Senior Associate - Collateral Control

Job description

The Collateral Control Senior Associate plays a critical role in the Bank’s Asset-Based Lending (ABL) operations by ensuring the integrity and accuracy of borrowing base calculations that underpin credit decisions. This position is responsible for the ongoing monitoring of collateral supporting asset-based loans, with a focus on validating borrower-reported data and ensuring compliance with established advance formulas. The Senior Associate will serve as a key control point between the borrower’s submitted documentation and the Bank’s credit exposure. This role involves detailed review and analysis of borrowing base certificates, accounts receivable agings, accounts payable agings, inventory reports, and other supporting documentation. The Senior Associate will calculate eligible collateral values, assess trends and anomalies, and confirm that the borrower’s reported credit limit is properly supported by the underlying assets. The position requires strong analytical skills, attention to detail, and the ability to communicate findings effectively with internal stakeholders and relationship managers. The Collateral Control Senior Associate will bring a proactive mindset to identifyin...