Summary
Overview
Work History
Education
Skills
Timeline
Generic

Mervet Siha

West Palm Beach,FL

Summary

Highly analytical and detail-oriented professional responsible for supporting the origination, and monitoring of asset-based loans. Conducts in-depth analysis of borrowers collateral, and industry trends to assess credit risk and ensure loan compliance.

Overview

32
32
years of professional experience

Work History

Vice President, Corporate Risk Asset Based Analyst

City National Bank of Florida
11.2015 - Current
  • Lead Analyst for 22 complex accounts totaling $300MM
  • Software owner for ABLSoft and FinSoft Collateral Monitoring Systems
  • Operational Lead of the ABLSoft upgrade project and serves as the liaison for the team during software transitions
  • Trains and mentors current and newly onboarded analysts
  • Conducts annual Disaster Recovery testing
  • Vendor Management and Risk Assessment meetings
  • Engaging field examiners to ensure that all ABL loans, non-ABL loans and inventory appraisals are scheduled in a timely manner
  • Review and analyze Borrowing Base Certificates (BBC) and supporting documentation for accuracy and completeness, ensuring they align with bank approvals and client documentation using ABLSoft Collateral Monitoring Software.
  • Reconciles collateral, loans, unapplied cash, and borrowing availability between client’s general ledger and BBC.
  • Monitors daily borrowing availability and processes advance requests, while ensuring all override authorizations and approvals are obtained in accordance with Bank policies and client agreements.
  • Analyzes accounts receivable and inventory reports of clients and calculates ineligibles; reviews and incorporates agreed-upon audit findings relevant to the assigned portfolio.
  • Independently monitors, analyzes, and concludes ongoing portfolio risk exposure by identifying and escalating suspicious/inconsistent activities, reporting exceptions, material variance, overdraft, over-formula issues, and other matters of importance to the Bank.
  • Develops and nurtures a solid working relationship with clients, Portfolio Managers, Relationship Managers, and other key stakeholders provides exceptional customer service; ensures operational excellence by maintaining accuracy, internal control, compliance, communication, and teamwork.

Senior Collateral Analyst

North Mill Capital, LLC.
12.2010 - 10.2015
  • Review and analyze accounts receivable aging and inventory reports to calculate eligible and ineligible assets in compliance with the loan documentation.
  • Review loan documentation to assess borrowing base structure, advance rates and determine eligibility of assets.
  • Accompany and assist with field examinations.
  • Input asset values, advance rates and basic customer information into the Stucky System.
  • Prepare and process verifications of account debtor balances to avoid fraud.
  • Effectively communicate with loan officers as necessary relative to borrowing availability of customers and changes in borrowing formula, over advance scenarios and significant changes in eligible assets.
  • Participate in monthly loan review meetings with structured finance staff.
  • Exercise awareness regarding suspicious activity, money laundering or fraudulent behavior as it relates to cash transactions, new account relationships, international wire transfers and overall transaction activities.

Collateral Analyst

Sovereign Bank
08.2005 - 12.2010
  • Analyze and monitor over 18 challenging ABL/ workout loan and collateral accounts exceeding $150 million in outstanding balances.
  • Evaluate and process daily borrowing base certificates, while reconciling loan and collateral balance to the Stucky System.
  • Perform accounts receivable ineligible calculation according to specified guidelines and reconcile monthly collateral balance.
  • Perform cash remittance testing and invoice verifications.
  • Prepare financial statements spreads.
  • Manage daily overdrafts and monitor client’s cash flow.
  • Address issues that may affect bank with team leaders while developing alternative approaches to resolution.
  • Train new employees and familiarize account officers with the AFS system.
  • Provide highly specialized customer service and analytical support to assigned clients.
  • Provide strong levels of support, under minimal supervision, to Relationship Managers and the entire lending team on complex portfolio exceeding $190 million in outstanding balances of Asset Based Loans.
  • Correct inconsistencies and ensure constant compliance to legal, regulatory and credit policies in terms of loan documentation, credit approval and funding.
  • Ensure the accuracy of critical data such as risk ratings, non-accruals and pricing and effectively monitor portfolio risk in terms of delinquencies, maturities and over advances.
  • Utilize strong problem-solving skills on complex issues to provide exceptional customer service to clients and participating banks.

Asset Based Lending Collateral Analyst

PNC Business Capital/ National Bank of Canada
06.1998 - 08.2002
  • Analyzed and evaluated daily client activity through the monitoring of client reports.
  • Reconciled daily and monthly client sales, collection, accounts receivable and inventory reports while monitoring for accuracy and irregularities.
  • Processed all requests for daily loan transactions including Borrowing Base Certificates and letters of credit.

Personal Banking Representative

CoreStates National Bank / First Union National Bank
02.1993 - 05.1998
  • Assisted Branch Manager in supervision of Branch staff.
  • Marketed and sold financial products and maintained customer accounts, while complying with audit standards resulting in superior ratings.
  • Interpreted and resolved customer problems through research and investigations.

Education

Collateral Control Workshop and Field Examination -

Commercial Finance Association
10.1999

Kingsborough Community College

Some College (No Degree) -

American Institute of Banking
Brooklyn, NY

Skills

  • Microsoft Office
  • William Stuckey System
  • ABLSoft
  • FinSoft
  • Credit Insurance
  • Compliance with credit policy & procedures
  • Problem Solving
  • Attention to Details
  • Team leadership
  • Relationship building
  • Decision-making
  • Critical thinking

Timeline

Vice President, Corporate Risk Asset Based Analyst

City National Bank of Florida
11.2015 - Current

Senior Collateral Analyst

North Mill Capital, LLC.
12.2010 - 10.2015

Collateral Analyst

Sovereign Bank
08.2005 - 12.2010

Asset Based Lending Collateral Analyst

PNC Business Capital/ National Bank of Canada
06.1998 - 08.2002

Personal Banking Representative

CoreStates National Bank / First Union National Bank
02.1993 - 05.1998

Kingsborough Community College

Collateral Control Workshop and Field Examination -

Commercial Finance Association

Some College (No Degree) -

American Institute of Banking

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Mervet Siha