Collateral Manager leads a team of appraisers conducting assessments, valuations, and appraisal reviews of real estate, land, and other personal property to establish the market value generally used for lending, insurance, or other purposes. Establishes processes for conducting on-site inspections of property and data collection required to perform valuations. Being an Collateral Manager follows generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Ensures appraisal documentation and appraiser certification comply with all regulations. Additionally, Collateral Manager performs appraisal quality reviews to ensure appropriate valuation and minimize risk. Creates process efficiencies with appraisal software tools and databases. May require a bachelor's degree. Has the Member of the Appraisal Institute (SRPA) or similar designation. Requires a State Appraiser License. Typically reports to a director. The Collateral Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be an Collateral Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Responsible for the monitoring of a portfolio of clients who are required to submit periodic reporting concerning accounts receivable, inventory and lease receivables utilizing the loan system (Collateral Analysis).
Provides support in various areas to relationship management, including collateral tracking, legal documentation, and insurance monitoring involving interaction with 3rd parties and internal bank staff. This position is responsible for reviewing and analyzing all incoming collateral reporting and loan documents consistent with loan approvals.
Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.
Minority/Female/Disabled/Veteran
While performing the essential functions of this position, the employee is regularly required to position self and move about to retrieve and place documents in narrow aisles of a file room. The incumbent will be expected to stand for sustained periods while accomplishing tasks; there is occasional lifting of records up to 30 lbs. Sedentary work involves operating a computer terminal with repetitive motion and exchanging information via phone.