Collateral Analyst I

GENERAL SUMMARY

The Collateral Analyst I is responsible for the analysis and validity of Collateral assigned to Cathay Bank in regard to the C & I transactions assigned to Collateral Control Department, including the daily updating and maintenance of the loan monitoring system.

ESSENTIAL FUNCTIONS

• Performs analysis and validity of Collateral assigned to Cathay Bank by reviewing accounts receivable, accounts payable, and inventory reports. Calculates accurate borrowing base for accounts assigned.
• Reconciles ineligibles calculated by Collateral Control Department to field exam report when necessary.
• Processes modification or renewal on existing credit lines, revises/updates borrowing base template.
• Advises the Account Officer of reporting inadequacies and problems. Under the Account Officer's direction, works with the borrower to resolve the issues.
• Posts A/R aging spreads to the Trend Report.

QUALIFICATIONS

• Education: College graduate with a degree in accounting or finance preferred.
• Experience: Some accounting or bookkeeping related work experience preferred.
• Skills/Ability: Proficient with Microsoft Office, specifically Microsoft Excel and Word; Detail Oriented.

OTHER DETAILS

$20.67 - $23.08 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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