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Collateral Manager Jobs in Itasca, IL (NOW HIRING)

eTeam

CDO Portfolio Administrator

Chicago, IL · On-site

... the Collateral Manager. The CDO Portfolio Administrator is responsible for reconciling our cash projections and par holdings to the Trustee's and identifying, researching, and resolving any ...

Old National Bank

ABL Collateral Analyst II

Chicago, IL

$62K - $122K/yr

... Managers. • Prepare, maintain and update Account Servicing Guides. • Review collateral field examinations and implement recommended changes. • Work with Credit and Operations Manager to ensure ...

Old National Bank

ABL Collateral Analyst II

Chicago, IL · On-site

$62K - $122K/yr

... Managers. • Prepare, maintain and update Account Servicing Guides. • Review collateral field examinations and implement recommended changes. • Work with Credit and Operations Manager to ensure ...

BC Forward

CDO Portfolio Administrator

Chicago, IL · On-site

$15 - $19/hr

The CLO Middle Office team shadows CLO portfolios on behalf of the Collateral Manager. The CDO Portfolio Administrator will reconcile daily cash projections and par holdings to Trustee records and ...

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

Key Responsibilities Margin and Collateral Management * Manage the daily calculation, issuance, and settlement of margin calls. * Ensure the accurate and timely management of collateral, including ...

Wintrust

Senior Marketing & Collateral Specialist

Rosemont, IL · On-site

$78K - $97K/yr

Guide and advise fellow employees in both the creative process and client management to foster ... event collateral, monitoring industry trends to contribute fresh ideas for creative execution and ...

Servbank

Commercial Loan Closing Officer

Oswego, IL · On-site

$72K - $84K/yr

Knowledge of UCC filings, lien perfection, title review, and collateral management. Skills & Competencies * Excellent verbal and written communication skills. * Strong organizational and time ...

Legalist

Content Marketing Manager

Chicago, IL · On-site

Ensure consistent messaging and visual identity across client-facing presentations and digital collateral * Manage relationships with designers, PR partners, and other external parties * Seek out ...

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All JobsCollateral JobsCollateral Manager JobsCollateral Manager Jobs in Itasca, IL

Collateral Manager information

See Itasca, IL salary details

$26.8K

$79.5K

$133.9K

How much do collateral manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for collateral manager in Itasca, IL is $79,525.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,700.00 and $113,400.00 per year, depending on experience, location, and employer.

What does a collateral manager do?

A Collateral Manager is responsible for overseeing the management, monitoring, and optimization of collateral used in financial transactions, such as loans, derivatives, and securities lending. Their main duties include ensuring that sufficient collateral is available to mitigate credit risk, managing margin calls, and ensuring compliance with regulatory requirements. They also work closely with trading, risk, and operations teams to ensure the smooth and efficient handling of collateral across various transactions.

What are some common challenges faced by collateral managers and how can they be effectively managed?

Collateral Managers often encounter challenges such as managing tight deadlines, ensuring accurate valuation of assets, and keeping up with regulatory changes. Effective organization and strong attention to detail are essential to handle daily reconciliations and exception management. Collaborating closely with trading desks, risk teams, and external counterparties helps resolve discrepancies quickly and maintain compliance. Continuous professional development and staying updated on industry regulations also play a key role in overcoming these challenges.

What are the key skills and qualifications needed to thrive as a collateral manager, and why are they important?

To thrive as a Collateral Manager, you need strong analytical skills, attention to detail, and a solid understanding of financial markets and risk management, usually backed by a degree in finance, economics, or a related field. Familiarity with collateral management systems, settlement platforms, and regulatory tools such as TriOptima or AcadiaSoft, as well as relevant certifications like CFA or FRM, is often required. Excellent communication, organizational skills, and the ability to work under pressure are valuable soft skills in this role. These competencies ensure effective risk mitigation, regulatory compliance, and smooth operations in managing collateral for financial transactions.

What is the difference between Collateral Manager vs Credit Analyst?

AspectCollateral ManagerCredit Analyst
Primary RoleManages and monitors collateral assets to mitigate risk in lendingAssesses creditworthiness of borrowers and analyzes financial data
Required CredentialsTypically requires finance, banking, or related certifications; experience in asset managementOften requires finance, accounting, or related certifications; strong analytical skills
Work EnvironmentFinancial institutions, banks, asset management firmsBanks, lending institutions, credit agencies
Industry UsageCommonly used in lending, asset-backed securities, and risk managementUsed in credit risk assessment, loan approval, and financial analysis

The main difference is that Collateral Managers focus on managing collateral assets to reduce risk, while Credit Analysts evaluate the creditworthiness of borrowers. Both roles require financial expertise and are integral to lending and risk management in financial institutions.

What job categories do people searching Collateral Manager jobs in Itasca, IL look for?

The top searched job categories for Collateral Manager jobs in Itasca, IL are:

What cities near Itasca, IL are hiring for Collateral Manager jobs?

Cities near Itasca, IL with the most Collateral Manager job openings:

Collateral Manager jobs near you
Infographic showing various Collateral Manager job openings in Itasca, IL as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $79,525 per year, or $38.2 per hour.

