Commercial Collateral Booking Analyst
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. The collateral records loans must be booked timely & accurately to the commercial loan account system for the Insurance, Tax monitor and notables to be tracked.
Position Responsibilities:
Asset setup on commercial loan system for Balance sheet reporting
- Analysis loan documents of various complexity levels, to identify terms of the collateral securing the loan. The scope of loan documentation reviews includes: security agreements, flood certifications, mortgages, UCC's documentation.
- 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.
Customer Service
- Collaborates to resolve documentation exceptions with loan closing officers, VP relationship mangers, SVP group managers, lending assistants, administrative staff, and other various departments to resolve 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.
Risk Management/ Project Participation
- 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.
Position Qualifications:
- Some college courses. Accounting course or 2 years experience in Financial Services or Lending Operations
- 2 years of experience in Banking, Accounts payable and receivable, office environment
- 1 year of experience in Commercial Lending Documentation
- 1 year of customer service experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Feb 07, 2025