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.

Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right IT, Computer Science, Cybersecurity, Software and Application Development, Web Design or Technology Management Degree Program for YOU.
  • Affordable and Flexible Information Technology Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect IT/Computer Science Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right IT, Computer Science, Cybersecurity, Software and Application Development, Web Design or Technology Management Degree Program for YOU.
  • Affordable and Flexible Information Technology Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect IT/Computer Science Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!