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Collateral Specialist Jobs (NOW HIRING)

The Collateral Perfection Specialist is responsible for performance of support duties related to collateral perfection for consumer and commercial loans. These tasks include necessary processes to ...

The Collateral Perfection Specialist is responsible for performance of support duties related to collateral perfection for consumer and commercial loans. These tasks include necessary processes to ...

We are seeking a Collateral Records Specialist to join our Farm Credit family! This position assist in coordination and maintenance of the Association's collateral records process and is responsible ...

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Collateral Specialist information

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How much do collateral specialist jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for collateral specialist in the United States is $28.70, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $38.46 per hour, depending on experience, location, and employer.

What is a collateral specialist?

Collateral Specialists are financial professionals responsible for managing and monitoring collateral used to secure loans or credit lines, typically in banks or lending institutions. Their duties include evaluating the value of collateral, ensuring proper documentation, tracking collateral status, and minimizing risk for the lender. They work closely with loan officers, customers, and appraisers to verify that all collateral requirements are met and maintained throughout the loan lifecycle. By doing so, they help protect the financial institution from potential losses due to loan defaults.

What does a collateral specialist do?

A collateral specialist works with loan documents and helps recover collateral. As a collateral specialist, your job duties include communicating with banks and clients, verifying policies, and assisting with the collateral recovery process. The career requires a background in mortgages and lending. Although some employers in this field prefer work experience over a formal education, many collateral specialists earn an associate or bachelor’s degree in a related subject. You may also pursue professional certification to demonstrate your expertise and gain a competitive edge. Additional qualifications include strong analytical, research, and organizational skills.

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

To thrive as a Collateral Specialist, you need strong analytical skills, attention to detail, and a solid understanding of loan documentation and collateral evaluation, often supported by a degree in finance, business, or a related field. Familiarity with loan management systems, document tracking software, and regulatory compliance tools is typically required. Exceptional organizational skills, effective communication, and the ability to manage multiple priorities make someone stand out in this role. These skills are crucial for ensuring the accuracy, compliance, and efficiency of collateral processes that support sound lending practices.

What are some common challenges faced by collateral specialists, and how can they effectively manage them?

Collateral Specialists often encounter challenges such as tight deadlines for documentation, ensuring compliance with regulatory standards, and managing large volumes of paperwork. These tasks require strong organizational skills and attention to detail, as errors can delay transactions or increase risk for the organization. Effective Collateral Specialists regularly communicate with loan officers, underwriters, and clients to clarify requirements, and they use document management systems to streamline processes. Staying current with industry regulations and investing time in professional development can also help manage these challenges successfully.

What cities are hiring for Collateral Specialist jobs?

Cities with the most Collateral Specialist job openings:

What are the most commonly searched types of Collateral Specialist jobs?

The most popular types of Collateral Specialist jobs are:

What states have the most Collateral Specialist jobs?

States with the most job openings for Collateral Specialist jobs include:

Infographic showing various Collateral Specialist job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 12% Part Time, and 2% Contract. Highlights an 79% Physical, 2% Hybrid, and 19% Remote job distribution, with an average salary of $59,693 per year, or $28.7 per hour.

Commercial Collateral Specialist I

First Citizens Bank

Portsmouth, NH • Hybrid

Full-time

Re-posted 7 days ago


First Citizens Bank rating

7.4

Company rating: 7.4 out of 10

Based on 106 frontline employees who took The Breakroom Quiz

106th of 171 rated banks


Job description

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of our Portsmouth, NH office.

This position provides support to the Equipment Finance Collateral Monitoring Team. The Collateral Monitoring Team is responsible for ensuring that all assets are properly secured for the duration of the term. This position is expected to maintain a high level of attention to detail, analyze facts, and make sound decisions for the Bank.


Responsibilities
  • Business Proficiency - Develops a basic understanding of the diverse business lines that are supported by the Equipment Finance Collateral Monitoring Team.
  • Service & Support - This position will support the lien securitization efforts including but not limited to inbound outbound calls to both Customers and Sellers and Identifies opportunities for process improvement and may participate in the implementation of those ideas.
  • Reporting - Assists in gathering specific data points and information for the purpose of producing weekly and monthly reports.
  • Compliance - Complies with all applicable federal, state, local and bank rules and regulations.

Qualifications

High School Diploma or GED and 1 years of experience in Customer Service

Additional Requirements:
Microsoft Word and Excel proficiency

Advanced attention to detail

Advanced written and verbal communication

Ability to thrive in a fast-paced environment
Positive attitude and team-oriented

Preferred Experience:

Retail and/or Hospitality experience

Documentation experience including but not limited to legal documentation

Servicing experience

Titling/Dealership experience

Banking and/or Finance industry experience

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Qualifications:

High School Diploma or GED and 1 years of experience in Customer Service

Additional Requirements:
Microsoft Word and Excel proficiency

Advanced attention to detail

Advanced written and verbal communication

Ability to thrive in a fast-paced environment
Positive attitude and team-oriented

Preferred Experience:

Retail and/or Hospitality experience

Documentation experience including but not limited to legal documentation

Servicing experience

Titling/Dealership experience

Banking and/or Finance industry experience

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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