Account Executive - Commercial Finance

Oxford Bank•Auburn Hills, MI

12h

About The Position

The Account Executive is responsible for managing all aspects of an assigned portfolio of clients ensuring these relationships meet Bank and Oxford Commercial Finance (OCF) standards. The standards include administering and underwriting relationships that will result in an acceptable level of credit risk with an appropriate rate of return for our stakeholders. The Account Executive may be tasked with additional responsibilities such as underwriting ABL or Factoring transactions and operational or portfolio matters as requested.

Requirements

Experience in analyzing or underwriting factoring or asset-based lending transactions.
Knowledge in secured lending with a focus on collateral analysis and cash flow.
Organized and attention to detail required to understand and manage risk, amongst a diverse group of client relationships.
Strong credit analysis and analytical skills.
Ability to review and effectively spread financial statements.
Excellent verbal and communication skills, with the further ability to effectively understand and negotiate legal documents.
Bachelors degree with a concentration in accounting or finance is preferred.
Previous field exam experience working on secured lending transactions is preferred.
Three or more years experience in asset-based lending positions. Such experience should include proficiency in managing or underwriting more complex capital structures (i.e., inventory and equipment loans) and strong financial and analytical skills.

Nice To Haves

Previous field exam experience working on secured lending transactions is preferred.

Responsibilities

Manage assigned portfolio of clients through complete and current knowledge of client's financial condition, management's capabilities, industry trends, and take timely action so client losses are minimized and do not exceed budgeted standards.
Responsible for ensuring all advances and loans comply with loan policy and approved structure.
Responsible for documenting all client relationships to ensure approved and required legal documentation is received.
Resolve ABL and factoring service problems, control operational costs and minimize loss of clients to competition.
Propose changes in policies and procedures to reduce costs and provide better and more efficient services.
Structure and underwrite changes to existing deals for management approval including presentation to OCFs credit committee when necessary.
Understand OCFs credit policies and minimum underwriting standards.
Work closely with Underwriter and Operations team members during the transition of prospects to new clients to assist with the closing, initial funding, and onboarding of new clients.
Requires minimum amount of traveling to meet with clients and develop new business relationships.
Other duties as assigned.