Collateral Monitoring Specialist at Zions Bancorporation (Salt Lake City, UT)

| Salt Lake City, UT
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Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the "Best Banks to Work For" and as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets., We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.

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
  • 1-2+ 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
More Information on Zions Bancorporation
Zions Bancorporation operates in the Financial Services industry. The company is located in Salt Lake City, UT and Salt Lake City, UT. Zions Bancorporation was founded in 2022. It has 10001 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 22 open jobs at Zions Bancorporation, click here.
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