Loan Operations Commercial Loans Collateral Specialist

Lakeside Bank

Oak Brook, IL

$47K - $79K/yr

Full-time

Medical, Dental, Vision, Life

Posted yesterday

New

Job description

Position: Loan Operations Commercial Loans Collateral Specialist
Grade: 10
Department: Loan Operations – Oak Brook Ops Center
Reports To: AVP – Loan Operations Collateral Services Group Lead
Lakeside Bank is seeking a detail-oriented and highly motivated Commercial Loan Collateral Services Specialist to join our Loan Operations team. The ideal candidate will be a self-starter who can work independently with limited supervision while maintaining a high degree of accuracy and professionalism. This position is responsible for protecting the Bank's collateral position by tracking and obtaining trailing collateral documentation, filing and monitoring UCC and mortgage liens, processing lien releases, maintaining collateral records, and ensuring the overall quality and integrity of the commercial loan portfolio. The Specialist will work closely with lending, documentation, loan servicing, compliance, and audit teams to ensure proper lien perfection, regulatory compliance, and adherence to bank policies and procedures. The successful candidate will possess strong analytical and organizational skills, a commitment to accuracy, and a thorough understanding of commercial lending collateral requirements.
Essential Duties and Responsibilities
Collateral Management and Lien Perfection
  • Review boarded commercial loan packages and collateral documentation to ensure the Bank's security interest is properly perfected and in compliance with established policies and procedures.
  • Audit loan files to verify proper lien position and identify missing or deficient collateral documentation.
  • Order, prepare, file, and track UCC Financing Statements, continuations, amendments, terminations, mortgages, assignments, modifications, and other collateral-related documents through approved vendors and governmental agencies.
  • Track and obtain trailing collateral documentation and maintain accurate collateral records.
  • Ensure proper filing and recording of collateral documents for loans closed without title company involvement.
  • Monitor lien expiration dates and take appropriate action to maintain perfected security interests.
Exception Tracking and Portfolio Quality
  • Maintain collateral exception reports and proactively work with lending and loan operations teams to obtain missing documentation and resolve outstanding exceptions.
  • Perform periodic collateral reconciliations between loan systems, collateral records, and supporting documentation.
  • Conduct file audits and research collateral discrepancies and system outages.
  • Remain current on documentation requirements, lien perfection standards, and regulatory requirements to maintain portfolio quality and mitigate risk.
Loan Payoffs and Collateral Releases
  • Research commercial loan relationships to determine collateral securing paid loans and verify cross-collateralization requirements.
  • Prepare full and partial payoff letters and calculate release requirements.
  • Process paid loans and prepare collateral release packages, including mortgage releases, UCC terminations, and other satisfaction documents.
  • Coordinate delivery of release documentation to customers, attorneys, title companies, and recording agencies.
Asset Monitoring and Loan Administration Support
  • Monitor Asset-Based Lending (ABL) reporting requirements, including Borrowing Base Certificates and Accounts Receivable Aging reports.
  • Track insurance coverage requirements, monitor insurance exceptions, and assist with force-place insurance processes when necessary.
  • Monitor flood insurance requirements and related documentation.
  • Assist with the monitoring of real estate tax payments and input tax information into third-party tax service systems.
  • Monitor Letters of Credit, expiration dates, and required amendments to ensure timely customer notification and processing.
Reporting, Compliance, and Audit Support
  • Prepare monthly, quarterly Loan Operations and collateral management reports.
  • Assist with appraisal invoice processing and related general ledger balancing activities.
  • Respond to internal inquiries and perform research to support timely customer service and issue resolution.
  • Assist internal auditors, external auditors, and regulatory examiners by gathering requested documentation and providing research support.
  • Support the development, implementation, and maintenance of collateral management processes and procedures to ensure compliance with regulatory requirements and industry best practices.
Additional Responsibilities
  • Participate in departmental projects, system implementations, and process improvement initiatives.
  • Cross-train within Loan Operations to provide operational support and business continuity.
  • Perform other duties and special projects as assigned.
Qualifications: Candidates for the position must possess a minimum of three years’ experience in Loan Operations/collateral services. Working knowledge of commercial loan documentation, lien perfection requirements, UCC filings, mortgage recordings, and collateral release procedures preferred. Strong understanding of commercial lending practices and collateral administration. Candidate should be detail oriented and possess strong computer skills including a comprehensive knowledge of Microsoft Excel. Team oriented, readily shares information with peers and managers; can teach others; willing to assist wherever needed; works toward team success and goals. Ability to work independently and to prioritize multiple tasks and meet deadlines in a fast paced environment. Lastly, candidates need to have excellent written and verbal communication skills, good figure aptitude and an excellent attendance record.
Benefit Information
Lakeside Bank offers a wide variety of benefit programs for our employees. We offer three Blue Cross Blue Shield medical plans: two PPO plans and one HMO plan. Our PPO dental plans are offered through Principal. The Bank subsidizes a large percentage of the monthly premiums. We also offer vision insurance through Principal VSP. Employees are able to select from single coverage, employee and spouse coverage, employee and child(ren) coverage, or family coverage levels.
The Bank provides Life/AD amp;D, short-term disability, and long-term disability insurance at no cost to the employee. We offer a variety of supplemental ancillary products, such as supplemental life insurance for employees, spouses, and/or children, accident insurance, critical illness insurance, hospital indemnity insurance, and pet insurance. Additional information on each plan can be provided upon request.
Salary Information
This is a non-exempt position. Compensation will be based on background and level of experience. The compensation range is $47,840–$79,040 based on experience.
Lakeside Bank Equal Employment Opportunity Policy:
Lakeside Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Note: This job description is not intended to be all-inclusive. Employees may perform other related duties as assigned to meet the ongoing needs of the organization.

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