Collateral Analyst

Benefit highlights: 11 Paid Holidays, 15+ days of PTO, 401k Matching, Health Benefits, and more! Under close supervision, performs post-closing review of loans for documentation requirements and cites exception items in collateral tracking system. Assists Loan Officers and Loan Assistants with documentation requirements and exception resolution. High School diploma, general education degree (GED), or equivalent required; Bachelor's degree in Business or related field preferred. 1 to 3 years office, clerical, and/or customer service experience required, preferably in a financial institution with a demonstrated understanding of bank practices/regulations. Excellent verbal, written and interpersonal communication skills. Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems. Excellent analytical, time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment. Must be self-motivated with strong attention to detail and high level of accountability. The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company. Performs post-closing review of loan documentation for discrepancies and deficiencies. This review includes but is not limited to execution of promissory notes, security agreements, and deeds of trust; collateral descriptions; lien positioning; county or state lien filings; titling requirements; flood requirements; inspections; compliance documentation; appraisals and appraisal reviews. Monitors and updates the Bank's collateral tracking system to include the accurate, complete, and current postings of all collateral and loan information for assigned accounts. Identifies and creates exception tracking items in collateral tracking system for collateral reporting deficiencies and discrepancies. Reviews organizational and entity documentation on loan borrowers and guarantors and creates exception tracking items in collateral tracking system. This review includes but is not limited to Articles of Incorporation, Certificates of Formation, Partnership Agreements, Borrowing Resolutions, Loan Agreements, and Guaranty Agreements. Assists lending staff with exception questions and in resolving outstanding exception items. Creates and maintains UCC lien filings on loan collateral with the Secretary of State or through CT Lien Solutions. Reviews lien search reports performed on loan collateral. Reviews and maintains current status of Certificates of Good Standing on corporate loan borrowers. Special projects as needed by management. On-going training with current staff.