Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Collateral Manager Job Description

Job Descriptions December 28, 2013

Collateral is a very old system of payment default, first introduced hundreds of years ago. However, the concept of collateral management is relatively new and pioneered in business as recently as the 1980s. Before this time, there were no real established procedures on collateral, nor any legal standards. Calculations for appraisals were also surprisingly casual. Standardization happens in the mid-1990s, and there has been a market for it ever since.

The collateral manager is an expert in collateral and real estate appraisal and also provides managerial expertise to others. The position commands a yearly salary as high as $123,000 per year, at least according to HR reports from the Certified Compensation Professionals survey. The job of a collateral manager is to oversee the daily operations of the company’s collateral function appraisals. This means he/she analyzes the valuations and attempts to minimize loss for the company. For very high-priced properties, the manager will sometimes conduct the appraisal personally.

What Role Does Management Play?

Collateral management is actually involved in a variety of parties, including the manager and staff members who calculate valuations, those who deliver the collateral and who receive it, as well as those who maintain the records. The manager exercises control over all aspects, approving requirements and establishing trading relationships. The manager also works with credit departments and processing.

The movement stage involves recording all details of collateral transactions in modern software systems. Special care is required to check for state-compliant policies, matters of disputes, and even the custodial end of keeping the collateral property. Other duties include margin calls, dealing with substitution requests, and processing receipts.

The Career Expectations for Collateral Managers

Collateral managers are expected to be highly educated, as they will be assuming responsibility right away. A bachelor’s degree is the minimum level of education employers look for, though work experience is just as important. Eight years of field experience or managerial duty is required, since this is a senior level position. Furthermore, companies expect you to be familiar with the industry’s practices, including procedures and common goals. They want a professional who can lead a staff of workers while also taking orders from top-level management or senior manager. This job does require creative thinking as well as a flexible mindset.

Your skill set should focus on a thorough understanding of the profession, including company policies and procedures, as well as fundamental knowledge of accounting, business and economy. Social skills are important in this career field, since you will be working with others, explaining appraisals, and oftentimes serving as a go-between of buyers and sellers and lending companies.

Now is the time to set into motion a lifelong career plan. Educate yourself early on and acquire work experience so that you can build a resume. By the time you finish with education, licensing and certification, you will have built a persuasive application that’s hard for an employer to turn down. A college or university can help you set down that path and move confidently towards your end goal.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Design thinking is a powerful process of problem solving that begins with understanding unmet customer needs.
  • From that insight emerges a process for innovation that encompasses concept development, applied creativity, prototyping, and experimentation.
  • Online Courses
  • eLearners.com Helps You Find the Right College within Minutes. 100% Free Match to Top Colleges.
  • Get Matched to the Perfect Business Degree Programs from Top Colleges Here.
  • Learn at Your Own Pace and Get Qualified to Pursue a Career You'll Love.
  • Answer a few questions and you are one step closer to enroll in a Top College!
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Design thinking is a powerful process of problem solving that begins with understanding unmet customer needs.
  • From that insight emerges a process for innovation that encompasses concept development, applied creativity, prototyping, and experimentation.
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!