Collateral Analyst

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GENERAL FUNCTION:

Performs a wide range of duties related to the review of collateral, which includes assisting in the process before and after a loan funds. From UCC filings, amendments, and terminations to flood searches and collateral assignments of life insurance policies.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience while operating within the Bank’s risk appetite.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

·       Responsible for ensuring all loans are properly collateralized in accordance with the collateral structure outlined by the credit team.

·       Create and execute processes to drive 100% collateral accuracy (we can't have a single funded loan without perfected collateral).

·       Pull and interpret Lexis Nexis results on individuals and business entities.

·       Run lien searches as well as title searches to ensure awareness of all existing liens and potential cross-collateralization.

·       Determine flood zone for commercial real estate property.

·       File various types of UCC liens using LienSolutions.

·       Assign UCC-1 lien filings over to the proper bank partner post-funding.

·       Monitor all filings for our existing portfolio to make sure our lien positions are never compromised.

·       Execute collateral assignments of life insurance policies in a timely fashion.

·       Draft subordination agreements from templates.

·       Develop outstanding communication and trust with our team of closing officers and operations specialists.

·       Collaborate with our product and engineering teams to build clean, lightweight collateral management functionality into our loan origination software.

·       Manage expected service levels related to collateral decision and condition clearing.

SUPERVISORY RESPONSIBILITIES:

None.

MINIMUM KNOWLEDGE, SKILLS & ABILITIES REQUIRED:

·       High degree of attention to detail.

·       Demonstrated leadership skills.

·       Proven computer skills.

·       Demonstrated organizational skills.

·       Demonstrated teamwork and customer service skills.

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.