Field Examiner - Asset Based Lending (ABL) Audit

Description

Durkin Group, a Gordon Brothers company, is a professional services firm providing financial due diligence, field examination, accounting, and auditing to lenders, investors and middle market companies.

The company’s mission is to provide superior, cost effective, value added services to clients through a highly skilled team focused on innovative delivery of our services.

Job Summary

The Field Examiner is a key member of the collateral examination team and will participate in the execution of asset-based field examinations.

You will be responsible for basic analytic and auditing tasks, documenting and evaluating controls and implementing test work under the supervision of more experienced Analysts.

Our candidate profile is for a talented individual that can be developed to execute a collateral field examination, using a risk-based approach that requires communication and collaboration with our professionals, borrowers, as well as our lender clients.

Job Responsibilities / Essential Job Functions

Performs on-site engagements consisting of field examinations of prospect and existing asset-based borrower's collateral records and financial reports to determine / assess collateral values that secure loans to identify and highlights areas of collateral weakness, areas of potential exposure for the lender’s collateral, and to detect fraudulent activity.

In addition to focusing on accounts receivable, inventory or other assets supporting the Borrowing Bases, the audits will include a review of books and records;

analyses of accounts payable, bank statements, tax payments and filing status, insurance, sources, uses of cash and financial statement reviews that include other assets, other liabilities, and equity accounts.

Effectively perform and document audit activities in accordance with professional standards and methodologies.

Performs detail testing as defined by the field examination program to analyze and validate information.

Evaluates accounting system controls and data integrity.

Verifies that collateral is being reported and managed per the terms and conditions stipulated in the Loan Document.

Documents findings / results of engagements; prepares clear and concise high level written exam reports, highlighting areas of risk and exposure, material variances, conclusions reached from testing results, and related recommendations for improvement, if necessary.

Such reports are utilized to verify and / or determine the credit worthiness of the collateral securing the existing and / or prospective loans and to make informed credit decisions.

Understand procedures, results and business impacts; and document and express such understanding in both written and verbal form.

Contribute to and promote a positive environment and improve team effectiveness.

Maintain a current professional development plan reflecting a commitment to self-development.

Meets administrative reporting requirements.

Education, Experience

Bachelor’s Degree or equivalent experience with a concentration in Accounting, Business, Audit or Finance.

2-3 years of prior experience in finance, public accounting, or banking required.

Knowledge, Skills, Abilities

Demonstrated advanced proficiency with computer applications in a Microsoft Windows-based environment. Proficiency with MS Excel and Word is required.

Working knowledge of MS PowerPoint is preferred.

Excellent verbal and written communication skills are required.

A high degree of integrity and business acumen is required.

Highly motivated professionals who enjoy a team environment and work well independently.

Excellent interpersonal and organizational skills.

Strong time management skills.

Knowledge of and ability to utilize tools, techniques and processes for research, data gathering and reporting.

Attention to detail; ability to process information with high levels of accuracy.

Demonstrated critical thinking and analytical capabilities.

Strong accounting, audit, and writing skills.

Knowledge of financial statements, including balance sheets and income statements; familiarity with GAAP principles helpful.

Self-motivated and ability to work independently without supervision.

Desire to learn and grown in their career.

Ability to travel required to visit borrower locations within the U.S. roughly 10-25% of the year.

Gordon Brothers offers a very competitive total compensation package, including base salary and bonus plan, health insurance, dental benefits, a generous 401(k) match, time off benefits, and more.

In compliance with the Americans with Disabilities Act (ADA), please contact the Human Resources department if you have a disability and need reasonable accommodation with any part the application process.

Requests will be considered on a case-by-case basis.