Find Jobs (Post Jobs)
- Accounting / Finance Jobs (14697)
- Architect / Engineering Jobs (4029)
- Business and Management Jobs (2727)
- Environmental Jobs (14686)
- Government Jobs (190087)
- Health Care Jobs (4771)
- Hospitality Jobs (21581)
- Janitorial Jobs (2457)
- Legal Jobs (12150)
- Nanny Jobs / Babysitting (6)
- Office Jobs (89255)
- Other Jobs (853)
- Retail / Wholesale Jobs (10970)
- Sales Jobs (10970)
- Science (17385)
- Security (3621)
- Skilled Trades / Crafts (4029)
- Transportation Jobs (195)
- Travel / Transportation (501)
Jobs By State
- Alabama (205)
- Alaska (178)
- Arizona (1509)
- Arkansas (118)
- California (73044)
- Colorado (491)
- Connecticut (43)
- Delaware (23)
- Florida (413)
- Georgia (381)
- Hawaii (194)
- Idaho (2801)
- Illinois (222)
- Indiana (168)
- Iowa (94)
- Kansas (148)
- Kentucky (228)
- Louisiana (196)
- Maine (57)
- Maryland (551)
- Massachusetts (182)
- Michigan (232)
- Minnesota (153)
- Mississippi (160)
- Missouri (280)
- Montana (163)
- Nebraska (77)
- Nevada (235)
- New Hampshire (35)
- New Jersey (132)
- New Mexico (329)
- New York (329)
- North Carolina (313)
- North Dakota (91)
- Ohio (236)
- Oklahoma (201)
- Oregon (150)
- Pennsylvania (285)
- Rhode Island (19)
- South Carolina (175)
- South Dakota (128)
- Tennessee (142)
- Texas (804)
- Utah (5452)
- Vermont (43)
- Virginia (756)
- Washington (32241)
- West Virginia (147)
- Wisconsin (118)
- Wyoming (147)
100,000's of Government Jobs
Search Government Jobs
COLLATERAL ANALYST
Job Field: Office Jobs
Location: SALT LAKE CITY, UT
Job Type: Full Time
Location: SALT LAKE CITY, UT
Job Type: Full Time
JOB SUMMARY:
As a member of the Client Management Team, the Collateral Analyst (CA) is primarily responsible for handling the collections for an assigned group of accounts. The CA will also have direct responsibility over the administration of an assigned portfolio consisting of up to 10 factoring relationships, making daily discretionary advances against accounts receivable. They will also assist other team members in the processing of transactions and monitoring of collateral on accounts for which they are not directly responsible. They are expected to work closely with the Credit Analyst and CAs in monitoring overall collateral performance and communicating findings to the Relationship Manager so that informed decisions can be made. In this position the individual is expected to gain the knowledge and experience necessary to move into a Sr. Collateral Analyst role. Thus the Sr. Collateral Analyst Position Description should be read in conjunction with this Position Description. MAJOR ACCOUNTABILITIES Collections ? Be familiar with the department?s Policies and Procedures and compliant with the guidelines specified in that document. ? Responsible for expediting collections for assigned portfolio of accounts. ? Make collection calls to account debtors and document those calls with concise notations in the Factorsoft system. ? Identify problem accounts and report them to the Portfolio Manager and/or Relationship Manager. ? Communicate frequently with Relationship Managers and Sr. Collateral Analysts to gain an understanding of assigned clients? nature of business, needs and potential red flags. ? Communicate to the Credit Risk Manager any issues gathered through collection efforts that indicate issues with an Account Debtor?s ability to pay (cash flow issues, pay as paid, etc.) ? Coordinate collection effort through the clients on soft-notification clients and document their communications. ? Follow up on commitments. ? Work client aging systematically. Prioritize calls by dollar value as well as receivable aging, and in line with the guidelines established in the Account Management Plan for each client. ? Efficiency and professionalism. Remembering that the Account Debtors are our Clients? customers. Consistently display courteous phone manner to represent Summit and its clients ethically and professionally. ? Verifications ? Although verification of purchased accounts receivable is the main responsibility of the Verifications department, the collections department will assist in the verification process by post verifying invoices as collection calls are made. ? Responsible for communicating any red flags (quality issues, credits, etc.) to the appropriate Relationship Manager and/or Portfolio Manager according to guidelines. ? Verification procedures vary based on client. The collectors are responsible to follow documented procedures. Account Management ? Management of daily operations to include: ? Purchasing daily schedules ? Pre-verification as required for each client ? Follow up with credit analyst on debtor limits ? Daily reporting to clients ? Handling charge backs as instructed by RM ? Review non-factored cash ? Client communication as instructed ? Send NOAs to new debtors ? Monitor entire client relationship and identify red flags ? Request and review financial information ? Identify weekly outstanding reporting ? Identify high risk debtors to review ? Identifying possible issues that might exist and communicating these to management. ? Review and handle issues as they arise ? Assist in the management of client attrition to departmental goal levels, working closely with the Relationship Manager to ensure that no deal is lost due to service and or structural needs that are within our control. ? Work with the members of the Client Management Team in providing proactive management of the overall client relationship. ? Help with other projects as directed by Management.
