ABL Collateral Analyst II (US)

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$23.25 - $32.75 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

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Line of Business:

Personal & Commercial Banking

Job Description:

The ABL Collateral Analyst II is required to analyze collateral information (submitted by bank clients) to determine the eligibility and integrity of collateral values as they are used in the calculation of collateral/loan availability. The ABL Collateral Analyst II advances funds against pre-approved lines of credit based upon the timely and accurate analysis and updating of results from the analysts independent review and analysis of collateral information/values. This job provides highly specialized collateral analysis and monitoring support to the Commercial Bank and ABL credit teams, and to bank clients, for senior secured credit facilities The ABL Collateral Analyst II serves as a subject matter expert, on current asset collateral, providing regular and ongoing collateral/availability trend analysis, root cause analysis/due diligence, and exception analysis.

Depth & Scope:
Analysis:

• Applies analytical tests and analyzes Foreign Credit Insurance limits, EXIM working capital program specifications, LC terms and applicability, multiple aging considerations, and the application of caps and/or reserves
• Identifies trends in reporting, collateral analysis results or availability, performs due diligence/root cause analysis/ investigation, demonstrates sound critical thinking skills, and escalates facts to the Operations Supervisor/Manager to determine appropriate action

Monitoring:

• Tracks and gathers required collateral information
• Tracks and analyzes collateral availability and Customer trends and prepares management reports according to established department policies and procedures and legal/regulatory guidelines
• Prompts identification of over-advance situations or collateral discrepancies and escalates appropriately for prompt and accurate resolution

Reporting & Remediation:

• Recommends and implements the appropriate strategy to address collateral issues; Performs the required research, investigation and prepares reports/communications relating to collateral issues/position, identifies resolution options and required course of action; Obtains the necessary guidance and approvals from Operations management and credit team members
• Communicates clearly and effectively the key results and highlights of the analyses, and important status relating to collateral exceptions, BBC discrepancies, and over-advance status to credit team members and Operations management
• Formulates a clear, concise, yet comprehensive presentation of facts surrounding collateral exceptions/issues toward a timely resolution objective
• Provides Customers with results of analysis, account information as requested and ability to determine the appropriate next steps in identifying root cause; Completes proactive research, through Field Exams, prior analyses, RM/client inquiry, as appropriate, and resolving any discrepancies and/or disputes

Other:

• Refers and validates key loan and collateral terms against important source documentation including the loan agreement, field examination documentation, internal credit approval documentation, and underwriting/credit policy references
• Develops Excel macros/formulas and models; Utilizes Monarch software in the development, and maintenance of collateral analysis models, leveraging experience gained in collateral analysis; Develops/constructs a Borrowing Base Report template specific to particular loan/collateral structures
• Works more autonomously, requiring less supervision, and exhibiting leadership qualities in terms of providing guidance to junior team members
• May accompany the Operations Supervisor and Credit Team on on-site Customer visits to review collateral monitoring/transaction protocols, reporting, collateral analysis/calculation activities

Experie