Asset Based Lending Collateral Monitoring Specialist - Midvale, UT
Zions Bancorporation
Zions Bancorporation, N.A. (NYSE: ZION) is a premier financial services company with ~$100B in assets operating through 8 brands in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. With a leading market share in small and middle-market banking, the Bank’s 500+ client managers and 200+ wealth advisors have vigorous client development strategies that feed into Zions Capital Markets.
Zions Bancorporation has just opened an opportunity for an Asset Based Lending Collateral Monitoring Analyst in our Asset Based Lending group.
Ideal candidates will have the skills and experience necessary to:
Basic knowledge of banking or asset-based lending processes, accounts receivable, payable aging’s, inventory reports, and balancing principles Ability to prepare accounting reports Good organizational, analysis and balancing skills Solid attention to detail skills and ability to multi-task Good research and problem resolution skills Ability to review and verify data and to meet deadlines Responsible for reviewing and monitoring borrowing base certificates, A/R reconciliations, A/R ageing and inventory reports to determine eligible invoices. Reviews, analyzes and determines the legitimacy and accuracy of customer's data.Obtains additional information from customers and other banking departments on incomplete or unusual terms through telephone or written communications. Reviews loan documentation and maintains customer accounts in an Asset Based Lending Software System. Researches and resolves inquiries and operational issues. Processes account for receivable and inventory collateral transactions, including loan payments and advances. Reviews accounts to help detect potentially fraudulent activity. Reconciles Demand Deposit Accounts to the collections reported by the borrower. Verify amounts eligible to borrow and the amounts needed in reserve are correct. Monitor certificates to accurately determine the advance amounts on any loan and report any advances. Verify differences and send deficiencies to Loan Officers. Posts information to the system, checks against Bancs and submits reports to the Portfolio/Relationship Managers. Analyze aging for trends and potential fraud. Review loan documents to verify all information is complete. Other duties as assigned.
Qualifications:
Requires a High School diploma or, based certificates or other directly related experience. A combination of education and experience may meet job requirements. Proficient knowledge of banking or asset-based lending processes, accounts receivables, payable ageing and balancing principles. Working knowledge of computer software including Excel, Word, PowerPoint, AccessBenefits:
Medical, Dental and Vision Insurance – START DAY ONE! Life and Disability Insurance, Paid Paternal Leave, and Adoption Assistance Health Savings (HSA), Flexible Spending (FSA), and dependent care accounts Paid Training, Paid Time Off (PTO), and 11 Paid Federal Holidays 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience Mental health benefits, including coaching and therapy sessions Tuition Reimbursement for qualifying employees
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