ABL Monitoring Manager

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Full-Time Exempt Miami, FL, US

Primary

Job Duties:

• Borrowing Base Management:
  Oversee the receipt, review, and reconciliation of Borrowing Base Certificates (BBCs), accounts receivable aging’s, accounts payable aging’s, and inventory reports.
• Advance Approvals:
  Review and approve daily or weekly funding requests, ensuring advances are supported by eligible collateral and fall within established advance rates and credit limits.
• Ineligibles Tracking:
  Continuously monitor and calculate ineligible collateral (e.g., cross-aging, contra accounts, foreign receivables, obsolete inventory) per the loan agreement.
• Overadvance Management:
  Immediately identify, report, and manage any overadvance situations, working with the relationship manager and senior credit staff to resolve them.
• Field Exams & Appraisals
• Audit Coordination:
  Schedule and coordinate recurring third-party field examinations and inventory/equipment appraisals based on the bank's policy frequencies.
• Report Review:
  Thoroughly review field exam reports and appraisals, identifying key findings, negative trends, or discrepancies in the borrower's reporting.
• Implementation:
  Adjust borrowing base formulas, advance rates, or collateral reserves based on the recommendations and findings of field exams.
• Team Leadership & Operations
• Staff Management:
  Supervise, train, and develop a team of ABL Monitoring Specialist.
• Workflow Optimization:
  Manage the daily workflow of the monitoring team to ensure BBCs are processed and funding requests are executed promptly, maintaining excellent client service.
• System Management:
  Serve as the primary administrator for the bank’s ABL collateral tracking software (e.g., Cync ABL), ensuring data integrity and system optimization.
• Trend Analysis:
  Track borrower trends (e.g., dilution rates, monthly sales and customer collections, ineligible collateral, etc.) and report material changes or red flags to the Credit Department and Corporate Banking Department.
• Portfolio Reporting:
  Prepare monthly portfolio monitoring reports for distribution to members of the Credit and Corporate Banking Management team, highlighting high-risk accounts.
• Cross-Functional Collaboration
• Underwriting Support:
  Provide historical collateral performance data and operational insights to Credit Underwriters and Portfolio Managers during annual renewals or loan modifications.
• Client Communication:
  Communicate directly with borrowers' accounting or finance departments to resolve reporting discrepancies, missing documentation, or BBC calculation errors.

Job Requirements:

• Education:
  
  Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. (A strong accounting background is heavily preferred for this role).
• Experience:
  
  5 to 7+ years of experience in asset-based lending operations, collateral monitoring, field exams, or loan administration.
• Leadership: 2+ years of supervisory or team lead experience.
• Exceptional understanding of ABL mechanics, Borrowing Base calculations, and collateral eligibility criteria.
• Ability to interpret complex credit agreements and translate legal terms into daily monitoring procedures.
• Strong proficiency in reviewing and dissecting Accounts Receivable and Inventory agings.
• Experience with specialized ABL monitoring software and advanced Microsoft Excel skills (vlookups, pivot tables, complex formulas).
• Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and the G Suite.
• Preferably bilingual:
  English, Spanish.
• Strong verbal and written communication skills, ability to communicate at all levels of the organization.
• Strong investigative mindset to detect irregularities or potential fraud in borrower reporting.
• Strong attention to detail and accuracy.
• Ability to thrive in a fast-paced environment where daily funding deadlines must be met.
• Ability to multi-task, with strong organization, time-management and prioritizing skills.
• Strong customer service skills, ensuring satisfaction of both…