Collateral and Securities Officer

Summary: The Collateral and Security Officer is responsible for managing and overseeing collateral-related activities and ensuring the security of physical and financial assets within the organization. This role involves risk assessment, monitoring compliance, and implementing security protocols to safeguard assets and mitigate risks.

Key Responsibilities

Collateral Management: Evaluate, assess, and manage collateral for loans and financial transactions. Ensure the maintenance of security items such as renewal insurance premium, obtaining copies of annual receipts for land and house taxes, etc. Ensure the Bill of Sales are renewed at the appropriate time usually at the five year mark.

Ensure that property appraisals for property valuing 270,000.00 and above are renewed at the appropriate time of five years after first issuance. Ensure accurate documentation and valuation of collateral assets. Monitor collateral compliance and perform regular audits to ensure adherence to policies. Risk Assessment: Conduct risk assessments to identify potential vulnerabilities related to collateral and security.

Develop and implement strategies to mitigate identified risks. Reporting and Compliance: Prepare reports on collateral positions for management review. Ensure compliance with regulatory requirements and internal policies related to collateral and securities.

Requirements

Bachelor's degree in Finance, Business Administration, Risk Management, or a related field. Experience: Familiarity with regulatory requirements related to collateral and securities Skills: Strong analytical and problem-solving skills. Excellent communication and interpersonal skills. Detail oriented with the ability to manage multiple tasks simultaneously.

Proficiency in relevant software and technology tools.