National Asset Based Audit Specialist

Comerica • Walnut Creek, CA

267d • $81,600 - $152,500 • Remote

About The Position

The National Asset Based Audit Specialist position is responsible for conducting collateral examinations on new, potential loan customers and highly complex and/or troubled borrowers. The primary purpose of this position is to evaluate collateral related to the existence and valuation of accounts receivable and/or inventory balances to be relied upon in the extension of credit to borrowers: 1) new, 2) poor performing and/or 3) select specialized industries.

Requirements

• Bachelor's Degree from an accredited university in Accounting; Banking; Finance; General Business preferred.
• 6 years of experience in Collateral Field Examination.

Responsibilities

• Conduct Collateral Exams; Performance of due diligence (over $5MM or considered higher risk), collateral exams ensuring productive performance, responsiveness to internal customer needs, and adherence to CEG prescribed controls, policies, and procedures.
• Performance of the most complex field exams, including those requiring travel across regions and for companies within targeted specialized industries.
• Schedule post exam meetings with business unit and credit managers to discuss collateral issues/areas of concern noted during examination.
• Provide recommendations for improvement for lender communication with borrowers.
• Assist CEG Market Manager in monitoring the effectiveness of current market/industry policies and procedures and recommend enhancements to ensure maximum protection of the Bank's assets.
• Timely communication and escalation of critical exam findings, concerns, or suspicion of fraud between CEG and the lending, credit, and fraud areas.
• Perform comprehensive reviews of field exams as assigned by CEG Market Manager to ensure accuracy and proper identification of issues while proactively identifying/addressing potential risks in the ABL field exam process.
• Maintain a high standard for the accuracy and quality of field exam reports and workpapers.
• Perform inventory evaluations, as necessary.
• Stay fully informed about field exams by reading and reviewing daily updates.
• Address any concerns immediately to minimize impact.
• Communicate/elevate issues to CEG Market Manager as applicable.
• Assist in developing ways to share subject matter expertise with CEG colleagues, particularly those who do not work on the most complex exams.

Benefits

• Comprehensive Total Rewards package designed to recognize and reward individual performance.
• Health and welfare programs.
• Strong retirement benefits.
• Generous paid time off programs.
• Medical, dental, and vision benefits.
• 401(k) and pension.
• Income protection benefits such as life insurance, AD&D, and supplemental health programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree