Asset-Based Lending Loan Operations Specialist
T
Technology Credit UnionAsset-based lending
United States, 6:30am – 3:30pm, Pacific time, M-F.Full-TimeMiddle
SalarySalary Range: minimum-$83,500, midpoint-$99,000, maximum-$114,500. Bonus Potential: Target 10% of base salary based on company and individual performance.
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Job Details
- Experience
- 3+ years’ experience in related disciplines, including loan processing and documentation.
- Required Skills
- Analytical Skills
Requirements
- Have a BA/BS degree in a business or STEM discipline, or equivalent work experience.
- Have 3+ years’ experience in related disciplines, including loan processing and documentation.
- Have a solid understanding of loan documentation and operational needs.
- Bring strong analytical and problem-resolution skills.
- Be organized and have strong verbal and written communication skills.
- Be aware of loan processing rules, regulations, policies, and procedures.
- Be able to navigate multiple software applications, including MS suite applications and financial spreading tools.
- Be able to work the stated schedule of 6:30am–3:30pm Pacific time, Monday through Friday, with occasional overtime, extended hours, or weekends.
Responsibilities
- Coordinate required collateral support for daily advances and initial loan funding.
- Assist Relationship Managers with executing ABL documentation requirements.
- Process loan collections daily and apply collections to the loan collateral base.
- Assist with debtor searches, collateral reconciliations, and periodic verifications under ABL policies and standards.
- Assist in managing ABL policies and standards.
- Prepare regular ABL loan reports as requested by Tech CU and Tech Capital.
- Set up e-file storage for ABL loans and maintain required legal documentation.
- Generate due diligence reports, including credit reports and Uniform Commercial Code (UCC) searches.
- Assist with timely collection of clients’ financial, collateral, and other borrower-level reporting.
- Assist with client audit schedules and documentation, and periodic receipt of insurance, UCC filing, suits, liens, and judgment reports.
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