Commercial Collateral Admin Analyst
Fifth Third Bank
- Cincinnati, OH
- Permanent
- Full-time
- Perform review of commercial collateral for modification, amendment and/or termination as requested by portfolio or relationship managers. Work with commercial line of business partners to determine appropriate courses of action related to commercial collateral for renewal or cross-collateralization.
- Work with the construction group to review and prepare partial releases as lots are sold.
- Prepare and review for accuracy electronically filed documents prior to submission to jurisdictions.
- Maintain safekeeping of all liquid collateral. Update the system with all new deposits and withdrawals.
- Work with in-house counsel in the preparation of letters of intent to accompany payoff quotes when requested.
- Release liens for all vehicle titles held electronically and prepare paper copies of releases when needed.
- Collect relevant information and process paperwork to facilitate lien placement. Review all incoming real-estate secured documentation from commercial post-closing prior to assisting in facilitation of filing with appropriate jurisdictions.
- Prepare additional releases of judgments, release of guarantors, and other documents that require a high level of initial review with SAG and other commercial partners.
- Review credit memos to determine appropriateness of release requests, substitutions of collateral, release of guarantors, and other collateral related issues.
- Monitor collateral release mailbox and CRM requests for release requests and customer service issues throughout the day.
- Determine appropriate individual(s) who have proper credit authority to release and make contact for approval.
- Update the commercial loan database to maintain its integrity regarding collateral information.
- Review and resolve collateral issues received from affiliate lines of business within departmental SLA.
- Update AFS and ACBS with collateral information as appropriate.
- Validates entity business status and legal name through research.
- Files new UCC’s, continuations, amendments and assignments as required. Reviews all necessary documentation prior to filing.
- Monitors the AFS tickler system to insure timely filing of continuation of UCC’s
- Identifies filing requirements for unique collateral such as equine, airplane engines, agriculture, assignment of contracts, assignment of membership interest and Purchase Money Security Interest.
- Compiles Excel, Mobius and Access reports.
- High school diploma or equivalent required. Associate or undergraduate degree preferred.
- Minimum of 3 years of commercial loan documentation experience required.
- Strong verbal and written communication skills.
- Strong Analytical skills.
- Navigation skills for Windows based products. Knowledge of PC based loan documentation systems and Bank mainframe systems (AFS, Excel, Outlook, etc.). Proficient with the various Commercial Loan systems, AFS, ACE, Filenet, etc. preferred.