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Collateral Monitoring Specialist

📁
Credit Administration
💼
Enterprise Services
📅
056492 Requisition #

Did you know that Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $70 billion? With local management teams at the helm in 11 western states, Zions is dedicated to making a difference in their local communities. At Zions, we haven’t forgotten who keeps us in business, meaning we’re committed to the success of our customers, and our employees. Here, the possibilities are endless – come for a job, stay for a career.

 

Zions Bancorporation, has just opened an opportunity for an Collateral Monitoring Specialist in our Asset Based Lending group.

 

Ideal candidates will have the skills and experience necessary to:

 

  • Responsible for reviewing and monitoring borrowing base certificates, A/R reconciliations, A/R aging's and inventory reports to determine eligible invoices.
  • Reviews, analyzes and determines the legitimacy and accuracy of customer's data.
  • Obtains additional information from customers and other banking departments on incomplete or unusual terms through telephone or written communications.
  • Reviews loan documentation and maintains customer accounts in an Asset Based Lending Software System.
  • Researches and resolves inquires and operational issues.
  • Processes accounts receivable and inventory collateral transactions, including loan payments and advances.
  • Maintains collateral and determines collateral eligibility for advances.
  • Reviews accounts to help detect potential fraudulent activity.
  • Reconciles Demand Deposit Accounts to the collections reported by the borrower.
  • Verify amounts eligible to borrow and the amounts needed in reserve are correct.\
  • Monitor certificates to accurately determine the advance amounts on any loan and report any over advances.
  • Verify differences and send deficiencies to Loan Officers.
  • Posts information to the system, checks against Bancs and submits reports to the Portfolio/Relationship Managers.
  • Analyze aging's for trends and potential fraud.
  • Review loan documents for to verify all information is complete.
  • Prepare reports, letters and contact clients on delinquencies.
  • Verify A/R invoices and follow up on discrepancies.
  • Responsible to transfer funds to the client accounts.
  • May post payments, advances and A/R balances to the systems.
  • Other duties as assigned.

 

Qualifications:

 

  • Requires a High School diploma or Equivalent
  • 1+ years accounting, accounts receivable and reconciliations, banking, asset based lending processes, borrowing based certificates or other directly related experience.
  • A combination of education and experience may meet job requirements.
  • Proficient knowledge of banking or asset based lending processes, accounts receivables, payable aging's and balancing principles.
  • Ability to prepare accounting reports.
  • Strong organizational, analysis and balancing skills.
  • Excellent attention to detail skills and ability to multi-task.
  • Strong problem resolution skills.
  • Ability to meet deadlines.
  • Advanced working knowledge of computer software including; Excel, Word, PowerPoint, Access

To review our Benefits Summary click here.

 

Zions Bancorporation and its affiliates and divisions (“Zions”) is an equal opportunity employer which prohibits all forms of discrimination and harassment. Zions is committed to the principle of equal employment opportunity for all employees and employment candidates and to providing a work environment free of discrimination and harassment. All employment decisions at Zions are based on business needs, job requirements and individual qualifications, without regard to race, color, religion, ethnicity, sex, sexual orientation, gender identification, age, national origin, pregnancy, veteran status, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Zions will not tolerate discrimination or harassment based on any of these characteristics. Zions encourages applicants of all ages.

 

It is Zions’ policy not to discriminate because of a person’s relationship or association with a protected veteran. This includes spouses and other family members. Also, Zions will safeguard the fair and equitable treatment of protected veteran spouses and family members with regard to all employment actions and prohibit harassment of applicants and employees because of their relationship or association with a protected veteran.

 

Applicants Requesting Accommodations: If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access our career site.  You can request reasonable accommodations by contacting us at careers@zionsbancorp.com or 801/844-7628.  Please email your resume/cover letter, indicate what position you are interested in and include "Accommodation needed" in the subject line to ensure your information is routed to the appropriate contact.

 

Click here to view our EEO Statement.

 

Click here to view applicable Federal, State and/or local employment law posters.

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Zions Bank a division of Zions Bancorporation, N.A. Member FDIC