New 
ABL Collateral Analyst - NYC or Jericho, NY - New York, NY
 Valley National Bank | |
 United States, New York, New York | |
 Oct 09, 2025 | |
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Responsibilities include but not limited to:
* Lead the review and analysis of loan collateral, including borrowing base certificates, A/R aging's, inventory reports, and appraisals. * Processes advance requests, validates there is sufficient availability, and obtains all required advance approvals. * Reviews and monitors collateral performance trends and effectively communicates analysis to colleagues and clients. * Evaluate the value of assets and determine their loan eligibility with a high degree of accuracy. * Monitor collateral to ensure that it remains in compliance with loan conditions and proactively identify potential issues. * Verifies borrowers' incoming cash receipts and records information into loan monitoring system. * Communicate with borrowers and portfolio managers to resolve any collateral issues and provide guidance on best practices. * Prepare detailed reports on loan collateral and present findings to senior management and stakeholders and processes and reviews month-end closing system. * Completes and reviews collateral analysis, identifies all issues and determines appropriate course of action to address and resolve reconciliation matters and other reporting issues. * Performs full validation and reconciliation of borrower-reported borrowing base collateral to ensure that the borrowing base availability is accurate and in conformance with the credit agreement. * Analyzes ineligibles and reserves as well as makes recommendations for changes based on thorough collateral analysis. * Conducts daily reconciliations of loan balances, advances, and cash collections between the bank's core loan system and ABLSoft. * Review invoices and credit memos and may perform verifications on those accounts. * Ensures compliance with all credit policies and maintains accuracy in operational procedures. * Seeks to proactively understand the client to spot early warning signs of increased risk. * Stay up to date on industry and regulatory developments and trends related to asset-based lending and implement best practices within the organization. | |