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Credit/Collateral Support Specialist I

Company: Pacific Mercantile Bancorp
Location: Costa Mesa
Posted on: June 8, 2021

Job Description:

VOTED TOP WORKPLACE 2018, 2019 & 2020

Who we are:

Pacific Mercantile Bank is a fast growing, high tech, full service financial institution specializing in small and middle market businesses. We finance growth opportunities by providing innovative and customized banking solutions with a full range of loans, deposit and cash management products and services for our clients' long-term success.

What you bring to PMB:

You are open to learning and coaching, and you are comfortable providing relevant, positive, and constructive feedback with the intention of helping one another succeed. You consider yourself a problem solver because you're always on the watch for processes that need improvement and you own it until it is resolved. You believe in making a difference every day to support your team and the organizations goals and mission.

Here's what you'll do:

The Credit/Collateral Support Specialist I works within guidelines and under general supervision, performs a variety of duties both clerical and technical. In addition to the existing performance parameters, it entails a level of accountability and minor signing authority on task like collateral Tickler input documents, and other non-official functions with which the employee may be involved. General customer service for both internal and external customers of the Bank.

Essential Job Duties

  • Preparation and monitoring of the Banks Letters of Credit portfolio, including the proper collection of fees when due, interface with Branch lending personnel, and some direct customer contact when necessary or appropriate.
  • Monitoring and control of ABL audit reports, collection of fees, and other duties as assigned by supervisor.
  • Monitoring, coordinating, and reviewing of all collateral input items to the Bank's tickler system, including interface with other employee involved in this important function.
  • Cross-training with other departmental personnel wherever deemed appropriate.
  • Ordering and follow-up on Environmental Collateral Screen reports.
  • Updating all collateral loan ticker files by coordinating, input, and scanning formation from the branches.
  • Scanning of all boarded loan reports and ancillary data into the Director system and training other personnel of such duty
  • Input and analyze month ABL collateral trend card information.
  • Assist the Note Department procuring loan documentation backup from branch officers, and performing call-back.
  • Perform other tasks and duties as assigned.

What you need for this position:

  • College degree preferred.
  • Minimum 3-5 years working knowledge of commercial lending policies, procedures, practices
  • Minimum 3-5 years general loan documentation knowledge
  • Minimum 3-5 years' work within a Note department, Commercial Bank lending group, or an asset-based lending environment preferred
  • Minimum 3-5 years' experience in banking


Occasional local travel

What's in it for you:

  • Competitive salary.
  • Comprehensive benefits package includes medical HMO or PPO, dental, and vision.
  • Life/AD&D & Long Term Disability Benefits.
  • Flexible spending accounts (FSA) Dependent Care and/or Medical Reimbursement.
  • Employee Assistance Program (EAP).
  • Tuition Reimbursement.
  • Matching 401(K).
  • Vacation and sick benefits
  • Personal Days (PTO) personal holidays.
  • Paid Bank Observed Holidays.
  • Wellness Program.
  • We even celebrate your hire anniversary date by giving you the day off!

The best part, you'll be partnering with a team of empowered professionals who lead by example and who reinforce strong values through collaboration, trust and the celebration of success.

We are an Equal Opportunity Employer that considers applicants without regard to race, religion, sex, sexual orientation, gender identity, gender expression, transitioning, transgender, national origin, color, disability, or protected veteran status.

Keywords: Pacific Mercantile Bancorp, Costa Mesa , Credit/Collateral Support Specialist I, Other , Costa Mesa, California

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