Commercial Collateral Booking Analyst I
The Commercial Collateral Booking Analyst I analyze loan documents of a high degree of complexity, identify terms of the collateral to setup on the Commercial Loan Accounting system. The analysis must determine which collateral is securing which loans as collateral may cross over to secure several different loans.
•Analyze loan documents of various complexity levels, to identify terms of the collateral securing the loan.
•Independently analyze loan transactions for proper system processing, completeness of information, and verify that documentation meets Comerica's credit policy and department procedures.
•Utilize 10 different systems (Mainframes, Web, Imaging systems, Applications, etc.) to complete analysis and booking of transactions.
•Understand new and existing loan terms to understand collateral structure for setting up collateral on the loan or across multiple loans.
•Maintains and set up collateral using the AFS system, while meeting production standards with a very high degree of accuracy.
•Handle different loan types that requires utilizing multiple systems to view and research documents to determine correct loan data to setup.
•Collaborates to resolve documentation exceptions as needed to ensure accuracy of loan.
•Contact for interaction with team members for processing questions, disputes and resolution of documentation and booking exceptions.
•Represent as SME on minor projects for booking collateral.
•Assist with cross training of team and training of new employees.
•Assist with developing and revising departmental procedures.
•High School Diploma or GED
•Accounting course or two years of experience in Financial Services or Lending Operations
•2 years banking, accounts payable or accounts receivable experience
•1 year of commercial lending documentation experience
•1year of customer service experience
•1 year of experience with PC based mainframe systems, loan accounting systems, and Microsoft productsLivonia Operations Center8:00am - 5:00pm Monday - Friday
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.