Captive Portfolio Administrator

2 weeks ago


Detroit, United States Comerica Full time

Captive Portfolio Administrator Position Summary Handle all daily requests from customers including L/C and loan processing, opening deposit accounts, performing all required due diligence, documentation, fee collection, statements, reporting and account transfers. Monitor collateral daily including running reports, mitigating out of compliance situations, approving releases of collateral, ensuring collateral and holds are in place, and setting up and monitoring collateral L/C's. Ensure all procedures are updated, perform self-audits, complete required regulatory reports, complete audit confirmations, and collaborate with auditors and AML. Cross-sell treasury management and trust custody products. Position Responsibilities: * Run and analyze daily collateral reports, identify issues and follow up and resolve customer out of compliance situations. * Approve releases of collateral from custody or business money market accounts and approve swap out of assets. * Review RECAPs and update collateral system with any changes to facility amount, eligible collateral, advance rates, beneficiaries, etc. * Ensure proper cash holds are in place on DDAs and money market accounts pledged as collateral and with each new L/C issuance or amendment. * Partner with Financial Institutions Group to ensure sufficient credit lines are in place. * Review and negotiate L/C specimen language with attorneys and customer's captive managers. * Monitor non-renewals and take appropriate action with customers. * Follow up on rescind letters and work with customers to draw on incoming L/Cs as necessary. Notify customers of details for every incoming L/C issuance and amendment. * Handle daily requests from customers. * Provide customers with collateral reports and deposit statements. * Participate in customer calls as needed. * Cross sell Treasury Management and additional custody products. * Ensure L/C and Legal invoices are paid. * Monitor L/C open A/R report and Uncollected L/C Fee Report. Follow up on past due invoices. Obtain approval from customer to debit DDA or Custody accounts as necessary. * Process transfers among internal accounts to pay fees, cover collateral shortfalls, etc. * Open accounts (DDAs, PBMMs, CDs, etc.) for offshore customers in the Cayman branch. * Work with PALS to open accounts for onshore customers. * Scan offshore statements to customers monthly. * Review and print out evidence of cash holds on DDAs held as collateral. * Prepare "Capital Friendly Collateral Report" quarterly for FR Y-9C filing for Controller and submit with regulatory reporting disclosure checklist. * Conduct Quality Assurance Self Audits 3 times per year on AML/KYC for new accounts. * Work directly with auditors (internal, AQR, AML, Federal Examiners, etc.) and recommend and update procedures as necessary. * Participate in FATCA/Tax Compliance task force, Business Bank Compliance, SQN Document Imaging and other meetings as necessary. * Complete L/C audit confirmations for both customer and beneficiary auditors. * Review both L/C and DDA legal documents for proper execution. Complete checklists and maintain originals documents in files. * Complete required due diligence including running world checks on all signers and beneficial owners. * Gather projected activity information and work closely with AML to identify any suspicious activity. No travel is required in this role Relocation assistance is not provided Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled



  • Detroit, United States Comerica Full time

    Welcome! We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one. Qualifications Position Qualifications Bachelor's Degree in Business area (accounting, finance, etc.). or 3 years of experience with letters of credit and other bank products 5...


  • Detroit, Michigan, United States Detroit Housing Commission Full time

    Job SummaryThe Detroit Housing Commission is seeking a highly skilled and experienced Director of Real Estate Portfolio to lead the strategic oversight of its real estate portfolio. This is a senior-level position that requires exceptional leadership, strategic planning, and project management skills.Key ResponsibilitiesDevelop and maintain effective working...


  • Detroit, Michigan, United States Huntington National Bank Full time

    Job Summary:The Senior Portfolio Manager - Technology Finance is responsible for managing a portfolio of large, complex customer relationships and circumstances. This role involves underwriting credit exposure, managing portfolio risk, and adhering to regulatory and compliance guidelines.Key Responsibilities:Services, deepens, and retains assigned profitable...


  • Detroit, United States Detroit Housing Commission Full time

    The Real Estate Portfolio Director position is to provide strategic oversight for DHC Real Estate Portfolio. This is a senior level position whose purpose is to direct the operation of full-service property management, maintenance, and capital upgrades for a portfolio with over 3,400 public housing units, using capital and operating funding (HUD, grants, and...


  • Detroit, Michigan, United States Huntington National Bank Full time

    Job Summary:The Senior Portfolio Manager - Technology Finance will be responsible for managing a portfolio of large, complex customer relationships and circumstances. This role requires strong analytical and communication skills, as well as the ability to work effectively with cross-functional teams.Key Responsibilities:Manage a portfolio of large, complex...


  • Detroit, Michigan, United States Detroit Housing Commission Full time

    The Real Estate Portfolio Director position is to provide strategic oversight for DHC Real Estate Portfolio. This is a senior level position whose purpose is to direct the operation of full-service property management, maintenance, and capital upgrades for a portfolio with over 3,400 public housing units, using capital and operating funding (HUD, grants, and...


