Patrick Warner
Irvington,NJ
Summary
A challenging position utilizing my abilities developed through work experience and education, with the opportunity for professional growth based on performance.
Fundamental accounting knowledge of financial statements and spreadsheets Thirty years of experience monitoring and analyzing various types of collateral for Asset Based Lending institutions Strong analytical and problem-solving abilities Word Perfect, Microsoft Word, Power Point, Excel, Access and loan software Stucky Strong reconciliation and customer service skills Motivated self-starter with an aptitude for learning new tasks quickly
Overview
33
33
years of professional experience
Work History
Sr. Manager/ABL Operations
Accord Financial Corp.
Greenville, SC
07.2022 - 02.2026
- Review, post, reconcile and analyze all collateral support documentation, including borrowing base certificates, financial statements, Accounts Receivable and Accounts Payable aging(s).
- Lead the end-to-end collateral monitoring process for complex ABL facilities, including borrowing base validation, availability tracking, funding request evaluation and collateral trend analysis.
- Have an entrepreneurial mindset with an ability to influence key decision markers, initiate and orchestrate change to enhance processes and promote efficiencies.
- Oversee the verification of collateral pledged against loans and ensure accurate reconciliation of borrowing base certificates with underlying source data (e.g., accounts receivable aging reports, inventory listings).
- Oversee and approve all lead lender Participant settlements.
- Manage the oversight of collateral data input, ensuring accuracy, completeness, and integrity within the bank's collateral management systems. Develop and implement procedures to identify and correct data discrepancies.
- Collaborate effectively with ABL Relationship Managers, Underwriters, Operations, and Credit Risk teams to ensure a holistic approach to client management and risk assessment.
- Critically evaluate client funding requests, ensuring they align with the approved borrowing base, facility terms, and collateral availability. Analyze eligibility criteria and advance rates.
- Possess a critical understanding of ABL collateral management systems and actively contribute to the management, testing, and implementation of system upgrades, enhancements, and new technology initiatives to improve efficiency, data quality, and scalable growth.
- Identify and escalate collateral deterioration, fraud risk, or operational red flags.
- Oversee the scheduling, execution, and timely delivery of initial and recurring field examinations and appraisals conducted by external teams.
- Teach and train employees to monitor collateral appropriately.
- Schedule monthly calls with each client for updates on performance, trends, Field exams, and appraisal results.
- Streamline workflows and processes to reduce errors, minimize risk, and enhance customer satisfaction.
Senior Associate – Portfolio Management/Asset Based Lending
Great Rock Capital, Inc.
03.2020 - 07.2022
- Review, post, reconcile and analyze all collateral support documentation, including borrowing base certificates, financial statements, Accounts Receivable and Accounts Payable aging(s).
- Oversee and manage the Implementation of the Stucky Loan software.
- Interpret red flags and trends related to sales, collateral coverage and borrowing patterns.
- Manage the oversight of collateral data input, ensuring accuracy, completeness, and integrity within the bank's collateral management systems. Develop and implement procedures to identify and correct data discrepancies.
- Ensure customers are following all reporting requirements and eligibility parameters as defined by the loan documentation.
- Critically evaluate client funding requests, ensuring they align with the approved borrowing base, facility terms, and collateral availability. Analyze eligibility criteria and advance rates.
- Prepare monthly reports for accounting – Interest statements, monthly GL reconciliation, collateral roll-forward on all assets, etc. in excel.
- Manager the daily end-to-end transaction - post, reconcile and balance all daily and monthly transactions.
- Implemented BBC reconciliation spreadsheet and verification monitoring and schedule checklist.
- Implemented a tickler system to track and record reporting requirements for each client.
- Prepare monthly reports for Senior Management and staff.
- Prepare monthly GL entries, daily spreadsheets, and all client requests for our Finance department.
Lead Collateral Analyst – Asset Based Lending
Access Capital, Inc.
New York, NY, USA
09.2016 - 03.2020
- Review, reconcile and analyze all collateral support documentation, including borrowing base certificates, financial statements, Accounts Receivable and Accounts Payable aging(s).
- Interpret trends related to sales, collateral coverage and borrowing patterns.
- Recognize and identify emerging risk factors with clients reporting within the company’s portfolio.
- Ensure customer compliance with all reporting requirements and eligibility parameters as defined by the loan documentation.
- Implemented BBC reconciliation spreadsheet and verification monitoring and schedule checklist.
