Commercial Collateral Negotiable Spec.

Apply by eMail:15055547.185@jobfrenzy1.com

Description:
GENERAL FUNCTION: Audit negotiable instruments (stock certificates) and authorizing stock powers to ensure all required instruments have been received and executed properly. Update the commercial loan accounting system with collateral information and documentation exceptions as required. Correspond with lenders regarding inaccurate or missing documentation relating to the negotiable instruments pledged as collateral. Answer questions for commercial line of business regarding all aspects of negotiable collateral perfection requirements. DUTIES and RESPONSIBILITIES: * Process daily the stock certificate deposits and withdrawals in accordance with outlined procedures. * Maintain negotiable collateral in locked fireproof cabinets with deposits and withdrawals made under dual control. * Review stock powers to determine the signatures are an exact match to the owner of the stock as listed on the stock certificates. * Review credit approvals to determine the appropriate stock certificates and associated documentation required. * Update the commercial loan accounting system as necessary to maintain its integrity with regards to negotiable collateral information and documentation exceptions. * Audit existing stock portfolio over a rolling 24 months by reviewing file documentation, stock certificates, stock powers and system data to ensure consistency of information and proper tracking of missing or inaccurate documentation. * Communicate with lenders using oral and written skills regarding any issues identified in the audits performed. * Answer questions from internal customers, lending and, operations personnel regarding negotiable collateral documentation and exceptions. * As time allows, assist with other vault duties including: o Retrieving files and collateral documentation for internal customers requests. o Filing trailing documentation into collateral files. o Microfilming/scanning of promissory notes. o Preparing files to be sent to offsite storage. SUPERVISORY RESPONSIBILITIES: None

This job provides relocation assistance.

This job provides visa sponsorship.

Requirements:
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: * High School Diploma or Equivalent. * Prior customer service experience preferred. * Working knowledge of Windows based computer products and the ability to function on various bank computer applications (AFS, RAFT, etc.). * Knowledge of various collateral indicative screens on mainframe for the purpose of answering lender questions about documentation and exceptions. * Navigation skills on Microsoft Excel/Microsoft Word/Internet.

Education: High School

Experience: Not Specified

Travel: None

Apply by eMail:15055547.185@jobfrenzy1.com

Job Created: Tue Sep 01 2009 04:28:42 AM
Last Modified: Tue Sep 01 2009 04:28:42 AM