Manager, Diligence Services

Gordon Brothers•Boston, MA

6d•$122,762 - $146,200•Remote

About The Position

Since 1903, Gordon Brothers has helped companies unlock the potential of their assets. Our solutions-oriented approach combined with over 120 years of industry knowledge enables clients to get the most value from their assets with tailored solutions across asset services, asset lending and financing, and asset trading. Leveraging our deep expertise in retail, industrial, brands and real estate, we work closely with clients globally to determine the value of, lend against, or buy and sell their assets to help them achieve their business goals. At Gordon Brothers, we foster a culture of collaboration and creativity to find unique and innovative solutions for our clients. We take pride in fostering an engaging, inclusive culture and encouraging employees to bring new ideas to the table, develop their skills, and build dynamic and fulfilling careers. For more information, please visit www.gordonbrothers.com. Description Employer: Gordon Brothers Group LLC Position: Manager, Diligence Services (RFF# 6001) Location: 101 Huntington Ave, Suite 1100, Boston, MA 02199 Duties: As a member of collateral examination team, participate in the execution of asset-based field examinations, including analytic and auditing tasks. Lead field work and interact with borrowers and the financial institution credit team. Serve as the primary client contact on engagements, liaise with banks for project funding. Perform pre-loan surveys, pre-funding examinations and rotational field and collateral monitoring examinations to assist lenders in evaluating the integrity of their customer’s collateral, review the asset-based borrower's collateral records and financial reports to determine/assess collateral values. Apply principles of accounting to analyze financial information, accounting records to determine the financial status of establishment; review books and records, analyze accounts payable, bank statements, tax payments and filing status, insurance, sources, uses of cash and financial statement reviews Perform and document audit activities in accordance with professional standards and methodologies. Perform detail testing as defined by the field examination program to analyze and validate information. Evaluate accounting system controls and data integrity. Verify that collateral is being reported and managed per the terms and conditions stipulated in the Loan Document. Document findings/results concerning the operating procedures and compliance with the covenants of financial institutions and commercial lenders; prepare exam reports highlighting areas of risk and exposure, material variances, conclusions reached from testing results, and related recommendations for improvement. May telecommute from any US location to Corporate Headquarters in Boston, MA. Travel 20% of time for onsite work at client locations.

Requirements

Bachelor’s degree (or foreign equivalent) in accounting, finance or a closely related field, plus five years of experience.
Experience must include the following: Asset Based Lending (ABL) field examination; financial books, records and financial auditing; borrowing base lending; financial statements, including balance sheets and income statements; accounting, GAAP principles.
The required skills do not need to be maintained over the full term of required experience.

Responsibilities

As a member of collateral examination team, participate in the execution of asset-based field examinations, including analytic and auditing tasks.
Lead field work and interact with borrowers and the financial institution credit team.
Serve as the primary client contact on engagements, liaise with banks for project funding.
Perform pre-loan surveys, pre-funding examinations and rotational field and collateral monitoring examinations to assist lenders in evaluating the integrity of their customer’s collateral, review the asset-based borrower's collateral records and financial reports to determine/assess collateral values.
Apply principles of accounting to analyze financial information, accounting records to determine the financial status of establishment; review books and records, analyze accounts payable, bank statements, tax payments and filing status, insurance, sources, uses of cash and financial statement reviews
Perform and document audit activities in accordance with professional standards and methodologies.
Perform detail testing as defined by the field examination program to analyze and validate information.
Evaluate accounting system controls and data integrity.
Verify that collateral is being reported and managed per the terms and conditions stipulated in the Loan Document.
Document findings/results concerning the operating procedures and compliance with the covenants of financial institutions and commercial lenders; prepare exam reports highlighting areas of risk and exposure, material variances, conclusions reached from testing results, and related recommendations for improvement.