Job Description: Responsible for verifying the quality of collateral pledged to the Bank to secure commercial loans. Performs collateral examinations focusing on accounts receivable and inventory for prospective and existing borrowers.
ESSENTIAL JOB FUNCTIONS
Performs initial exams for prospective client evaluation, recurring scheduled field examinations for existing Asset Based Lending clients, and exams of clients of other divisions of the Bank, as assigned.
Meets with the Relationship Managers, Portfolio Managers and Field Examination Manager before each assignment to define exam objectives, during exams as circumstances warrant to discuss issues, and after exams to thoroughly communicate examination findings and recommendations.
Communicates exam findings and recommendations in a written report to Field Examination Manager and Portfolio Manager, revealing and discussing significant issues, and recommending corrective measures for issues noted.
Conducts peer review on examinations performed by other departmental examiners. Tracks hours spent on each job to ensure proper billing to the client or internal cost center.
When an issue develops during on-site work, the Examiner must be capable of isolating the issue, potentially creating a workpaper specifically designed to best analyze the concern. Assist the Field Exam Manager in the training of a new Examiner.
4 years of experience performing field exams of Asset Based Lending clients.
Either a Bachelor's degree in Accounting OR comparable experience in the Accounting industry with strong knowledge of all aspects of accounting/bookwork and its intricacies.
Demonstrate a clear understanding of accounts receivable and inventory as collateral.
The ability to make logical and well supported audit conclusions and recommendations regarding accounts receivable, inventory, accounts payable and other pertinent field examination areas.
The ability to design and implement appropriate field exam procedures when unusual collateral or reporting circumstances exist.
Strong knowledge of Word and Excel, to include writing Excel formulas
Knowledge of data extraction tool Monarch Pro
Completion of CFA Field Examiner and Inventory Evaluation seminar series
Travel required to visit client facilities.
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.
ABOUT THE BUSINESS:
Key Enterprise Risk Management provides leadership on risk management strategies and initiatives for credit, market, compliance and operational risk, as well as portfolio management, quantitative analytics and asset recovery activities. Key's objective is to achieve and sustain strong enterprise risk management practices consistent with industry standards and regulatory expectations in support of business strategies. To reach this goal, risk is identified, measured and managed in a manner that promotes effective decision-making and instills accountability. A strong risk culture is critical to achieving our vision to become the best regional bank in the U.S.
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Keybank National Association