Collateral Services Business Specialist
The Collateral Services Business Specialist is responsible for activities which support the monitoring and reporting of the bank's collateral pledged to the commercial loan portfolio.
Please Note: This is a hybrid position (work from home and on site)
Position Competencies
Successful incumbents must possess good verbal and written communication skills; strong team player with the ability to work independently; demonstrated strong analytical skills, effective problem resolution with a continuous process improvement mindset; ability to multi-task and detail oriented.
Position Responsibilities:
Property tax tracking by tracking real estate taxes on property held as collateral to report delinquencies to lender and borrower as necessary.
Hazard insurance tracking by tracking required hazard, wind, earthquake and hurricane insurance policies, and reporting cancellations, expirations and delinquencies.
Risk management and quality review by performing collateral review for items set up as security on loans within the portfolio as well as review on collateral monitoring activities to ensure compliance of regulatory and risk requirements.
Primary Liaison to tax reporting vendor, ensuring vendor meets performance expectations.
Project team participation by acting as a subject matter expert to provide education on current state process and documenting business requirements for future state as it relates to property tax tracking.
Position Qualifications:
Associates Degree or 2 years of Commercial Loan experience
2 years of experience using Microsoft Office Suite applications, intermediate excel experience preferred
2 years of banking experience with the ability to read and interpret loan documentation
Livonia Operations Center
8:00am - 5:00pm Monday - Friday
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.