Collateral Jobs in Illinois (NOW HIRING)

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Asset Based Loans Collateral Analyst is responsible for ensuring the integrity of collateral and loan information for an assigned portfolio of Asset Based loans. Responsibilities include review, analysis and reconciliation of borrowing base certificates and supporting documentation; processing of advances, collections and collateral updates, calculation of ineligible collateral, daily communication with borrowers and internal operational units, participation settlements with Agents, follow up and resolution of past due items and reporting delinquencies. Portfolio of accounts will include direct loans, bought participations and ABL-light loans. Position will serve as a backup for other Analysts. Utilization and review of a variety of systems and reporting tools are required in support of the above mentioned tasks. A high level of initiative, accountability and accuracy in all tasks is required.

This position has no direct reports.

Salary Range

The salary range for this position is $62,300 - $122,400 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Duties and Responsibilites
* Track and review customer prepared reporting; perform required analysis including availability calculation and preparation of advance requests in accordance with ABL policies and controls.
* Prepare timely and accurate accounts receivable and ineligible calculations and comparisons.
* Reconcile Stucky loan, interest and fee calculations to Bank's systems.
* Prepare and review monthly interest statements; process interest/fee charges for participation loans.
* Assist in monitoring portfolio risk exposure by identifying and escalating reporting exceptions/suspicious or inconsistent activities to Credit and Operations Managers.
* Prepare, maintain and update Account Servicing Guides.
* Review collateral field examinations and implement recommended changes.
* Work with Credit and Operations Manager to ensure proper documentation of loans as well as recurring documentation including insurance certificates, invoices, vehicle titles and compliance certificates; maintain and distribute Stucky tickler information.
* Work with Treasury Management to ensure proper setup and servicing of cash collateral, operating and lockbox accounts; monitor DDA's for suspicious or overdraft activity.
* Participate in all required training sessions for compliance.

Skills and Qualifications:
* Bachelor's Degree in Business preferred or two years of college plus equivalent experience of 1-4 years of commercial lending experience, preferably asset based lending, in a bank environment.
* Experience with the Stucky System or similar collateral monitoring software a plus.
* Familiarity with commercial loan and deposit systems.
* Understanding of commercial loan documentation.
* Strong customer service skills; ability to deal with internal and external customers.
* Strong interpersonal and written and oral communication skills.
* Good organizational and multi-tasking skills with the ability to work in a past paced environment.
* Proficient in Microsoft Office programs.
* Position may require the need to travel to other branch, meeting or customer locations

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!