Collateral Analyst II

Are you a detail-oriented and analytical individual looking to advance your career in the banking industry? Comerica Bank is seeking a Collateral Analyst II to join our dynamic team. As a Collateral Analyst II, you will play a critical role in ensuring the accuracy and completeness of our collateral data, while also providing support to our lending teams. If you have a strong understanding of loan documentation and possess excellent problem-solving skills, we want to hear from you. Join us at Comerica Bank and take the next step in your professional journey.

1. Conduct thorough and accurate analysis of collateral data to ensure its accuracy and completeness.
2. Review loan documentation to ensure compliance with bank policies and procedures.
3. Identify any discrepancies or issues with collateral data and work with lending teams to resolve them.
4. Maintain organized and up-to-date collateral records and documentation.
5. Collaborate with lending teams to provide support and guidance on collateral related matters.
6. Utilize problem-solving skills to resolve complex collateral issues.
7. Communicate effectively with various teams and departments to ensure timely and accurate completion of tasks.
8. Stay updated on industry regulations and standards related to collateral management.
9. Utilize analytical skills to identify potential risks and recommend appropriate actions.
10. Work closely with external parties, such as appraisers and title companies, to obtain necessary collateral information.
11. Participate in training and development programs to enhance knowledge and skills related to collateral analysis.
12. Adhere to bank policies and procedures to maintain a high level of accuracy and compliance.
13. Maintain confidentiality of sensitive information related to collateral and lending activities.
14. Collaborate with team members to ensure efficient and effective workflow.
15. Proactively identify opportunities for process improvement and suggest solutions.

According to JobzMall, the average salary range for a Collateral Analyst II in Farmington Hills, MI, USA is $60,000-$80,000 per year. The exact salary may vary depending on factors such as experience, education, and the specific company.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.