Job Summary
- Company
- Sandy Spring Bank
- Location
- COLUMBIA, MD 21046
- Industries
- Banking
- Job Type
- Full Time
- Employee
- Career Level
- Experienced (Non-Manager)
- Job Reference Code
- KH10031
Collateral Risk Manager
About the Job
General Summary:
Under minimal supervision, manages a variety of administrative, operational and risk management services in support of the Bank’s commercial asset-based loan activities. Oversees collateral monitoring and loan administration for complex revolving credit facilities, ensuring adequacy of collateral and compliance with approved credit terms and loan documentation. Reviews, analyzes, and determines legitimacy and accuracy of customer data. Review audits of accounts receivable, inventory, and financial statements.
Major Job Accountabilities:
• Establishes policies and procedures in verifying both the value and existence of collateral on accounts receivable and inventory.
• Evaluates the reliability of internal reporting systems and the reports submitted to the bank.
• Interacts with external field examiners to identify collateral audit issues and determine appropriate course of action. Prepare a comprehensive and concise written report highlighting the key examination issues, risk and recommendations.
• Interact with clients as well as other internal departments; may participate in client calls to establish client expectations and review processes and procedures; obtains additional information from clients regarding incomplete, missing or unusual collateral information.
• Supervises administration of loan payments, advances, collateral depository accounts, operational reports and ledgers, and data entry and management of asset based lending software.
• Complete all pre-funding and documentation requirements for new and renewal activity to ensure accurate collateral position.
• As needed, provide assistance to Relationship Manager to effectively manage Asset Based commercial loan accounts.
• Develops and distributes portfolio-monitoring reports monthly to Commercial Portfolio Managers, Business Consultants, Small Business Loan Center Manager, and Commercial Relationship Manager.
• Works closely with the senior management to evaluate and make recommendation for the purchase of a collateral management software system; implements and administers software and development of related process and procedure to maximize risk management capabilities.
Knowledge, Skills and Abilities:
1. Position requires 5 to 7 years proven collateral management experience, or equivalent, working in an asset-based lending environment is required.
2. Ability to utilize standard PC based software to prepare correspondence, reports and other documents as needed.
3. Strong oral and written communication skills are needed to effectively work with internal/external clients to explain products and interpret policy.
4. Advanced problem solving skills are needed to find solutions to problems that are technically complex and require collection, interpretation, and analysis of data from diverse sources is required.
5. Work is under minimal supervision, where the work requires independent judgment in the interpretation of existing policies and procedures and the selection of alternative work routines.
Specific Physical Requirements:
Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required.
Working Conditions:
Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements.
Work includes little or no potential exposure to hazardous conditions.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Computer proficiency,Previous banking experience
Under minimal supervision, manages a variety of administrative, operational and risk management services in support of the Bank’s commercial asset-based loan activities. Oversees collateral monitoring and loan administration for complex revolving credit facilities, ensuring adequacy of collateral and compliance with approved credit terms and loan documentation. Reviews, analyzes, and determines legitimacy and accuracy of customer data. Review audits of accounts receivable, inventory, and financial statements.
Major Job Accountabilities:
• Establishes policies and procedures in verifying both the value and existence of collateral on accounts receivable and inventory.
• Evaluates the reliability of internal reporting systems and the reports submitted to the bank.
• Interacts with external field examiners to identify collateral audit issues and determine appropriate course of action. Prepare a comprehensive and concise written report highlighting the key examination issues, risk and recommendations.
• Interact with clients as well as other internal departments; may participate in client calls to establish client expectations and review processes and procedures; obtains additional information from clients regarding incomplete, missing or unusual collateral information.
• Supervises administration of loan payments, advances, collateral depository accounts, operational reports and ledgers, and data entry and management of asset based lending software.
• Complete all pre-funding and documentation requirements for new and renewal activity to ensure accurate collateral position.
• As needed, provide assistance to Relationship Manager to effectively manage Asset Based commercial loan accounts.
• Develops and distributes portfolio-monitoring reports monthly to Commercial Portfolio Managers, Business Consultants, Small Business Loan Center Manager, and Commercial Relationship Manager.
• Works closely with the senior management to evaluate and make recommendation for the purchase of a collateral management software system; implements and administers software and development of related process and procedure to maximize risk management capabilities.
Knowledge, Skills and Abilities:
1. Position requires 5 to 7 years proven collateral management experience, or equivalent, working in an asset-based lending environment is required.
2. Ability to utilize standard PC based software to prepare correspondence, reports and other documents as needed.
3. Strong oral and written communication skills are needed to effectively work with internal/external clients to explain products and interpret policy.
4. Advanced problem solving skills are needed to find solutions to problems that are technically complex and require collection, interpretation, and analysis of data from diverse sources is required.
5. Work is under minimal supervision, where the work requires independent judgment in the interpretation of existing policies and procedures and the selection of alternative work routines.
Specific Physical Requirements:
Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required.
Working Conditions:
Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements.
Work includes little or no potential exposure to hazardous conditions.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Computer proficiency,Previous banking experience
Company Tools
Contact Information
Sandy Spring Bank
