Collateral Operations Analyst - Hybrid

Don't let our name scare you, we are not your average bank.
With nearly a century of service, FHLBI is one of 11 independent regional cooperative banks across the U.S. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. As a cooperative, we are dedicated to strengthening communities throughout our region.
But enough about us, let's talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?
If you've said yes to these questions, then we might be a match!
Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!
• Tuition reimbursement assistance: To help you continue to develop personally and professionally.
• Student loan repayment assistance: That's right, we will help you repay outstanding student loans!
• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
• "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Purpose:
Facilitates the pledging, updating and releasing of member/borrower loan collateral including 1-4 family, multifamily, commercial real estate (CRE), home equity, farm real estate loans and small business loans. Communicates with Bank staff and members about collateral procedures and selection criteria.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:

• Assists members in pledging and releasing securities and cash collateral, and with submitting loan collateral information to the Bank via the Member Link Portal. Reviews daily processing of collateral information to ensure members have adequate collateral coverage for outstanding credit products.

• Assists members in executing various security agreements and documents needed to establish and maintain credit facilities with the Bank. Ensures agreements and documents are completed in a timely and accurate fashion.
• Advises members about assets eligible as collateral. Contacts members that need to pledge additional collateral. Suggests changes in collateral statuslevels when necessary.
• Assists members on all collateral related inquiries including, but not limited to, collateral reports, member link portal, self-service, etc.
• Coordinates the collateral delivery process. Works with the Bank's safekeeping department or third-party custodians as necessary.
• Produces ad hoc reports as requested for meetings, auditors, examiners and others (Office of Finance, FHLB surveys, etc.)
• Responsible for collateral aspects of member mergers and loan securitizations (special releases).
• Assists with development and testing of new collateral related software systems or enhancements as needed. Makes recommendations to improve functionality.
• Assists with the implementation, testing and integration of Collateral Trac (C-Trac), the future system of record for Collateral.
• Working with IT, tests system changes provided by vendor ensuring functionality prior to use in production.
• Trains and works with Collateral Operations Analyst to provide solutions for members using the new Collateral System.

Position Requirements:

• Bachelor's degree in Business Administration, Accounting, or Finance. Advanced degree in a business field is desirable.
• Minimum of two years' experience working with, or directly in a financial institution, preferably in a lending, financial analysis, or customer service function.
• Must possess excellent oral and written communication skills and the ability to interact with top management of Bank and members in problem-solving situations and in presentations of Bank products.
• Must be detail-oriented and possess excellent analytical abilities.
• Must be able to establish priorities, organize workflow, and complete assigned projects and daily tasks independently.
• Must have a high level of proficiency with computer software such as Microsoft Access, Excel and other applications to analyze financial data.
• A working knowledge of data management tools like SQL, Power BI, preferred.
• Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
• Ability to work full time.
• Ability to uphold and model the Bank's Guiding Principles.

FHLBank Indianapolis is an Equal Opportunity Employer.