Collateral Services Business Specialist, Lending and Trade Services
The Collateral Services Business Specialist is responsible for supporting the execution of all activities which support the safeguarding, monitoring and reporting of the bank's collateral pledged for the commercial loan portfolio. Effective execution of these responsibilities is critical to ensuring a sound lien position in assets pledged in support of loans, and proper mitigation of risks inherent in maintaining proper paper and electronic based security interests supporting all Comerica loan groups and lines of business. The Collateral Services Business Specialist will be responsible to perform the following functions:
* Document and File Safekeeping by ensuring accurate files are created, maintained and safeguarded; * Collateral Updates by loading collateral details representing the specific collateral supporting each loan within the appropriate system; * Document Recording by executing the release of liens via recordable documents with various state and county jurisdictions; * Collateral Monitoring by updating collateral values for negotiable collateral items such as brokerage or trust accounts on a monthly basis, and ensuring the monthly UCC filings perfected in the bank's interest are continued within the five year window as required by the Uniform Commercial Code; * Collateral Releases by executing collateral release requests per month as requested by Comerica lenders and external agencies, such as title companies or other financial institutions; * Hazard Insurance Tracking by tracking required hazard, wind, earthquake and hurricane insurance policies, and reporting cancellations, expirations and delinquencies; * Tax Tracking by tracking real estate taxes on property held as collateral to report delinquencies to lender and borrower as necessary; * 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. * Supplier Reporting by analyzing and reporting activity performed by Third Party vendor and escalating performance outside of standards * Project Team Participation by acting as a subject matter expert to provide education on current state process and documenting business requirements for future state
Successful candidate will have the following competencies:
* Good verbal, written communication and presentation skills * Strong team player with the ability to work independently * Demonstrated strong analytical skills * Effective problem resolution * Strong customer focus * Ability to multi-task and work on a high volume of tasks * Demonstrated strong time management skills * Detail Oriented * Ability to work under pressure * Change Agent
Travel Travel is not required of this position.
Relocation Relocation is not available for this position.
* Associates Degree or 2 years of related lending operations experience or 5 years related work experience in banking or residential production environment * 3 years of experience with Microsoft Office Suite with expertise in Excel * 2 years of Commercial Loan or Documentation Experience * 6 months of drafting and developing procedures of departmental work processes and/or training material and conducting training on work processes
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled