Fifth Third Bank Sr Structured Finance Collateral Analyst in Chicago, Illinois
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. As The curious bank, we've staked our claim on looking at things differently, at being better listeners and at showing more commitment. We employ about 19,000 people, and what we offer is:
This applies to our relationships with customers and employees alike.
A chance for employees to build their future, with supportive career development and financial welln ess programs.
An environment where we win together. We celebrate achievement and work collaboratively. We're also a two-time Gallup Great Workplace honoree.
An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Fifth Third Bank's Wholesale division offers banking, cash management, and financial services to large and middle market businesses, government, and specialized industries. In addition to traditional lending and depository offerings, our commercial products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, commercial leasing, and syndicated finance. We are a team of professionals focused on delivering innovative and client-specific solutions that leverage the Bank's expertise in treasury management, capital markets, and international products and services. Our sales process drives the delivery of financial solutions through a relationship team consisting of subject-matter experts who ensure all aspects of our client's needs are assessed and met.
Analyze Borrowing Base Reports and supporting documentation off Structured Finance borrowers to ensure compliance with loan and security agreement. Coordinate and execute advance requests from borrowers pursuant to terms and conditionsof loan documentation.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures thatactions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
DUTIES AND RESPONSIBILITIES:
- Analyze borrowing base reports and supporting documentation:
o Calculate borrowing availability of Structured Finance borrower.
o Review and analyze accounts receivable aging and inventory reports to calculate eligible and ineligible assets per the loan documentation.
o Review loan documentation to assess borrowing base structure, advance rates and determine eligibility of assets.
o Review reports submitted by borrowers for accuracy and to ensure compliance with loan documentation.
o Monitor borrower reporting activities.
o Input asset values, advance rates and basic customer information into the Stucky System.
o Prepare loan status reports for loan officers from Stucky Software.
o Prepare Stucky Trend Reports.
Prepare and process verifications of account debtors to avoid fraud.
Effectively communicate with loan officers as necessary relative to borrowing availability of customers and changes in borrowing formula; over advance scenarios and significant changes in eligible assets.
Balance month-end reports prepared and provided by borrowers with the Stucky system.
Prepare documentation for borrowers advance requests and input on the loan system.
Participate in weekly loan review meetings with Structured Finance Staff.
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
KNOWLEDGE & SKILLS REQUIRED:
2 - 4 years of undergraduate coursework.
1 - 3 years of prior collateral analysis/loan monitoring experience preferably in the asset based or banking industry.
Proficient in basic applications such as Microsoft Word and Excel, and familiarity with internal applications such as Stucky, AFS, ALAS and DSI.
Other skills: Excellent attention to detail, excellent communication, organizational and follow-up skills, and ability to work with loan officers and credit analysts in evaluating collat3eral values.