Asset Based Lending Senior Associate/Manager

ABL Advisors LLC; Buffalo (NY); Remote; USD 70,000 - 100,000; Full time

Job summary

Join a forward-thinking firm as an Asset Based Lending Senior Associate/Manager, where you will leverage your expertise in accounting and finance to conduct remote audits and examinations of borrowers. This role offers the opportunity to assess the integrity of collateral assets and ensure compliance with lending guidelines, all while collaborating with key stakeholders. Ideal candidates will have a strong background in asset-based lending and financial analysis, along with excellent communication skills. This position allows for remote work, providing flexibility while engaging in meaningful assessments that impact lending decisions. If you're ready to make a difference in the financial landscape, this is the role for you.

Qualifications

• 5+ years in asset-based lending or financial statement audit required.
• Strong understanding of accounting principles and financial analysis.

Responsibilities

• Conduct remote examinations/audits of borrowers' assets.
• Prepare comprehensive field examination reports on findings.

Skills

Analytical skills

Communication skills

Financial analysis techniques

Credit risk assessment

Relationship development

Attention to detail

Education

Bachelor’s degree in accounting or finance

Master’s degree in accounting

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

Asset Based Lending Senior Associate/Manager

ABL Advisors LLC, Buffalo, NY

Base pay range: $70,000.00/yr - $100,000.00/yr

Position Overview: Seeking an accounting professional in the Western New York area, to work remotely, who will be responsible for conducting remote examinations/audits of potential or existing borrowers. Responsibilities will primarily focus on the value and integrity of the borrower's assets used as collateral for loans, by reviewing financial records, physically inspecting inventory, and assessing overall credit risk to ensure compliance with lending guidelines; this involves occasional travel to borrower locations and detailed report preparation on findings to credit stakeholders.

Key Responsibilities

1. Obtaining an overview and understanding of the client’s collateral and financial performance.
2. Preparing borrowing base calculation based on eligible collateral, ensuring compliance with loan agreements.
3. Obtaining, analyzing, and testing historical accounts receivable, inventory, accounts payable, and financial statements.
4. Verifying the existence of inventory through physical inspection.
5. Conducting high-level assessments of internal controls and financial reporting.
6. Documenting tasks performed on Excel-based field exam template.
7. Preparing comprehensive field examination reports that detail findings, observations, and recommendations regarding credit risk and loan approval decisions.
8. Collaborating extensively with company management, underwriters, portfolio managers, and other stakeholders to discuss findings and address any concerns regarding loan risk.

Required Skills and Qualifications

1. Bachelor’s degree in accounting or finance, or master’s degree in accounting required.
2. 5+ years of experience in asset-based lending, financial statement audit, or finance required.
3. CPA (Certified Public Accountant) a plus.
4. Willingness to travel to visit borrower locations.
5. Proficiency in Microsoft Excel, Word, and Outlook.
6. Ability to manipulate and analyze large data sets pulled from various accounting systems.
7. Strong understanding of accounting principles and financial analysis techniques.
8. Experience in assessing credit risk and evaluating collateral value.
9. Excellent written and verbal communication skills to effectively collaborate and clarify with borrowers, lenders, and present findings and recommendations to stakeholders.
10. Strong understanding and awareness of asset-based lending best practices and relevant regulations.
11. Strong interpersonal and relationship development skills.
12. Analytical skills with attention to detail and accuracy.
13. Ability to think critically while working in a fast-paced environment.

Seniority Level

Mid-Senior level

Employment Type

Full-time