Job Description
Cambridge Savings Bank is a full-service banking institution committed to improving the quality of life for its employees and customers. The ABL Loan and Collateral Analyst will provide analysis and communication with asset-based loan borrowers, focusing on collateral updates and managing assigned portfolios under the guidance of senior staff. Responsibilities Provide all necessary analysis, posting, monitoring of and communication with asset-based loan borrowers regarding daily and monthly processing of collateral updates/Borrowing Base Certificates (BBC) Become efficient, via in depth training, working with our collateral monitoring system (ABLSoft) Perform daily activities of Loan Servicing using the ABLSoft system including but not limited to: recording and processing of loan advances, payments, payoffs, new loan set-ups, performing new client orientation sessions of ABLSoft system, and participation settlements Interface with core banking system (Fiserv DNA) and bank partners including Loan Servicing, Wire Service Team, Loan Administrations and accounting staff as applicable Perform daily bank reconciliations between DNA and ABLSoft and monitoring RPA automated sweeps from respective borrower to the loan system timely, as well as collateral reductions Perform daily and weekly collateral analysis of accounts receivable aging, inventory, equipment or any other collateral asset pledged on BBC’s Review all Borrowing Base Certificates, ensuring accurate posting of all collateral information (inventory, accounts receivable, etc.) into the ABLSoft system Process in accurate AR & Inventory ineligibles, etc. to ABLSoft and DAR as well as informing Borrower(s) Compare ABLSoft results to borrower’s prepared BBC and revise accordingly after necessary review and approval Responsible to set-up and/or modifying every ABL commercial loan on ABLSoft/DAR Ensure the timely receipt of all required information and documents related to borrowing base and collateral reporting such as AR & AP Agings, Inventory reports and other related collateral documents as required Create and maintain certain internal monitoring and management reports including the Daily Activity Report (DAR) by account End of day reconciliation procedures to ensure ABLSoft, DAR and DNA reconcile with respect to loan balances and availability Responsible for servicing borrower requests and monitoring daily aspects of the borrower’s conduct and reporting changes in the borrower’s personnel, reporting or behavior Assist with month-end fees & interest notification procedures Maintain files of ABL department, which may include uploading ABL client related documents to the banks OnBase system as required Skills Bachelor's degree from a four-year college or university required Preference for Accounting/Finance major In-depth knowledge of wire transfers processes and regulatory requirements (BSA, AML, OFAC) 0-2 years' experience in a commercial financial services firm/ banking organization with emphasis on analysis and borrower servicing; or equivalent combination of education and experience Strong MS skills, particularly Excel, for reconciliation and reporting Ability to utilize software packages including accounting software, MS Office and other financial software packages Strong working knowledge of Microsoft Excel, Word and Teams is required Skills must include the ability to utilize advanced formulas, tables and formatting, conditional formatting, advanced charting, and pivot tables Basic knowledge of financial analysis Personal skills must include: strong mathematical skills, pleasant and effective when solving problems with clients; accurate and well-organized while giving consistent attention to detail; works responsibly on own managing daily priorities; and positive attitude when working with others Skill in conflict resolution and ability to handle stressful situations Ability to manage multiple tasks concurrently and multiple deadlines Ability to maintain confidentiality Ability to objectively evaluate information gathered and effectively communicate those findings Ability to establish and maintain effective working relationships with employees, clients and outside contacts Ideally, the ABL LCA will have been formally credit trained (although this is not a requirement) Benefits Healthcare Parental planning Mental health benefits Performance bonus opportunities A 401(k) plan and match Flexible time off Others Company Overview Cambridge Savings Bank is a public bank serving both individuals and businesses. It is a sub-organization of Ivy Bank. It was founded in 1834, and is headquartered in Cambridge, Massachusetts, USA, with a workforce of 201-500 employees. Its website is