At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.
Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.
ABS Collateral Associate - Houma, LA
The Collateral Associate is responsible for analyzing and monitoring a client's collateral to ensure the validity of assigned collateral. They will be responsible for preparing, monitoring and reconciling various reports. They will prepare collateral reconciliation and balance DDA accounts on a daily basis. The Collateral Associate will be responsible for working with clients and account executives to resolve any discrepancies.
Analyze and monitor client's collateral to ensure the validity of assigned collateral.
Calculate client's available collateral following established procedures.
Review and analyze client's accounts receivable performance, identify ineligible collateral following prescribed guidelines and reconcile client's collateral balances.
Prepares summaries of client's accounts receivable.
Review and analyze client's inventory consignments and prepare reports on client's inventory activity.
Review reports and documentation submitted by clients on a daily basis.
Prepare necessary documentation to process client's daily payment and advance requests.
Input data on client accounts into the bank's ACBS loan accounting system via ECC Schedule module for tracking and trending purposes.
Access the ACBS/ALS accounting systems to reconcile the loan balances to the collateral monitoring database.
Initiate book transfers through IMPACS/Emulator to clear exceptions in the dominion accounts.
Prepare monthly/quarterly verification letters. Send out second request letters if necessary. Follow up on any exceptions or non-responses. Prepare verification summary report with findings for account executive to review and approve.
Discuss and resolve any discrepancies in the collateral reports with the client.
Assist account executives with verification of tax liens and peer to peer funding.
Ensure all collateral reporting is scanned into DocView or sent to Iron Mountain for proper retention period.
Other duties as assigned.
High School Diploma, GED, or equivalent certification
Bachelor's Degree or Military Experience
Advanced skills in Microsoft Excel
At least 2 years of experience in a credit or lending environment
Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace.
All qualified applicants will receive consideration for employment without regard to gender, race, color, religion, national origin, sexual orientation, protected veteran status, or disability status.
Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; Newark, New Jersey Ordinance 12-1630; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.