Collateral Manager jobs in Livonia, MI

Summary

SPECTRUM offers asset-based lending and accounts receivable factoring to businesses nationwide through referral sources such as banks, business brokers, consultants, and direct business to business contact.

As a Collateral Auditor at SPECTRUM Commercial Finance, you will be responsible for reviewing and auditing collateral documents ensuring proper execution and compliance.

Responsibilities

• Works directly with prospective and existing customers to schedule and coordinate periodic collateral audits.
• Conduct field examinations of prospective and existing customers including documentation of procedures performed, variances found, conclusions reached, and related recommendations for improvement.
• Analyze and evaluate collateral quality, collateral values and reporting capabilities of prospective and existing customers.
• Prepare audit reports and workpapers and makes recommendations to senior management regarding the prospect or customer and recommends any changes to the structure and/or monitoring of the loan.
• Other duties as assigned.

Skills/Experience/Education

• Bachelor’s degree in accounting, finance, business or other relevant discipline.
• Accounting or audit related work experience preferred.
• Ability to analyze financial statements and knowledge of accounts receivable and inventory auditing concepts.
• Strong written and oral communication and interpersonal skills.
• Ability to prioritize, organize and work independently to meet deadlines.

Essential Mental & Physical Requirements

• Ability to travel (up to 20%) to perform the essential job functions.
• Ability to work under stress and meet deadlines.
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

SPECTRUM Commercial Finance, LLC is a wholly owned subsidiary of Gulf Coast Bank & Trust Company. At SPECTRUM, we are proud to help companies that are rapidly growing or going through turnaround or transition. We provide financing secured by Accounts Receivable, Inventory, Equipment and Real Estate without the covenants or other restrictions common in bank loans. SPECTRUM understands the challenges businesses face and has the expertise, experience, and flexibility to provide financing tailored to the specific needs of a company.

Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.