Sr. Operations Collateral Specialist
CIBC, Chicago, IL, United States
Senior Operations Collateral Specialist
The Senior Operations Collateral Specialist is responsible for monitoring and servicing a portfolio of clients while ensuring the successful delivery of a high standard of service while upholding compliance to internal controls and procedures within their functional responsibilities as assigned by the team. Key responsibilities include: Provide monitoring and administration of the Asset Based Lending ("ABL") portfolio and provide superior service to the clients. Monitor and input borrowing base certificates into the ABL collateral monitoring system. Validate and reconcile the borrowing base certificates to the supporting documentation provided by clients (A/R aging's, sales journals, credit memo journals, inventory reports) and to the ABL collateral monitoring system. Identify collateral trends, discrepancies, collateral risks and escalate these findings to the ABL Operations Manager and Relationship Manager to help resolve issues promptly. Track borrowing availability, ensure the accuracy of borrowing base certificate and the ABL collateral monitoring system calculations including but not limited to ineligibles, advance rates, credit line limits, loan payments and loan advances. Provide superior service to clients to assist with reporting questions and/or issues and past due reporting. Process loan advance requests, loan payments, and interest rate contracts after necessary approvals have been obtained. Follow established policies and procedures to maintain accurate records of loan advances, borrowing bases and supporting documentation, and approvals. Ensure that privacy and security of information policies are being met, and identifies and makes recommendations to improve the team's productivity, processes, tools and services. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $70,000 - $85,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members. CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com.
The Senior Operations Collateral Specialist is responsible for monitoring and servicing a portfolio of clients while ensuring the successful delivery of a high standard of service while upholding compliance to internal controls and procedures within their functional responsibilities as assigned by the team. Key responsibilities include: Provide monitoring and administration of the Asset Based Lending ("ABL") portfolio and provide superior service to the clients. Monitor and input borrowing base certificates into the ABL collateral monitoring system. Validate and reconcile the borrowing base certificates to the supporting documentation provided by clients (A/R aging's, sales journals, credit memo journals, inventory reports) and to the ABL collateral monitoring system. Identify collateral trends, discrepancies, collateral risks and escalate these findings to the ABL Operations Manager and Relationship Manager to help resolve issues promptly. Track borrowing availability, ensure the accuracy of borrowing base certificate and the ABL collateral monitoring system calculations including but not limited to ineligibles, advance rates, credit line limits, loan payments and loan advances. Provide superior service to clients to assist with reporting questions and/or issues and past due reporting. Process loan advance requests, loan payments, and interest rate contracts after necessary approvals have been obtained. Follow established policies and procedures to maintain accurate records of loan advances, borrowing bases and supporting documentation, and approvals. Ensure that privacy and security of information policies are being met, and identifies and makes recommendations to improve the team's productivity, processes, tools and services. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $70,000 - $85,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members. CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com.