Monitoring Manager, Asset- Lending

Our client, a well-established commercial bank with a growing Asset-Based Lending platform, is looking for an ABL Monitoring Manager to lead their collateral monitoring function. This is a newly available, high-visibility role reporting into the Credit Department, with direct exposure to senior Credit and Corporate Banking leadership.

• Oversee the receipt, review, and reconciliation of Borrowing Base Certificates, accounts receivable and accounts payable agings, and inventory reports.
• Review and approve daily/weekly funding requests, ensuring advances are supported by eligible collateral and fall within approved advance rates and credit limits.
• Continuously monitor and calculate ineligible collateral (cross-aging, contra accounts, foreign receivables, obsolete inventory, etc.) per governing loan agreements.
• Identify, report, and manage over advance situations in partnership with relationship managers and senior credit staff.

• Schedule and coordinate recurring third-party field examinations and inventory/equipment appraisals per policy frequency.
• Review field exam reports and appraisals to identify key findings, negative trends, or reporting discrepancies.
• Adjust borrowing base formulas, advance rates, and collateral reserves based on field exam findings.

• Supervise, train, and develop a team of ABL Monitoring Specialists.
• Manage daily team workflow to ensure BBCs are processed and funding requests executed promptly while maintaining excellent client service.
• Serve as primary administrator for the bank's ABL collateral tracking system, ensuring data integrity and system optimization.
• Track borrower trends (dilution rates, monthly sales/collections, ineligible collateral, etc.) and elevate material changes or red flags to Credit and Corporate Banking leadership.
• Prepare monthly portfolio monitoring reports highlighting high-risk accounts for Credit and Corporate Banking management.

• Provide historical collateral performance data and operational insights to Credit Underwriters and Portfolio Managers during renewals and loan modifications.
• Communicate directly with borrowers' accounting/finance teams to resolve reporting discrepancies, missing documentation, or BBC calculation errors.

• Bachelor's degree in Accounting, Finance, Business Administration, or related field (strong accounting background strongly preferred).
• 5–7+ years of experience in asset-based lending operations, collateral monitoring, field exams, or loan administration.
• 2+ years of supervisory or team lead experience.
• Deep 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 skills reviewing and dissecting accounts receivable and inventory agings.
• Experience with ABL monitoring software and advanced Excel (VLOOKUPs, pivot tables, complex formulas).