- Implemented a tickler system to track and record reporting requirements for each client.
- Train and shadow all new analyst and Portfolio Managers.
- New York, NY
AVP – Collateral Manager, Asset Based Lending
Sterling National Bank
New York, NY, USA
01.2001 - 08.2016
- Assist Senior Management to design and implement our verification process.
- Assess and manage risk of an assigned portfolio of asset-based loans, of various sizes and complexities.
- Review and analyze collateral support documentation, including borrowing base certificates, financial statements, Accounts Receivable and Accounts Payable aging(s).
- Ensure borrowing limitations are properly updated in the system of record.
- Interpret trends related to sales, collateral coverage and borrowing patterns.
- Recognize and identify emerging risk factors with the portfolio.
- Ensure customer compliance with all reporting requirements and eligibility parameters as defined by loan documentation.
- Prepare monthly reports for distribution, to include numerical data and written narrative.
- Provide guidance on asset-based monitoring policies, practices and procedures to internal and external customers.
- Monitor client’s availability daily from reports sent by clients.
- Analyze, post and verify clients reports on audits.
- Reconcile client’s month-end reports to determine reserves or adjustments against each loan and Special Advance are justified.
- Assist senior Managers with special projects on prospective, new and existing customers.
- Prepare General Ledger entries and balance the department on Stucky daily.
- Set up new loans with line limits, interest rate for fee calculation from the Term of Approval worksheet.
- Prepare all month end reports for the ABL group including participation, Libor and interest calculations for all clients.
- New York, NY
Senior Collateral Analyst/Field Auditor, Asset Based Lending Department
Provident Bank
Cincinnati, Ohio, USA
03.1999 - 09.2000
- Review and verify the accuracy of borrowing financial statements and related documentation.
- Worked both independently and as part of a team to complete examination assignments.
- Review and analyze collateral support documentation, including borrowing base certificates, financial statements, Accounts Receivable, Inventory, Real Estate, Machinery & Equipment and Accounts Payable reports.
- Prepared detailed reports summarizing findings and recommendations for lenders.
- Perform a comprehensive review of cash transactions, taxes and bank accounts reconciliation.
- Prepared clear, concise, and insightful reports highlighting key findings and risk.
- Cincinnati, Ohio
Senior Loan Administrator, Asset Based Lending Department
Star Bank
Cincinnati, Ohio, USA
11.1995 - 03.1999
- Exposed to all aspects of accounting in high-risk Department.
- Assist auditors on audits, reviewing and verifying clients reported information.
- Reconcile client’s month-end reports to determine reserves or adjustments against each loan and Special Advance.
- Reconcile client’s Borrowing Base Certificate.
- Reviewed all supporting documents to fund client’s daily request.
- Cincinnati, Ohio
Credit Assistant/ Junior Credit Analyst, Commercial Credit Loan Department
Star Bank
Cincinnati, Ohio, USA
04.1993 - 11.1995
- Preparation of month-end reports.
- Spreading and analyzing financial statements.
- Prepared installment loans for customers.
- Cincinnati, Ohio
Education
Bachelor of Business Administration -
Metropolitan College of New York
Associate Award - undefined
New York Institute of Credit
London Chamber of Commerce Intermediate Certificate - Bookkeeping
London Chamber of Commerce
Skills
- Strategic planning
- Cross-functional collaboration
- Operations management
- Cross-functional team coordination
Languages
English
Professional Working
Timeline
Sr. Manager/ABL Operations
Accord Financial Corp.
07.2022 - 02.2026
Senior Associate – Portfolio Management/Asset Based Lending
Great Rock Capital, Inc.
03.2020 - 07.2022
Lead Collateral Analyst – Asset Based Lending
Access Capital, Inc.
09.2016 - 03.2020
AVP – Collateral Manager, Asset Based Lending
Sterling National Bank
01.2001 - 08.2016
Senior Collateral Analyst/Field Auditor, Asset Based Lending Department
Provident Bank
03.1999 - 09.2000
Senior Loan Administrator, Asset Based Lending Department
Star Bank
11.1995 - 03.1999
Credit Assistant/ Junior Credit Analyst, Commercial Credit Loan Department
Star Bank
04.1993 - 11.1995
Associate Award - undefined
New York Institute of Credit
London Chamber of Commerce Intermediate Certificate - Bookkeeping
London Chamber of Commerce
Bachelor of Business Administration -
Metropolitan College of New York