Senior Associate - Collateral Control

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 identifying discrepancies, improving monitoring processes, and supporting the Bank’s risk management objectives. This role offers an opportunity to shape best practices for collateral monitoring and contribute to the development of a robust control framework for the Bank’s ABL portfolio.

 

Position Accountabilities

• Manage a portfolio of borrowing base loan relationships.
• Review and validate borrowing base certificates submitted by borrowers.
• Analyze accounts receivable and accounts payable agings for eligibility and trends.
• Evaluate inventory reports to determine eligible collateral under the advance formula.
• Calculate borrower credit limits based on approved advance rates and collateral values.
• Ensure borrower-reported balances are supported by the underlying collateral base.
• Utilize collateral monitoring software to set up new clients, input approved advance rates and enter borrowing base certificate data to assist in calculating and confirming the borrower’s credit limit.
• Ensure timely completion of collateral reviews to support draw requests and avoid delays in funding, prioritizing submissions based on urgency and reporting schedules. Discusses delays with partners prior to missed deadline.
• Identify discrepancies or inconsistencies in submitted documentation and escalate as needed.
• Conduct credit monitoring, analytics, and internal reporting.
• Maintain accurate records of collateral calculations and supporting documentation.
• Collaborate with relationship managers and credit officers to resolve collateral issues.
• May assist with monitoring covenant compliance and reporting timelines for ABL borrowers.
• Assist in the development and refinement of collateral monitoring procedures and tools.
• Support audits and internal reviews by providing documentation and analysis.
• May contribute to risk assessments and portfolio reviews related to collateral adequacy.
• Stay informed on industry best practices and regulatory expectations for collateral monitoring.
• Analyzes segments of the loan portfolio, identifies trends, and assesses risks.
• Effectively partners with Credit Team to improve efficiencies of operation, minimize risk, and expand sales opportunities.
• Communicate with the Borrower on any issues related to their submission materials.
• Complete monthly collateral reconciliation packages for assigned loans.
• May perform other related duties as assigned.

 

 

Organizational Relationship

This role reports to the Supervisor – Commercial Credit Analysts.

 

Position Qualifications

Education & Experience

• Bachelor’s degree in accounting, Business or Finance and/or equivalent experience desired.
• Five or more years of banking experience with emphasis on asset based collateral monitoring, commercial documentation, policy, and financial analyses.

 

Knowledge & Skills

• Advanced written and analytical skills to assess trends and document conclusions.
• Knowledge of commercial lending, including legal documentation
• Familiarity with general commercial lending policies, including FIRREA and FDICIA.
• PC proficiency and experience with word processing spreadsheets and collateral monitoring software including the use of system generated reports, reconciliations and error logs.
• Advanced knowledge of Generally Accepted Accounting Principles.
• Knowledge of assets-based lending norms for advance rates, collateral eligibility, client documentation and other customary information.
• Ability to research industry sources needed for credit evaluations.
• Strong organization skills with the ability to independently manage time and workflow to meet deadlines.
• Ability to manage multiple projects at one time.

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc.  This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program.  General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits. 

We are proud to be an Equal Employment Opportunity employer.  We maintain a drug-free workplace.

Regional bank providing commercial, consumer, and wealth management services.