Collateral Associate

Collateral Associate

The Collateral Associate position is responsible for the analysis and monitoring of the collateral securing loans within the commercial portfolio.

At GreenState, we exist to create lasting value for those we serve. We do this by putting immense value into our employees, members, and communities. We empower our employees to create endless opportunities, which will then impact the lives of our members and enhance the vitality of our communities.

Salary range for this position is $69,280.38 - $80,996.76 with a progressive benefit package.

Essential Duties and Responsibilities

Performs essential duties and responsibilities in the following areas which may include but are not limited to those listed and are subject to change.

• Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
• Demonstrates a positive member service (internal and external) focus at all times.
• Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
• Ensures confidentiality of member information.
• Supports a diverse and inclusive work environment.
• Plays a vital role by participating in community service organizations and / or credit union sponsored events, on an annual basis.
• Adheres to all state, federal, and credit union regulations, policies, and guidelines.
• Manages the appraisal ordering process from initial request / engagement to final receipt of the report.
• Corresponds with appraisers regarding current appraisal requests.
• Completes appraisal reviews for 1-4 family and commercial real estate loans.
• Communicates with the lending and servicing teams when appraisals are received and reviewed.
• Assists the Commercial Lenders and Underwriters in obtaining and analyzing current collateral information on existing loans for the purpose of conducting periodic reviews to determine the ongoing credit worthiness of the borrower.
• Keeps well informed as to market conditions as it relates to assessing portfolio risk with proposed and existing credits.
• Develops a working knowledge of credit administration, policy, and procedures.
• Maintains credit files in accordance with guidelines, work with Commercial Lenders and Underwriters to ensure that all necessary documentation is in the file.
• Researches and responds to internal (co-worker) and, occasionally, external (member or authorized third party) requests for collateral information on commercial loans.
• Provides support and assistance during internal, state, and federal audits and examinations.
• Act as a resource for all Commercial Services team members in order to facilitate the collateral analysis processes.
• Performs other duties as assigned.

Job Requirements / Expectations

Reporting Relationship

This position reports to the Vice President / Commercial Credit Admin.

Equal Opportunity Employment Statement

GreenState Credit Union is an EEO / AA Employer. We strongly encourage all individuals to apply for openings with the credit union.