  • Detroit, United States Huntington National Bank Full time

    Description The Senior Commercial Portfolio Manager – Technology Finance underwrites credit exposure for large, complex customer relationships and circumstances and actively manages a portfolio. Includes day-to-day interaction with assigned Sales Reps, managing portfolio risk, and adheres to all regulatory and compliance guidelines. A critical...


  • Detroit, Michigan, United States Detroit Housing Commission Full time

    Job SummaryThe Detroit Housing Commission is seeking a highly skilled and experienced Director of Real Estate Portfolio to lead the strategic oversight of its real estate portfolio. This is a senior-level position that requires exceptional leadership, strategic planning, and project management skills.Key ResponsibilitiesDevelop and maintain effective working...


  • Detroit, United States Detroit Housing Commission Full time

    SUMMARY The purpose of this position is to provide strategic oversight for DHC Real Estate Portfolio. This is a senior level position whose purpose is to direct the operation of full-service property management, maintenance, and capital upgrades for a portfolio with over 3,400 public housing units, using capital and operating funding (HUD, grants, and...


  • Detroit, United States SICK, Inc. Full time

    ABOUT SICK: SICK is a leading global provider of intelligent sensors, systems and services for factory, logistics and process automation applications. With more than 3,500 patents, innovation and technology are at its core. This focus on innovation and "Sensor Intelligence" have allowed SICK to develop products for every phase of production in the...


  • Detroit, Michigan, United States SICK, Inc. Full time

    ABOUT SICK: SICK is a leading global provider of intelligent sensors, systems and services for factory, logistics and process automation applications. With more than 3,500 patents, innovation and technology are at its core. This focus on innovation and "Sensor Intelligence" have allowed SICK to develop products for every phase of production in the...


  • Detroit, United States Columbia University Full time

    Position Summary The Organization Development Project & Administrative Coordinator will perform a variety of project management and administrative functions to support VP&S and other CUIMC schools and departments in reaching their strategic goals. Under the supervision of the Assistant Director for Portfolio Management, the Coordinator will provide...


  • Detroit, United States Malibu Events Promotion Full time

    Job DescriptionJob DescriptionMarketing and Sales CoordinatorLocation: Detroit, MISalary: $4,600 - $5,500 per month + Performance-Based BonusesAre you an energetic, ambitious professional with a passion for branding and sales?We’re looking for a Marketing and Sales Coordinator to join our dynamic team. This role is perfect for someone eager to build...


  • Detroit, United States Malibu Events Promotion Full time

    Job DescriptionJob DescriptionPosition: Junior Account AssistantLocation: Detroit, MISalary: $4,500 - $5,500 + Performance-Based BonusesAre you an energetic, ambitious professional with a passion for branding and sales? We’re seeking a Junior Account Assistant to join our dynamic team! This role is ideal for someone eager to build relationships, represent...

  • Outside Sales

    3 months ago


    Detroit, United States FASTSIGNS #381401 Full time

    Job DescriptionJob DescriptionBenefits:401(k)401(k) matchingBonus based on performanceCompetitive salaryEmployee discountsPaid time offHit the Ground Running & Make Your Mark: Outside Sales Representative (Downtown Detroit)Do you crave a challenge? Are you passionate about helping businesses stand out through bold visual branding? Then join FASTSIGNS...

  • Media Salesperson

    2 weeks ago


    Detroit, United States Benzinga Full time

    Unleash Your Potential at Benzinga Step into the spotlight at Benzinga, a dynamic media firm that's redefining the landscape of financial information through the power of advertising. We're on a quest for an Advertising Impact Pioneer (Sales Development Representative), someone with a fervent passion for crafting and selling innovative advertising solutions...


  • Detroit, United States Benzinga Full time

    Unleash Your Potential at Benzinga Step into the spotlight at Benzinga, a dynamic media firm that's redefining the landscape of financial information through the power of advertising. We're on a quest for an Advertising Impact Pioneer (Sales Development Representative), someone with a fervent passion for crafting and selling innovative advertising solutions...


  • Detroit, Michigan, United States Huntington National Bank Full time

    Summary: The Regional Credit Admin Manager works with a staff of relationship managers, portfolio managers, underwriters, and regional credit administrators in the credit approval, administration, and review primarily for Huntington's Regional Banking portfolio. This is an on-site or hybrid role with location within the Huntington footprint.Looking to fill...


  • Detroit, United States Huntington National Bank Full time

    Description Summary: The Regional Credit Admin Manager works with a staff of relationship managers, portfolio managers, underwriters, and regional credit administrators in the credit approval, administration, and review primarily for Huntington’s Regional Banking portfolio. This is an on-site or hybrid role with location within the Huntington...


  • Detroit, United States Comerica Full time

    Vice President, Asset Quality Review Officer The Asset Quality Review Officer III supports an independent assessment of credit risk within the Bank by leading and/or participating in risk-based examinations of loan portfolios and centralized underwriting and support functions. Position Responsibilities: * Accomplished in reviewing individual loan...