Manager, Diligence Services

About Gordon Brothers:
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

As a key member of the collateral examination team, you will participate in the execution of asset-based field examinations, including analytic and auditing tasks, documenting and evaluating controls, and implementing test work. You will lead field work and interact directly with borrowers and the financial institution credit team.

Our ideal candidate will have experience with complex field exams with multiple sets of books in a variety of industries and experience leading an exam. Strong analytical skills, verbal and written communication skills and Excel/data mining skills are important for success in this role.

Job Responsibilities / Essential Job Functions

• Performs 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; reviews the asset-based borrower's collateral records and financial reports to determine/assess collateral values that secure loans to identify and highlight areas of collateral weakness, of potential risk exposure, and to detect fraudulent activity.

• Applies principles of accounting to analyze financial information, examine and analyst accounting records to determine the financial status of establishment; in addition to focusing on accounts receivable, inventory, or other assets supporting the Borrowing Bases, the audits will include a review of books and records; analyses of accounts payable, bank statements, tax payments and filing status, insurance, sources, uses of cash and financial statement reviews that include other assets, other liabilities, and equity accounts. 

• Effectively performs and documents audit activities in accordance with professional standards and methodologies.

• Performs detail testing as defined by the field examination program to analyze and validate information.

• Applies principles of accounting to analyze financial information, examine and analyst accounting records to determine the financial status of establishment; in addition to focusing on accounts receivable, inventory, or other assets supporting the Borrowing Bases, the audits will include a review of books and records; analyses of accounts payable, bank statements, tax payments and filing status, insurance, sources, uses of cash and financial statement reviews that include other assets, other liabilities, and equity accounts. 

• Verifies that collateral is being reported and managed per the terms and conditions stipulated in the Loan Document.

• Documents findings/results concerning the operating procedures and compliance with the covenants of financial institutions and commercial lenders; prepares clear and concise high level written exam reports highlighting areas of risk and exposure, material variances, conclusions reached from testing results, and related recommendations for improvement, if necessary. Such reports are utilized to verify and/or determine the credit worthiness of the collateral securing the existing and/or prospective loans and to make informed credit decisions.

• Serves as the primary client contact on engagements; liaise with banks for project funding.

• Applies principles of accounting to analyze financial information, examine and analyst accounting records to determine the financial status of establishment; in addition to focusing on accounts receivable, inventory, or other assets supporting the Borrowing Bases, the audits will include a review of books and records; analyses of accounts payable, bank statements, tax payments and filing status, insurance, sources, uses of cash and financial statement reviews that include other assets, other liabilities, and equity accounts. 

 

Education, Experience

• Bachelor’s Degree or equivalent experience with a concentration in Accounting, Business, Audit or Finance.

• At least 5 years of prior experience in Asset Based Lending (ABL) field examination required

• Financial books and records or financial auditing experience required; forensic accounting/ financial due diligence experience helpful.

 

Knowledge, Skills, Abilities

• Knowledge of borrowing base lending, Asset Based Lending (ABL), or other forms of secured finance.

• Knowledge of financial statements, including balance sheets and income statements; familiarity with GAAP principles.

• Demonstrated advanced proficiency with computer applications in a Microsoft Windows-based environment.  Proficiency with MS Excel and Word is required. Working knowledge of MS PowerPoint is preferred. 

• Strong accounting, audit, and writing skills.

• Knowledge of and ability to utilize tools, techniques and processes for research, data gathering and reporting.

• Attention to detail; ability to process information with high levels of accuracy.

• Demonstrated critical thinking and analytical capabilities.

• Excellent verbal and written communication skills are required.

• A high degree of integrity and business acumen.

• Highly motivated and able to work both in a team environment and independently.

• Excellent interpersonal and organizational skills.

• Strong time management skills.

• Ability to travel is required to visit borrower locations within the U.S. roughly 10-25% of the year.

Gordon Brothers offers a very competitive total compensation package, including base salary and bonus plan, health insurance, dental benefits, a generous 401(k) match, time off benefits, and more.

In compliance with the Americans with Disabilities Act (ADA), please contact the Human Resources department if you have a disability and need reasonable accommodation with any part the application process.  Requests will be considered on a case-by-case basis.
 

Gordon Brothers is an Equal Opportunity Employer.

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