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Collateral Jobs (NOW HIRING)

Ship collateral files to end investor daily. * Confirm receipt of required collateral and track all outstanding files. * Review loan documentation for accuracy and completeness. * Identifying and ...

Ship collateral files to end investor daily. * Confirm receipt of required collateral and track all outstanding files. * Review loan documentation for accuracy and completeness. * Identifying and ...

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Collateral information

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$18

$28

$48

How much do collateral jobs pay per hour?

As of Jul 28, 2026, the average hourly pay for collateral 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 job?

A collateral job typically refers to a position that involves managing or handling collateral, such as assets used to secure loans or credit. These roles often require knowledge of finance, risk assessment, and sometimes the use of specialized software or tools. The job may involve verifying collateral, ensuring compliance, and maintaining accurate records.

What jobs pay 4000 a week without a degree?

Jobs related to collateral, such as high-level sales or real estate investing, can pay $4,000 or more weekly without requiring a degree, often relying on experience, sales skills, or licensing. Other high-paying roles like certain trades or entrepreneurial ventures may also reach this income level, but they typically require specialized skills or certifications rather than formal degrees.

What jobs make $1,000,000 a year?

In the field of collateral management, high-level roles such as senior executives or chief collateral officers in large financial institutions can earn close to or exceeding $1 million annually, especially with bonuses and incentives. These positions typically require extensive experience, advanced certifications, and leadership skills within banking, investment, or asset management environments.

What is the difference between Collateral vs Loan Officer?

AspectCollateralLoan Officer
Required CredentialsKnowledge of asset valuation, basic financial understandingLoan origination licenses, financial knowledge
Work EnvironmentFinancial institutions, collateral appraisal settingsBank branches, lending offices
Industry UsageUsed in lending to describe assets securing loansRole involves evaluating and approving loans

Collateral refers to assets pledged to secure a loan, ensuring repayment. A Loan Officer is responsible for evaluating loan applications, including assessing collateral. While collateral is a key component in lending, the Loan Officer manages the entire loan process, making these roles related but distinct.

What are some of the key challenges faced by professionals managing collateral in a financial institution?

Professionals managing collateral in financial institutions often deal with challenges such as ensuring the accurate valuation of assets, maintaining compliance with regulatory requirements, and managing counterparty risk. They must regularly monitor the quality and liquidity of collateral, especially in volatile markets, and coordinate closely with risk management, legal, and trading teams to address margin calls and prevent shortfalls. Effective communication and attention to detail are essential to navigate these complexities and protect the institution's interests.

What is a collateral position?

A collateral position in a job context refers to a role where the employee is responsible for managing or overseeing collateral assets, such as securities or property, used to secure loans or credit. This position often requires knowledge of financial instruments, risk assessment, and compliance with regulations to ensure proper handling of collateral assets.

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

To thrive as a Collateral Analyst, you need a solid understanding of finance, risk assessment, and asset valuation, typically backed by a degree in finance, accounting, or a related field. Familiarity with collateral management systems, financial modeling software, and sometimes certifications like CFA or FRM is valuable. Strong analytical thinking, attention to detail, and effective communication are critical soft skills for identifying risks and presenting findings to stakeholders. These competencies ensure accurate collateral evaluation and risk mitigation, which are vital for safeguarding an organization’s financial stability.

What are collateral specialists?

Collateral specialists are professionals responsible for managing and monitoring assets pledged as security for loans or other financial transactions. They ensure that all collateral documentation is accurate, complete, and compliant with regulatory and internal requirements. Collateral specialists work closely with lenders, borrowers, and other financial institutions to assess the value of collateral, track its status, and mitigate risks associated with lending. Their role is crucial in protecting the interests of lenders by reducing potential losses in case of borrower default.
More about Collateral jobs
What cities are hiring for Collateral jobs? Cities with the most Collateral job openings:
What are the most commonly searched types of Collateral jobs? The most popular types of Collateral jobs are:
What states have the most Collateral jobs? States with the most job openings for Collateral jobs include:
Infographic showing various Collateral job openings in the United States as of July 2026, with employment types broken down into 97% Full Time, 2% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $59,693 per year, or $28.7 per hour.
Collateral Management Specialist

$20.50 - $26.65/hr

Other

Posted 24 days ago


Old Second National Bank rating

6.7

Company rating: 6.7 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

136th of 170 rated banks


Job description

Move your career forward at Old Second.

Position Overview

The Collateral Management Specialist is responsible for the creation of loan/collateral files, uploading applicable documentation into the Bank's imaging system and follow up on post-closing related items, which includes obtaining liens on vehicle titles, recorded mortgages, final title policies, insurance follow-up, UCC portfolio management.  In addition, processing collateral releases in accordance with the paid loan process, preparing payoff letters and document retention.

Essential Job Functions

  • Indexes and scans loan documents into system.
  • Maintains organized physical files and records.
  • Insurance monitoring and tracking for insurance expirations.
  • Obtains the bank's lien on vehicle titles.
  • Monitors the UCC portfolio for pending expirations as well as resolves any exception related items encountered with filing exceptions.
  • Prepares Payoff Letters in accordance with Bank procedures and regulations.
  • Processes incoming Service Requests related to the Collateral Management Team.
  • Records Mortgages, as needed, for the Consumer/Residential Department.
  • Generates releases of collateral on paid loans in accordance with regulation and the paid loan process.
  • Provides release/paid documents to 3rd party mortgage servicing vendor.
  • Organizes and releases customer purchased tax certificates and floor plan titles.
  • Assists with document collection for loan support projects and audits.
  • Provide responses to Subpoena or Summons requests for loan documentation.
  • Responsible for complying with all Bank policies and Federal and State banking laws and regulations.  

Minimum Requirements

  • High School diploma or equivalent and one or more years' experience in consumer or commercial documentation, or related; or equivalent combination of education and experience.

Competencies

  • Knowledge of consumer and commercial compliance regulations.
  • Proficient with Microsoft Office (Excel, Word and Outlook).
  • Detail oriented with excellent organizational, analytical, and problem-solving skills.
  • Must be able to multi-task in a fast-paced environment.
  • Exceptional verbal and written communication skills.
  • Proven ability to work both independently and as a team member.

Preferences

  • Bachelor's degree a plus
  • Jack Henry, CT Lien, and Loan Vantage experience a plus.

Location Details

This position requires the incumbent to work onsite on a daily basis to perform the regular responsibilities of the role.


Compensation & Benefits

Base pay:  $20.50 - $26.65/hour 

Old Second is committed to fair and equitable pay practices.  Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience. 

Benefits:  How We Support You - Old Second


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