Asset Lending Loan & Collateral Analyst

ABL Loan and Collateral Analyst

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well‑being. We are committed to exceeding expectations and having a strong commitment to diversity. The ABL Loan and Collateral Analyst ("ABL LCA") will provide all necessary analysis, posting, monitoring of and communication with asset‑based loan borrowers regarding daily and monthly processing of collateral updates/Borrowing Base Certificates ("BBC") and will report directly to VP, Asset‑Based Lending Operations Manager, who in turn reports directly to SVP, Head of Asset‑Based Lending.

The focus will be on learning and development in the fundamentals of collateral review and the ABL fundamentals, working daily with the Operations Manager and senior ABL RM's to assist with managing assigned portfolio and client issues as they arise. The ABL LCA will perform a variety of duties necessary for effective servicing of Asset‑Based loans including:

• Becoming efficient, via in depth training, working with our collateral monitoring system (ABLSoft) to include the ability to review ABL account advance requests and changes to borrowing base collateral components/amounts. Perform daily activities of Loan Servicing using the ABLSoft system including but not limited to recording and processing of loan advances, payments, payoffs, new loan set‑ups, performing new client orientation sessions of ABLSoft system, and participation settlements.
  
  Interface with core banking system (Fiserv DNA) and bank partners including Loan Servicing, Wire Service Team, Loan Administrations and accounting staff as applicable.
• Perform daily bank reconciliations between DNA and ABLSoft and monitoring RPA automated sweeps from respective borrower to the loan system timely, as well as collateral reductions.
• Perform daily and weekly collateral analysis of accounts receivable aging, inventory, equipment or any other collateral asset pledged on BBC's. The LCA is the primary reviewer of all Borrowing Base Certificates, ensuring accurate posting of all collateral information (inventory, accounts receivable, etc.) into the ABLSoft system. Process in accurate AR & Inventory ineligibles, etc. to ABLSoft and DAR as well as informing Borrower(s).
  
  Compare ABLSoft results to borrower's prepared BBC and revise accordingly after necessary review and approval.
• Responsible to set‑up and/or modify every ABL commercial loan on ABLSoft/DAR. This entails the ability to read and interpret Loan Agreements or modifications and to establish payment schedules and data on loan system to properly reflect the loan arrangement with the customer. This includes understanding structuring, amortization, interest‑only periods and holdbacks.
• Ensure the timely receipt of all required information and documents related to borrowing base and collateral reporting such as AR & AP agings, inventory reports and other related collateral documents as required.
• Create and maintain certain internal monitoring and management reports including the Daily Activity Report (DAR) by account. End‑of‑day reconciliation procedures to ensure ABLSoft, DAR and DNA reconcile with respect to loan balances and availability.
• Responsible for servicing borrower requests and monitoring daily aspects of the borrower's conduct and reporting changes in the borrower's personnel, reporting or behavior. This includes communicating with clients to follow‑up on business performance or reporting discrepancies.
• Assist with month‑end fees & interest notification procedures.
• Maintain files of ABL department, which may include uploading ABL client‑related documents to the bank's OnBase system as required.
• Perform additional duties as required.

• Bachelor's degree from a four‑year college or university required. Preference for Accounting/Finance major. In‑depth knowledge of wire transfer processes and regulatory requirements (BSA, AML, OFAC).
• 0‑2 years’ experience in a commercial financial services firm/banking organization with emphasis on analysis and borrower servicing; or equivalent combination of education and experience. Ideally, the…