Collateral Examiner III - (Remote Oppty)
Company: Silicon Valley Bank
Location: Santa Clara
Posted on: August 7, 2022
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Job Description:
BE PART OF A BANK LIKE NO OTHER.When you work with the world's
most innovative companies, you know you're making a difference.Our
clients are the game changers, leaders and investors who fuel the
global innovation economy. They're the businesses behind the next
medical breakthroughs. And the visionaries whose new technologies
could transform the way people live and work.They come to SVB for
our expertise, deep network and nearly forty years of experience in
the industries we serve, and to partner with diverse teams of
passionate, enterprising SVBers, dedicated to an inclusive approach
to helping them grow and succeed at every stage of their
business.Join us at SVB and be part of bringing our clients'
world-changing ideas to life. At SVB, we have the opportunity to
grow and collectively make an impact by supporting the innovative
clients and communities SVB serves. We pride ourselves in having
both a diverse client roster and an equally diverse and inclusive
organization. And we work diligently to encourage all with
different ways of thinking, different ways of working, and
especially those traditionally underrepresented in technology and
financial services, to apply.Job DescriptionOur Collateral Exam
organization has an opportunity for a Collateral Examiner III.
Responsibilities are listed but not limited to: Perform audits -
Review clients' accounting books & records and independently
perform the following: Calculate the Ineligibles for A/R and
InventoryIndependently calculate availability based on records
provided by Client and structure per LSA. Compare and reconcile
when needed.Calculate Hard dilution based on a review of the A/R
G/L & credit memos.Perform an A/R invoice sample review for
verification of proper supporting documentation.Work with client to
understand and determine collectability of delinquent A/R
balances.Obtain deferred revenue detail and calculate potential A/R
offset.Perform independent physical test counts of inventory
pledged as support for ABL loans. This involves obtaining a
detailed inventory listing by skew and picking a sample to
physically inspect usually in the Client's warehouse or at a
third-party warehouse.Review A/P aging, test back to vendor
invoices, and work with client to determine payment status of
delinquent vendors.Review Cash accounts on G/L and determine where
A/R collections are being deposited.Determine based on deposits if
the Client is in compliance with meeting DominionReview payroll
taxes and payments to ensure they are paid current and do not
present a risk to SVB's loan.Obtain monthly Financial Statements
and spread last FYE and current interim period, complete CF
analysis.Work with G/L trial balance to detail out all the major
balance sheet amounts.Reconcile the G/L balance to subsidiary
journals for A/R, A/P, Cash, deferred revenue and inventory (when
part of the BB).Qualifications:Minimum of 4 years of related Asset
Based Lending audit or experience.Should be very strong on Excel
(pivot tables, lookup) and good with Word, Outlook, and computers
in general.Excellent credit analysis and good negotiation/diplomacy
skills are a plus. Bachelor's degree in Accounting or Finance or
equivalent related experience.Opportunity to be set up for
full-time remote home office capabilities. 2021 SVB Financial
Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON
VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are
trademarks of SVB Financial Group, used under license. Silicon
Valley Bank is a member of the FDIC and the Federal Reserve System.
Silicon Valley Bank is the California bank subsidiary of SVB
Financial Group (Nasdaq: SIVB).Equal Employment OpportunitySilicon
Valley Bank is an equal opportunity employer and is dedicated to
expanding its commitments and investments to create a more diverse,
equitable and inclusive company culture and innovation ecosystem.
We are strongly committed to the values and policy of equal
employment opportunity across our employment practices.Silicon
Valley Bank is registered in England and Wales at Alphabeta, 14-18
Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon
Valley Bank is authorised and regulated by the California
Department of Business Oversight and the United States Federal
Reserve Bank; authorised by the Prudential Regulation Authority
with number 577295; and subject to regulation by the Financial
Conduct Authority and limited regulation by the Prudential
Regulation Authority. Details about the extent of our regulation by
the Prudential Regulation Authority are available from us on
request.
Keywords: Silicon Valley Bank, Santa Clara , Collateral Examiner III - (Remote Oppty), Other , Santa Clara, California
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