Job Details
Position Summary:
This is an entry level position for the NCF ABL portfolio. The ABL AM will work closely with the VP Operations as well as the ABL Account Executive to oversee all portfolio management and collateral control aspects associated with a portfolio of revolving asset based and technology channel finance loans. Involves frequent interaction with borrowers, field examiners, credit and underwriting personnel and legal teams. The ABL AM will also be involved in underwriting loan modifications, covenant waivers and revisions as well as annual reviews of assigned accounts.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Customer Service Provide prompt, professional and proficient assistance to borrower customers. Includes, but not limited to, reviewing borrowing base certificates and all back up material for accuracy and completeness. Reviews and provides approval for all borrower cash advances, works with outside cash management systems to verify and apply cash applications to borrower outstanding balances. Works with borrower to ensure that NCF loan is collateralized appropriately. Provides entries to accurately account for loan and collateral balances within the ABL portfolio management system.
- Risk Mitigation responsible for the in-depth analysis of borrower collateral levels and trends. Interprets borrower financial statements and financial reporting packages with covenant compliance certificates. Composes, interprets and leads discussion on borrower trend cards. Ensures that TECH channel finance SPP payments are collected as scheduled.
- Pending Orders and Advances Monitor pending TECH channel finance orders and ensure they are processed timely and appropriately. Ensures that borrower ABL advances are completed within required timeframes for borrower cash management purposes.
- Interprets and may occasionally participate in on-site borrower field exams, focusing on potential risk aspects and corrective actions, some overnight travel may be required.
- Administrative Duties Will become proficient in borrower loan documentation, financial and collateral reporting. Works frequently with legal teams to ensure all affirmative and negative covenants are in compliance. Participate in annual credit reviews, processes approval memorandums to modify existing loan terms or conditions. Special projects as assigned.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience:
Bachelor s degree from a four-year college or university preferred. Two or more years related experience or equivalent combination of education and experience. Working knowledge and understanding of financial statements, accounting standards and financial reporting.
Language Ability:
Ability to read and interpret documents such as operating instructions and policy and procedure manuals. Ability to draft customer and senior NCF & LBC level facing emails/correspondence on a regular basis and reports as needed. Ability to effectively communicate via telephone as well as in a customer facing opportunity.
Math Ability:
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages.
Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral or schedule form.
Computer Skills:
Microsoft Office required, specifically, Outlook, Word, Excel and Access.
Certificates and Licenses:
N/A
Supervisory Responsibilities:
N/A
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.