Asset Based Lending Loan & Collateral Analyst

POSITION: ABL Loan and Collateral Analyst

Position Summary:

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:

Key Result Areas:

* 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.

* Performs 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 modifying 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 banks OnBase system as required.

* Perform additional duties as required

Qualifications:

* Bachelor's degree from a four-year college or university required. Preference for Accounting/Finance major. In-depth knowledge of wire transfers 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 ABL LCA will have been formally credit trained (although this is not a requirement). Strong MS skills, particularly Excel, for reconciliation and reporting

* Ability to utilize software packages including accounting software, MS Office and other financial software packages.

* Strong working knowledge of Microsoft Excel, Word and Teams is required. Skills must include the ability to utilize advanced formulas, tables and formatting, conditional formatting, advanced charting, and pivot tables.

* Basic knowledge of financial analysis

* Personal skills must include: strong mathematical skills, pleasant and effective when solving problems with clients; accurate and well-organized while giving consistent attention to detail; works responsibly on own managing daily priorities; and positive attitude when working with others.

* Skill in conflict resolution and ability to handle stressful situations

* Ability to manage multiple tasks concurrently and multiple deadlines

* Ability to maintain confidentiality

* Ability to objectively evaluate information gathered and effectively communicate those findings.

* Ability to establish and maintain effective working relationships with employees, clients and outside contacts

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.

Location: Hybrid/Waltham, MA Salary Range: $63,000 - $82,000

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $63,000 - $82,000. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate's skills, qualifications, and experience. In addition, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

Visa Sponsorship: Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.