Asset-Based Lending Loan Operations Specialist

Position Summary:

The Asset-Based Lending Loan Operations Specialist will be responsible for supporting the Tech Capital Asset-Based Lending (ABL) new business and loan portfolio management. This includes coordinating required collateral support for daily advances and initial loan funding. The incumbent will also prepare ABL specific loan reports as requested. The candidate will assist the Portfolio Manager in maintaining strong documentation management and oversight of the ABL process.

Essential Duties 

• Assists Relationship Manager’s with execution of the Asset Based Lending documentation requirement process.
• Leads the daily processing of loan collections and applying collections to the loan collateral base.
• Assists Relationship Manager’s with debtor searches, collateral reconciliations and processes periodic verifications consistent with ABL policies and standards.
• Attends to issues within the scope of the job as they occur or as directed by the Operations Manager.
• Assists in the daily management of ABL policies and standards.
• Assists with the preparation of regular ABL loan reporting as requested by Technology Credit Union (Tech CU) and Tech Capital.
• Sets up e-file storage for ABL loans and maintains required legal documentation. 
• Generates due diligence reports including credit reports, Uniform Commercial Code (UCC) searches, and other required reports on prospective clients, current clients and account debtors, as necessary.
• Assists with credit requirements, including assisting with the timely collection of clients’ financial, collateral and other Borrower level reporting.
• Assists Relationship Manager’s with periodic receipt of required reporting for insurance, UCC filings, suits, liens and judgements and other required reports.
• Assists with prospective and existing client audit schedule and associated documentation requirements. 

Work Schedule

• Full-time; typically, 40 hours/week.
• 6:30am – 3:30pm, Pacific time, M-F.
• Occasional overtime, extended early morning or late evening hours, and weekends; typically with advance notice.

Workplace Essentials                                                

• Supports Tech CU’s Mission and Vision and consistently demonstrates Tech CU’s Values (Accelerate, Collaborate, Innovate, & Cultivate).
• Meets with manager on a regular basis to discuss goal alignment, performance metrics, and development plans.
• Complies with Tech CU policies and procedures.
• Upholds employee Code of Conduct and Business Ethics and ensures confidentiality of the workplace.
• Complies with requirements imposed by federal, state and local regulatory agencies.
• Adheres to internal control and security measures designed to ensure regulatory compliance and mitigate losses and errors.

Education: BA/BS degree in a business or STEM discipline, or equivalent work experience.

Experience: 3+ years’ experience in related disciplines, including loan processing and documentation.

Knowledge/Skills/Abilities:

• Strong analytical and problem resolution skills.
• Solid understanding of loan documentation and operational needs.
• Strong organization, verbal and written communication skills.
• Awareness of loan processing rules, regulations, policies and procedures.
• Effective interpersonal skills.
• Ability to navigate multiple software applications; MS suite of applications, financial spreading tools.
• Ability to participate, sustain performance, and thrive on a high-energy team.

Licensing/Certifications:   None required.

Travel:   May be required to travel periodically to Tech CU locations and to client business sites.  May be required to periodically attend offsite training, meetings or events, typically with advance notice. Overnight travel unlikely.

Typical Working Conditions:  Office environment with interaction with a variety of internal and external parties. May work remotely as determined by business need and individual performance.

Equipment Used:  Routinely uses standard office equipment, including computer, phone, copier and other devices.

Physical Requirements:  

• Ability to sit 85% of the day.
• Reading a computer screen and perform keyboarding tasks for up to 65% of the day.
• Frequent speaking and listening to interact with team, management, vendors and authorities in person or via phone.
• Mobility to attend meetings within office building and offsite.

EQUAL EMPLOYMENT OPPORTUNITY

Technology Credit Union is an Equal Opportunity Employer. All qualified employees and applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression,  sexual orientation, national origin, genetic information, age, disability, veteran status or any other legally protected basis. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

This is a grade 105 position, with a salary range from $81,000 to $113,000 with bonus potential of 10%. The anticipated range for new hires is between the low-end and midpoint of the range, depending on experience. Tech CU is a pay-for performance organization that benchmarks base pay to the 50^th percentile of our market and we provide incentive-based compensation aligned with successful accomplishment of individual and corporate goals. The salary mentioned above is based on working in San Jose, CA. Salaries are based on the geographic location in which you live if working remotely.

Additionally, Tech CU provides health care benefits, life and disability insurance, 12 paid holidays and 401k with a company match; along with employee paid voluntary benefits. 7.08 Paid Time Off (PTO) hours accrue per bi-weekly paycheck (23 days per year) and will increase with length of service. Eight hours of Voluntary Time Off (VTO) are granted to full time employees annually to dedicate time to charitable organizations. Leaves of absences are available in adherence with state and federal regulations.