Field Exam Manager I

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GENERAL FUNCTION:

The primary objectives of the Field Exam group are to assess the quality of a client’s accounting and financial reporting systems, determine the adequacy of collateral coverage and provide detailed observations and recommendations regarding credit structure and risk mitigation. Field exams concentrate on Structured Finance (Asset Based Lending) monitored and Commercial credits with borrowing base reporting, but may also include Financing, Business Banking, Special Assets and unsecured credits. This position interacts frequently with all levels of Commercial Sales and Credit areas. This position will manage and review comprehensive on-site field exams, performed by the Bank's group of approved Field Exam vendors, of existing and prospective commercial borrowers and is accountable for identifying and quantifying areas of risk and recommending ways the bank can mitigate or limit such risks associated with outstanding or proposed credit facilities.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Manage, including the selection, engagement and scheduling of vendor for on-site field exams, based on either recurring schedule or special requests from the line of business.

Obtain and review the most recent Credit Approval, Commercial Account Review Report, or Administrative Loan Status Report.
Discuss credit with Relationship Manager and Portfolio Manager to obtain his/her perspective of the credit and timing requirements, explain the outsourcing process , timing and any related fees to be paid by borrower.

Manage and escalate any issues or concerns raised by either field exam vendor or borrower during the field exam visit. Review the draft report and work papers to ensure that existing and/or potential risks are identified, supervising the outsource firm as necessary to obtain any additional information required to finalize the exam process. Determine recommendations to Sales and Credit management teams, based on findings at the Exam. Distribute all field exam reports within stated timeframes to Sales and Credit teams to obtain response on recommendations issued within the report. Escalate instances where responses are not received or are deficient in addressing risks. Assist in the preparation of field examination department management reports, including
monthly escalation reporting to Senior Sales and Credit teams on any outstanding report recommendations. Maintain a schedule detailing exams assigned to monitor the progress of Field Exams. Prepare and maintain work papers (data files) on all field exams performed for …