Collateral Analyst Trainee at Renasant Bank in US-LA-New Orleans

Job description

• Employer: Republic Business Credit, a subsidiary of Renasant Bank
• This position serves Republic Business Credit which is a subsidiary of Renasant Bank. The Collateral Analyst Trainee will learn and ensure that RBC’s management of collateral and account debtors are in compliance with the Credit Policy and operating and approval conditions as set out in the Client Credit Committee Approval (CCCA) document (or as amended by subsequent client reviews) – collectively “Credit Standards”. This entry-level position focuses on developing foundational skills in risk management and portfolio operations while consistently demonstrating behaviors aligned with our core values: Respect, Cooperation, Communication, and Integrity.
• REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS

Responsibilities

• Learn and assist with reviewing schedules and support documentation in full or on sampling basis (as defined by Client operating conditions) for compliance with Credit Standards.
• Ensure supporting documentation (invoices, pod’s, po’s, shipping information, contract) are in place for the schedule.
• Ensure schedule is appropriately completed and signed by authorized signatory.
• Learn to undertake pre-funding verification of schedule as per Client operating conditions ensuring recorded and detailed in notes in Cadence. Timely save recordings on network.
• Learn to undertake post funding verification calls in line with Client operating conditions.
• Ensuring recorded and detailed in notes are maintained in Cadence. Timely save recordings on network.
• Use verification and collection queues in Cadence and learn to adhere to call back dates in Cadence.
• Work under supervision to ensure verification levels within assigned clients (and team assigned clients where support is needed) meet the client level and portfolio targets.
• Verify and establish relationships with new account debtors in line with Debtor Review process.
• Ensure we have confirmed by third party means contact details.
• Ensure notification letters have been sent and recorded as sent.
• Ensure details including approved debtor limits are included in Cadence system and follow Debtor review process.
• Learn to undertake ongoing contact with the account debtors regarding the payment remittance direction, verification and payment status of client accounts.
• Work closely with the client assigned Account Executive and Portfolio Manager to communicate issues and trends on the client facilities.
• Learn to proactively track collateral and identifying trends that point to a need for attention to verifications and/or collections on accounts within the assigned portfolio.
• Support cash collections allocations as required.
• Assist operations team with record keeping of daily, weekly, monthly and annual reporting.
• Performs other related duties as assigned.

Requirements

• High School diploma or equivalent required, Bachelor’s degree preferred
• No prior experience required; willingness to learn and grow within the role
• Ability to build positive internal and external relationships
• Strong desire to work in a fast-moving team environment
• Must be organized and eager to learn how to prioritize and manage a high volume of verification and collection tasks
• High-level verbal and written communication skills
• Basic interest in or familiarity with business, finance, or accounts receivable is a plus, but not required
• Ability to work independently while actively collaborating in a team environment
• Strong attention to detail and ability to follow established processes
• Ability to handle multiple priorities simultaneously

Skills

Required

• Communication
• Collaboration
• Organization
• Attention to detail
• Eagerness to learn
• Ability to work independently
• Cadence (software system)