Field Examiner - Business Credit

PNC Bank • Philadelphia, PA

22h • Hybrid

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As a Field Examiner within PNC's Business Credit organization, you will be based in/around Philadelphia, PA. Preferred skills include and are not limited to the following: 1. Viable applicants should have a minimum 3+ years of Asset Based Lending (ABL) Field Exam experience 2. Familiarity with corporate accounting through coursework and/or job experience 3. Advanced Excel skills PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. Job Description Leads moderately complex Field Examinations on existing and prospective borrowers and assists on Field Examinations led by other examiners. Examinations may take place fully onsite at Borrower locations or in a hybrid on-site/remote environment. Performs independent analysis on existing and prospective Borrower's collateral records and financial reports to determine / assess collateral values that secure loans and to identify and highlight areas of collateral weakness or deterioration. Evaluates accounting system controls data integrity, and managerial control oversight. Reviews and evaluates borrowers accounting personnel. Prepares Field Examination reports and supporting workpapers that (i) highlight germane findings and material variances found, conclusions reached, and related recommendations for improvement if necessary. Such reports are utilized by Portfolio Management to verify the credit worthiness of the collateral securing the loans and to make informed credit decisions. Communicates and escalates significant exam findings, concerns, delays, or borrower limitations to lending and credit personnel. Identifies and reports matters related to collateral risk. Makes recommendations as it relates to the collateral supporting the loan and/or issues and concerns that are raised during the Field Exam due diligence process. Participates in meetings with the Relationship Manager and/or existing Borrower’s representatives (typically the CFO, CEO and/or Controller of the company) to discuss any collateral issues/areas of concern. Confirms proper reporting of collateral on the Borrowing Base Certificates. Ensures that the Borrowing Base is in-compliance and being managed per the terms and conditions stipulated in the Loan Approval. When leading an Examination, manages the due diligence process and directs the daily progress of field work performed by the other Field Examiners assigned to the Examination to ensure all assignments and duties are completed in an accurate and timely manner. Trains junior and new Field Examiners. PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Requirements

• Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
• Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience.
• In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Nice To Haves

• Viable applicants should have a minimum 3+ years of Asset Based Lending (ABL) Field Exam experience
• Familiarity with corporate accounting through coursework and/or job experience
• Advanced Excel skills
• Budget Management
• Business Administration
• Corporate Finance
• Credit Decisions
• Financial Accounting
• Financial Management
• Financial Operations
• Investment Strategies
• Legal Operations
• Accuracy and Attention to Detail
• Collateral Management
• Conflict Management
• Data Gathering and Reporting
• Effective Communications
• Financial Statement Analysis
• Flexibility and Adaptability
• Generally Accepted Accounting Principles (GAAP)
• Managing Multiple Priorities
• Problem Solving

Responsibilities

• Leads moderately complex Field Examinations on existing and prospective borrowers and assists on Field Examinations led by other examiners.
• Examinations may take place fully onsite at Borrower locations or in a hybrid on-site/remote environment.
• Performs independent analysis on existing and prospective Borrower's collateral records and financial reports to determine / assess collateral values that secure loans and to identify and highlight areas of collateral weakness or deterioration.
• Evaluates accounting system controls data integrity, and managerial control oversight.
• Reviews and evaluates borrowers accounting personnel.
• Prepares Field Examination reports and supporting workpapers that (i) highlight germane findings and material variances found, conclusions reached, and related recommendations for improvement if necessary.
• Communicates and escalates significant exam findings, concerns, delays, or borrower limitations to lending and credit personnel.
• Identifies and reports matters related to collateral risk.
• Makes recommendations as it relates to the collateral supporting the loan and/or issues and concerns that are raised during the Field Exam due diligence process.
• Participates in meetings with the Relationship Manager and/or existing Borrower’s representatives (typically the CFO, CEO and/or Controller of the company) to discuss any collateral issues/areas of concern.
• Confirms proper reporting of collateral on the Borrowing Base Certificates.
• Ensures that the Borrowing Base is in-compliance and being managed per the terms and conditions stipulated in the Loan Approval.
• When leading an Examination, manages the due diligence process and directs the daily progress of field work performed by the other Field Examiners assigned to the Examination to ensure all assignments and duties are completed in an accurate and timely manner.
• Trains junior and new Field Examiners.

Benefits

• PNC offers a comprehensive range of benefits to help meet your needs now and in the future.
• Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.
• In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
• To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards .

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level