WHAT YOU’LL NEED:

  • BA/BS in Business, Finance, Accounting or equivalent.   

  • Minimum of 1-3 years’ experience in a commercial loan environment or equivalent combination of education and experience. 

  • Asset Based Lending and/or Factoring experience is preferred.   

  • Advanced knowledge of Microsoft Suite including Word, Excel, and Outlook.   

  • Experience with Stucky NT/ABL or similar collateral monitoring systems is preferred.   

  • Experience with reviewing and understanding financial statements, credit approval documents and legal documents a plus.  

  • Detail oriented with strong analytical and problem-solving skills.  

  • Self-motivated team player with a high level of initiative, accountability, and adaptability.    

 

WHAT WE OFFER:

Alter Domus offers a competitive, comprehensive benefits package including a generous vacation policy, a diverse work environment, and strong global connections. As you collaborate with colleagues in our fast-paced environment, you will gain exposure to demanding and stimulating experiences that you will take with you as your career progresses. We provide a sophisticated work environment with prominent clients that will take your ambitions and talents to the next level and give you the resources and support you need to succeed.

 

For more information, please visit: www.alterdomus.com.
 

Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.