Field Exam Analyst, Asset-Based Lending

PNC Financial Services Group; New York (NY); Hybrid; USD 45,000 - 105,000; Full time

Benefits offered by this job

Medical/prescription coverage

401(k) with PNC match

Paid time off and holidays

Job summary

PNC Financial Services Group is seeking a Field Exam Analyst in the Business Credit organization, based at one of several U.S. locations.

You will evaluate borrowers' financial records, collateral and operational processes to assess risk, and travel regularly for on-site examinations, including overnight trips. Responsibilities include leading examinations, preparing field examination reports, and presenting findings to lenders and relationship managers.

Qualifications

• Minimum 1+ years of Asset Based Lending (ABL) Field Exam experience.
• Familiarity with corporate accounting through coursework and/or job experience.
• Advanced Excel skills.

Responsibilities

• Leads less complex Field Examinations on existing and prospective borrowers and assists on Field Examinations led by other examiners. Examinations can take place fully onsite at Borrower locations or in a hybrid on-site/remote environment.
• 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 borrowers accounting personnel.
• Prepares Field Examination reports and supporting workpapers that (i) highlight germane findings and material variances found, conclusions reached, and related recommendations for improvement if necessary. Such reports are utilized by Portfolio Management to confirm the credit worthiness of the collateral securing the loan and to make informed credit decisions.
• Communicates and escalates significant exam findings, concerns, delays, or borrower limitations to lending and credit personnel. Makes recommendations as it relates to the collateral supporting the loan and/or issues and concerns that are raised during the Field Exam due diligence process. Participates in meetings with the Relationship Manager and/or existing Borrower's representatives (typically the CFO, CEO and/or Controller of the company) 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.
• When leading an Examination, manages the due diligence process and directs the daily progress of field work performed by the other Field Examiners assigned to the Examination to ensure all assignments and duties are completed in an accurate and timely manner

Skills

ABL Field Exam

Corporate accounting

Advanced Excel

Education

Bachelors

Job description

PNC Financial Services Group is seeking a Field Exam Analyst in the Business Credit organization, based at one of several U.S. locations.

You will evaluate borrowers' financial records, collateral and operational processes to assess risk, and travel regularly for on-site examinations, including overnight trips. Responsibilities include leading examinations, preparing field examination reports, and presenting findings to lenders and relationship managers.