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ABL Account Manager - Salt Lake City, Utah

September 10, 2020

Commercial Funding Inc. is hiring an ABL Account Manager in Salt Lake City, UT.

Position Summary:

We are seeking a highly skilled individual to join our team. The ABL Account Manager will be responsible for the oversight of a portfolio of asset-based loans and will support our underwriters with the underwriting and on-boarding of asset based loans.

Responsibilities:

  • Calculate clients’ availability within approved borrowing base loan structures
  • Approve and process advance requests in accordance with collateral availability
  • Review aging reports, financial statements, and trend analysis to identify signs of collateral or financial deterioration
  • Coordinate monthly portfolio reviews to discuss client performance
  • Engage 3rd party collateral exam firms to perform collateral testing
  • Maintain an excellent rapport with the customers as the day to day relationship manager
  • Work with underwriting to complete the due diligence and onboarding of new clients

Required Skills:

  • Understanding of all facets of accounts receivable financing and ABL lending including credit, collections, documentation, and workout
  • Strong communication, interpersonal, and analytical skills
  • Experience in maintaining a positive working relationship with clients while managing the credit risk to the organization
  • A strong ability to spread and understand financial statements
  • A self-starter that will get tasks done timely and look for additional ways to mitigate risk and streamline processes

Preferred Qualifications:

  • Bachelor’s Degree in business, finance, economics, or accounting
  • 5+ years’ experience of ABL or C&I lending with a preference of a non-bank factoring and ABL lending environment
  • Proficiency with Microsoft Office, CRM, and ABL systems, preferably Cadence

For immediate consideration, send your resume to hr@commercialfund.com.