Collateral Examiner III - (Remote Oppty)

Company: Silicon Valley Bank
Location: Santa Clara
Posted on: August 7, 2022

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