We are looking for an Asset Based Lending Operations team leader to manage a team of approximately 4 Collateral Analysts, supporting the day to day operations of a diverse mix of commercial lending customers and loan types. The team's core responsibility is centered around analyzing and monitoring client's collateral to ensure the validity of assigned collateral in accordance with their loan agreement. The team provides support throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations. In addition to typical day to day activity, the team leader should be identifying and leading change initiatives, balancing workload and resources to ensure appropriate and adequate coverage, and leverage various mediums and reporting to provide transparency and communicate updates to leadership and key stakeholders.
Responsibilities:
Analyze and monitor client's collateral to ensure compliance with loan agreements and accurate ineligible calculations.
Prepare collateral reconciliation, and balance deposit accounts on a daily basis and work with clients and account executives to resolve discrepancies.
Review and analyze clients accounts receivable performance, identify ineligible collateral following prescribed guidelines and reconcile client's collateral balances.
Prepares summaries of client's accounts receivable.
Review and analyze client's inventory consignments and prepare reports on client's inventory activity.
Review reports and documentation submitted by clients on a daily basis.
Prepare necessary documentation to process client's daily payment and advance requests.
Input data on client accounts into the bank's loan accounting system via ECC Schedule module for tracking and trending purposes.
Leverage accounting systems to reconcile the loan balances to the collateral monitoring database and process transactions to manage dominion accounts.
Accountable for accurate and timely approvals of activity in accordance with policies and procedures.
Ongoing process and control review for effectiveness, gaps, and ongoing enhancements and updates based on evolving business needs, product offerings, and industry trends.
Work directly with customers to discuss and resolve any discrepancies in their collateral reporting.
Assist account executives with specialized product support such tax lien verifications and lender finance requirements.
Ensure collateral reporting and documentation is properly stored and maintained in alignment with document retention policies and procedures.
Facilitate training and support for onboarding new associates and creating a learning culture within the team.
Perform detailed reviews of associate work for accuracy and completeness prior to approving.
Lead or co-lead department projects related to process and automation improvements.
Other typical duties as assigned and in accordance with people leadership, performance management, team building and driving continuous improvement efforts
The candidate will have/be:
Strong organizational skills.
Effective prioritization and time management.
Independent and self motivated.
Detail Oriented.
Excellent verbal and written communication skills.
Excellent interpersonal skills.
Excellent customer service skills.
Strong analytical skills.
Work from Home Technology Requirements:
A secure home office environment that is free from background noise and distractions
A reliable private internet connection that is not supplied via cellular data or hotspot
A private network that is password protected where you have ownership or line of sight to every device on the network
Internet service must be provided by Cable or fiber Internet Service Provides (ISP)
Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions
ISP download speeds on VPN must be at least 5Mbps, with 10+ Mbps preferred
To validate ISP speeds from a Chrome browser, go to www.google.com, type Speed Test and run from the Google landing page
Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met
Capital One reserves the right to request proof of internet provider, speed and service package from the associate. Requirements are subject to change, as new systems and technology are delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice. Internet Service Provider specs can change by provider and location within the US. If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience.
Work from Home Living Requirements:
Candidates must live within approximately 50 miles of one of the hub locations based in 75024 and be comfortable coming in person whenever required with no less than 24 hours notice.
Basic Qualifications:
High School Diploma, GED or equivalent certification
At least 4 years experience in financial services or loan operations.
At least 1 year of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)
Preferred Qualifications:
Bachelor's degree or military experience
5+ years experience in Asset Based Lending or Collateral Analysis
1+ year of leadership experience
5+ years experience using loan accounting or collateral monitoring software, such as Advanced Commercial Banking System (ACBS).
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
#CommOps
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
