ABL Operations Structure Admin

Job description

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GENERAL FUNCTION:

The ABL Operations Structure Admin is responsible for developing the structure of ABL and Commercial monitored credit agreements (new and amended) and inputting same into the collateral and loan monitoring system; processing, monitoring, and reconciling system interfaces between the ABL system and the bank’s core system, identifying and resolving issues.


The role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.

Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience.

While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.




ESSENTIAL DUTIES AND RESPONSIBILITIES:

+ Identifies all facility structure details from the loan documentation and credit approvals to be on-boarded to the Department’s collateral and loan monitoring system.

+ Reviews the draft loan documents and credit approvals to ensure that the loan documents agree with the approval.

Shares any discrepancies with the relationship officer and/or underwriter to ensure that the final documents allow the deal to function as anticipated within the system.

+ On-boards all structural components of the credit agreement to the Department’s collateral and loan monitoring system for new funding’s and amendments.

+ Identifies and resolves discrepancies between the Department’s system and the bank’s core system with regards to interest and fee accruals, amortization payments, commitment amounts, maturity dates, etc.

+ Collaborates with various bank personnel to maintain a cohesive, accurate and efficient flow of information with regards to new funding’s and amendments.

Escalates issues and ensures satisfactory resolution of all exceptions noted during the documentation review process.

+ Processes month-end updates of the Department’s collateral and loan monitoring system.

Generates accurate interest statements and interfaces files to post interest, fees, and amortization payments to the bank’s core system.

Monitors and escalates system irregularities to proper personnel and coordinates satisfactory fixes/resolutions.

+ Processes and reconciles daily system interfaces between the Department’s system and the bank’s system.

+ Completes daily reconciliations of outstanding note balances and interest accruals in the Department’s system to the bank’s system.

Identifies, reviews, and assists in resolving discrepancies.

+ Assists Collateral Analysts in reconciling client interest and fee issues.

Provides support in system structures and functionality to internal customers.

+ Other duties may be assigned.

+ Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management.

Required to successfully complete all required Compliance training.

+ Continuously supports the Bank’s Mission Statement and Core Values.

+ Maintain written department Policies and Procedures Manual.

+ Job has no direct supervisory responsibilities but will be asked to lead the work of others including, but not limited to, guiding, coaching, mentoring, and training newer/less experienced team members.

+ Participate in developing, testing, and implementing system enhancements for projects and efficiency gains.

+ Develop custom structures within Stucky (and potentially other applications) for complex deals where the systems basic functionality cannot accommodate the facility.

+ Maintain configuration mapping within the ABL Trend Card database


MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

+ Bachelor’s degree or equivalent from a four-year college or university in Accounting or related field with at least 2 accounting-related courses; and seven or more years of Loan Operations experience or equivalent combination of education and experience.

+ Seven or more years of Asset Based and Commercial Lending operations experience is preferred.

+ Ability to read, analyze, and interpret legal documents and credit approvals.

Ability to write business correspondence, and procedure manuals.

Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.



+ Ability to define problems, collect data, establish facts, and draw valid conclusions.

Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Ability to apply principles of logical or scientific

+ To perform this job successfully, an individual should have advanced knowledge of Excel spreadsheet software, and working knowledge of Word.

Experience with Stucky NT/ABL or similar collateral and loan monitoring system preferred.

Familiarity with commercial loan and deposit systems is also preferred.



+ A high level of proficiency, accuracy and performance in all tasks is required.



+ Knowledge and experience in reviewing and understanding loan documents and credit approvals

+ Self-motivated team player with a high level of initiative, accountability, adaptability and history of exceeding goals.



+ Strong oral and written communication skills.



+ Strong knowledge and understanding of Asset Based Lending products and loan structures.



+ Excellent reconciling, analytical, and problem solving skills.




All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made.

All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently.

This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements.

Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.





At Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits.




Benefits:

Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families.

Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness.

For additional details, please contact your recruiter.


Compensation:

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the US.

Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

ABL Operations Structure Admin


Total Base Pay Range 69,800.00 - 143,100.00 USD Annual


At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other.

Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.




The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.




Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.



LOCATION -- Virtual, Illinois 00000

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.

Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.

Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.




Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Required Skill Profession

Other General