Asset-Based Lending Client Manager

2 weeks ago

Los Angeles, California, United States UMB Financial Corporation Full time

Position Overview:
As a pivotal member of UMB Financial Corporation's commercial lending division, the focus of this role is to enhance the Asset Based Lending (ABL) loan portfolio while promoting ancillary revenue-generating services to our clientele. This dedicated team consists of professionals including Business Development Officers, Underwriters, Client Managers, Collateral Analysts, and Field Examiners, all working collaboratively to manage Asset Based Loans throughout their entire lifecycle.

Key Responsibilities:
In the capacity of Client Manager, you will engage directly with an Asset Based Lending Client Portfolio, fostering enduring relationships with key decision-makers among assigned borrowers and potential clients. Your collaboration with Collateral Analysts and Field Examiners will be essential in ensuring that documentation and facility management are consistently maintained. You will play a crucial role in overseeing your assigned borrowers, ensuring that loans meet performance standards while monitoring credit and compliance to safeguard UMB from potential risks and enhance profitability.

Daily Activities Include:

  • Acting as the primary liaison for assigned borrowers through direct engagement with business owners and key stakeholders.
  • Evaluating and approving daily advance requests based on collateral availability and credit status.
  • Monitoring compliance with all legal documentation related to credit facilities.
  • Ensuring that loans are accurately documented and that collateral liens are perfected according to ABL and UMB policies.
  • Maintaining a comprehensive understanding of assigned borrowers, including loan structures, requirements, collateral perfection, financial performance, and industry trends to mitigate potential risks.
  • Timely completion of credit requests for potential over advances, if applicable.
  • Recommending adjustments to loan reporting requirements and facility structures based on financial performance and risk assessments.
  • Conducting thorough reviews of monthly financial statements and compliance reports to identify potential risks.
  • Managing all necessary credit requests and legal documentation for credit modifications and annual reviews.
  • Recommending write-downs and charge-offs based on estimated losses, if necessary.
  • Overseeing funding procedures upon receipt of initial credit approvals for new borrowers.
  • Contributing to ABL's profitability through timely assessments of default interest and collection of required fees.
  • Coordinating with legal counsel for comprehensive loan documentation and ensuring adherence to customer identification policies.
  • Collaborating with Operations and Field Exam departments to facilitate the setup of new borrowers and ensure compliance with reporting procedures.
  • Performing additional duties as assigned.
Qualifications:
  • Bachelor's Degree in Accounting, Finance, or relevant experience.
  • Minimum of 2 years of experience in asset-based lending.
  • Proven experience in client interfacing.
  • Strong verbal and written communication, time management, and organizational skills.
  • Ability to effectively communicate with all levels of internal and external personnel.
  • Thorough knowledge of asset-based lending standards and practices.
  • Working knowledge of financial statements and budgets.
  • Ability to handle confidential information appropriately.
Compensation:
The compensation range for this position is between $99,000 and $257,250. Actual compensation may vary based on geographic location, experience level, and other job-related factors. For further details, please refer to the benefits description included with this job posting.

UMB Financial Corporation is committed to diversity and inclusion.
We provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable law.

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