National Asset Based Audit Specialist

Comerica Bank; Walnut Creek (CA); Remote; USD 81,000 - 153,000; Full time

Job summary

An established industry player is seeking a NATL ABL Audit Specialist to conduct thorough collateral examinations for new and troubled borrowers. This role involves evaluating accounts receivable and inventory balances, ensuring compliance with internal controls and policies. The ideal candidate will have significant experience in collateral field examination and a relevant bachelor's degree. This position offers the flexibility of 100% remote work, allowing you to contribute to a dynamic team while maintaining a work-life balance. Join a company that values diversity and invests in your future through competitive rewards and comprehensive benefits.

Benefits

Competitive Salary

Comprehensive Benefits

Retirement Plans

Paid Time Off

Qualifications

• 6+ years of experience in Collateral Field Examination.
• Bachelor's Degree in relevant fields from an accredited university.

Responsibilities

• Conduct collateral exams on loans over $5MM, ensuring adherence to policies.
• Perform comprehensive reviews of field exams for accuracy and issue identification.
• Assist in staff development by sharing expertise with colleagues.

Skills

Collateral Examination

Due Diligence

Report Quality Assurance

Communication Skills

Inventory Evaluation

Education

Bachelor's Degree in Accounting

Bachelor's Degree in Banking

Bachelor's Degree in Finance

Bachelor's Degree in General Business

Job description

NATL ABL AUDIT SPECIALIST

This position is responsible for conducting collateral examinations on new, potential loan customers and highly complex and/or troubled borrowers. The primary purpose of this position is to evaluate collateral related to the existence and valuation of accounts receivable and/or inventory balances to be relied upon in the extension of credit to borrowers: 1) new, 2) poor performing, and/or 3) select specialized industries.

Position Responsibilities:

1. Conduct Collateral Exams; perform due diligence on loans over $5MM or considered higher risk, ensuring productive performance, responsiveness to internal customer needs, and adherence to controls, policies, and procedures. Perform complex field exams, including travel across regions and for companies within targeted specialized industries. Schedule post-exam meetings with business unit and credit managers to discuss collateral issues and provide recommendations for improvement. Assist in monitoring the effectiveness of market/industry policies and procedures, and recommend enhancements. Communicate and escalate critical exam findings, concerns, or suspicions of fraud promptly. Maintain knowledge of all key aspects of CEG market activity and interact daily with management.
2. Perform comprehensive reviews of field exams to ensure accuracy and proper issue identification. Maintain high standards for report quality and workpapers. Conduct inventory evaluations as needed. Stay informed about field exams through daily updates, address concerns immediately, and communicate issues to the CEG Market Manager.
3. Assist in staff development by sharing subject matter expertise with colleagues, especially those working on less complex exams.

Position Qualifications:

• Bachelor's Degree in Accounting, Banking, Finance, or General Business from an accredited university.
• Minimum of 6 years of experience in Collateral Field Examination.

Work Details:

• Work Category: Category E - 100% remote
• Hours: 8:00 am - 5:00 pm, Monday - Friday

Salary Range (California, Colorado, Washington, New York, Illinois, Maryland, New Jersey, Massachusetts):

• $81,600 - $152,500 annually

Salary is subject to change and varies based on factors including location, experience, and skillset.

About Comerica:

We invest in our employees' futures through comprehensive Total Rewards, including competitive salary, benefits, retirement plans, and paid time off. We conduct background checks and require NMLS certification where applicable. Comerica is an equal opportunity employer committed to diversity and inclusion.