Commercial Bank Risk - Field Exam Manager, VP
Job Description:
Position Description:
The Field Exam Manager will perform a wide variety of collateral and financial due diligence and audit activities on-site at clients and prospective clients related to secured credit facilities. The primary activities range from collateral (generally accounts receivable and inventory) valuation and analysis, evaluation of accounting system controls and data integrity and managerial control reviews. In addition, other activities may include investigation or reviews of deal-specific matters (which may range from viability of business, projections analysis, accounting treatment items, diversion of funds, etc.), fraud investigations and forensic accounting review. Examiners document procedures performed in work-papers and complete a written report summarizing the results of the review. Credit facilities range in size from $5 million to well over $1 billion.
The roles and responsibilities that Field Exam Manager must exhibit include:
Project planning which includes assessing risk based on size, industry and location or collateral characteristics
Interacting with clients and various deal team members (originators, underwriters, portfolio managers and/or credit officers) to communicate exam scope, and to plan and execute the field exam
Develop a valuation model or borrowing base; utilizing current asset collateral (accounts receivable and inventory) or other collateral components (cash, etc.)
Evaluate and review of accounting systems controls, data integrity, information systems, financial records, and managerial controls
Perform analysis and testing (shipping test, cash application, cost/price testing), including physical observation and counts of inventory
Communicate significant findings and potential areas of concern to deal team members during the exam
Summarize results and providing recommendations/conclusions based on findings in formal report
Strong accounting/audit skills
Successful candidates possess an undergraduate degree in Accounting, Finance, Economics, Business Administration (or related field experience). Candidates should possess 7
years of ABL Field Examination experience or equivalent CPA experience. High importance is placed upon possessing excellent verbal and written communication skills. We seek highly motivated, independent, proactive, and team-oriented persons. Strong computer skills necessary with working knowledge of MS Office. Knowledge of the data mining software (Monarch or Idea) preferred. There is approximately 50% overnight travel required
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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