Collateral Analyst Senior

Collateral Analyst Senior

This colleague is responsible for a designated group of Asset Based Lending ("ABL") client portfolio, performing quantitative and qualitative analyses of accounts receivable, inventory and payables. Based on analytical data, the colleague is responsible for identifying and addressing any areas of concerns that can impair the integrity of Bank's collateral position as well as any collateral default and reporting requirement, either through written or verbal communication. The colleague must have the ability to provide excellent customer service to external and internal clients. The colleague is responsible for understanding and maintaining the loan documents and records related to his / her designated portfolio, both in electronic and hard copies.

What will you do?

• Identify and monitor potential risks and exposures related to the Bank's collateral, financial impact to Borrower and loan covenants.
• Comprehensive understanding and knowledge of the legal terms, conditions and requirements pursuant to the loan agreement, credit approval and bank credit policy.
• Prepares the Collateral Instruction Sheet and Client filing system for new and existing clients.
• Manages the record keeping of legal documentations and various reports.
• Ensures the client compliance with collateral reporting requirements and continually monitors quality and timeliness of reports.
• Performs analyses of various client reports and computes the borrowing base pursuant to the Loan Agreement
• Prepares the collateral review reports, narrative analyses and various worksheets / spreadsheets.
• Data posting entry of collateral information to NTABL.
• Reviews month end reconciliation between the client aging and inventory reports and NTABL information.
• Manages the submission of collateral reports and borrowing base certificate through the Stucky-Net Link and corresponding data posting.
• Conducts accounts receivable verification and follow-ups.
• Maintains excellent internal (relationship managers, underwriters, etc.) and external (ABL borrowers, CFO, Controller's, etc.) customer relation and services relating to collateral monitoring, issues, problems, system and other related functionality.
• Instructs and assists new ABL borrowers with ABL reporting procedures and requirements.
• Performs other duties as requested.
• Specific details of the job responsibilities are discussed in the ABLD Procedure Manual for Collateral Monitoring Unit.

What do you need to succeed?

What's in it for you?

Compensation : Starting base salary : $25.93 - $41.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.

Benefits and Perks : At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including :

About Us : Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.

Inclusion and Equal Opportunity Employment : City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.