As a member of the Client Management Team, the Collateral Analyst (CA) is primarily responsible for handling the collections for an assigned group of accounts. The CA will also have direct responsibility over the administration of an assigned portfolio consisting of up to 10 factoring relationships, making daily discretionary advances against accounts receivable. They will also assist other team members in the processing of transactions and monitoring of collateral on accounts for which they are not directly responsible. They are expected to work closely with the Credit Analyst and CAs in monitoring overall collateral performance and communicating findings to the Relationship Manager so that informed decisions can be made. In this position the individual is expected to gain the knowledge and experience necessary to move into a Sr. Collateral Analyst role. Thus the Sr. Collateral Analyst Position Description should be read in conjunction with this Position Description. MAJOR ACCOUNTABILITIES Collections ? Be familiar with the department?s Policies and Procedures and compliant with the guidelines specified in that document. ? Responsible for expediting collections for assigned portfolio of accounts. ? Make collection calls to account debtors and document those calls with concise notations in the Factorsoft system. ? Identify problem accounts and report them to the Portfolio Manager and/or Relationship Manager. ? Communicate frequently with Relationship Managers and Sr. Collateral Analysts to gain an understanding of assigned clients? nature of business, needs and potential red flags. ? Communicate to the Credit Risk Manager any issues gathered through collection efforts that indicate issues with an Account Debtor?s ability to pay (cash flow issues, pay as paid, etc.) ? Coordinate collection effort through the clients on soft-notification clients and document their communications. ? Follow up on commitments. ? Work client aging systematically. Prioritize calls by dollar value as well as receivable aging, and in line with the guidelines established in the Account Management Plan for each client. ? Efficiency and professionalism. Remembering that the Account Debtors are our Clients? customers. Consistently display courteous phone manner to represent Summit and its clients ethically and professionally. ? Verifications ? Although verification of purchased accounts receivable is the main responsibility of the Verifications department, the collections department will assist in the verification process by post verifying invoices as collection calls are made. ? Responsible for communicating any red flags (quality issues, credits, etc.) to the appropriate Relationship Manager and/or Portfolio Manager according to guidelines. ? Verification procedures vary based on client. The collectors are responsible to follow documented procedures. Account Management ? Management of daily operations to include: ? Purchasing daily schedules ? Pre-verification as required for each client ? Follow up with credit analyst on debtor limits ? Daily reporting to clients ? Handling charge backs as instructed by RM ? Review non-factored cash ? Client communication as instructed ? Send NOAs to new debtors ? Monitor entire client relationship and identify red flags ? Request and review financial information ? Identify weekly outstanding reporting ? Identify high risk debtors to review ? Identifying possible issues that might exist and communicating these to management. ? Review and handle issues as they arise ? Assist in the management of client attrition to departmental goal levels, working closely with the Relationship Manager to ensure that no deal is lost due to service and or structural needs that are within our control. ? Work with the members of the Client Management Team in providing proactive management of the overall client relationship. ? Help with other projects as directed by Management.
KEY REQUIREMENTS:
None
Tips