Asset Based Lending & Factoring Field Examiner

JOB SUMMARY:

Primarily responsible for performing Field Examinations on both existing borrowers and prospects during the initial underwriting of the facility.  Examinations may take place fully onsite at Borrower locations or in a remote environment.  Position will work with the SBF Portfolio and Underwriting team in order to produce detailed collateral and process review of the existing / prospective clients, that is vital in enabling a sound credit decision to be made by Seacoast Business Funding’s (SBF) Senior Management Team consistent with current loan policies and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Performs independent analysis on existing 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, managerial control oversight and borrower’s accounting personnel.
• Verifies that collateral is being reported and managed per the terms and conditions stipulated in the Loan / Purchasing Document.
• Prepares the more complex Field Examination reports and supporting workpapers that highlight germane findings and material variances found, conclusions reached, and related recommendations for improvement if necessary. Such reports are utilized by SBF Senior and Portfolio Management to verify and/or determine the credit worthiness of collateral securing the existing and/or prospective loans and to make informed credit decisions.
• Communicates and escalates significant exam findings, concerns, delays, or borrower limitations to lending and credit personnel.
• Participates in meetings with SBF Portfolio and Senior Management Team 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.

EDUCATION and/or EXPERIENCE:

• Bachelor’s degree from a four-year college or university required; preferably in Accounting/Finance or Business. Graduate coursework and/or degree preferred.
• Experience: 5-15+ years’ experience in a Field Examiner and/or Underwriting position within the Factoring or ABL industry

The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position.  They are not intended to be an exhaustive list of responsibilities, duties, and skills.  Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry.  It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles.  This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.