GENERAL SUMMARY:

Under general supervision, monitors lines of credit in the bank’s Asset Based Lending (ABL) portfolio, analyze and process borrowing availability of accounts receivable including advance request submissions. Communicate with borrowers and notify lending team and borrowers the status of the borrowing bases. Ensure that lines of credit adhere to EagleBank policies and procedures. Alerts manager of any issues related to ABL portfolio.

MAJOR DUTIES AND RESPONSIBILITIES:

• Analyze and process Borrowing Bases: the collaterals such as AR, Inventory, Marketable Securities and other collaterals
• Process advances and payments against line of credit
• Review loan documents and sweep agreements, ensuring all proper loan approvals are present prior to line set up
• Interpret commercial loan agreements in order to set up new and modify existing ABL Monitored Lines of      Credit
• Communicate with Lending team and borrowers regarding status of borrowing base
• Communicate with Deposit Operations and Loan Servicing to reset of credit line limit
• Seek and clear exceptions in the monthly past dues in the ABL Report
• Initiate and manage the ordering of collateral audits
• Prepare monthly statistical management report as needed
• Review/edit existing procedures on processing & advancing ABL Lines for manager approval
• Scan borrowing base reports into bank scanning system on a weekly basis

REQUIRED EDUCATION/EXPERIENCE:

• High School Diploma
• 2 years of experience in a financial institution in commercial lending, lending operations or finance
• Associate’s or Bachelor’s Degree in accounting, business, finance or related field (preferred)
• Knowledge of basic accounting terminology
• General working knowledge of MS Office; intermediate level excel
• General knowledge of using office equipment such as scanner, printer and phone

We are an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or any other protected class.

Required Skills

Required Experience