Field Examiner Sr
Company: PNC Financial Services Group
Location: East Brunswick
Posted on: October 3, 2019
At PNC, our people are our greatest differentiator and competitive
advantage in the markets we serve. We are all united in delivering
the best experience for our customers. As an ABL Field Examiner Sr,
Field Examiner or Field Exam Analyst within PNC's Business Credit
organization, you will be based in East Brunswick, NJ.
Travel for this role will range from 50 - 75% based on business
Viable candidate will have backgrounds in Corporate Accounting or
Asset Based Lending.
- Performs independent analysis on existing and prospective
Borrower's collateral records and financial reports in order to
determine / assess collateral values that secure loans and/or
credit worthiness. 'Leads' the more critical / complex / higher
risk profile Field Examinations on existing and prospective
Borrowers, including Recurring Field Examinations on work out
credits, as well as New Business Surveys and Prefund Field
Examinations on prospective Borrowers.
- Performs in-depth testing, valuation and analysis of collateral
(generally Accounts Receivable and Inventory) securing the loans to
existing and prospective Borrowers in order to verify existence,
and to identify and highlight areas of collateral weakness or
deterioration. Evaluates accounting system controls and data
integrity, and managerial control oversight. Reviews and evaluates
borrowers accounting personnel. Verifies that collateral is being
reported and managed per the terms and conditions stipulated in the
- Prepares the more complex Field Examination Reports and
supporting workpapers that (i) highlight germane findings and
material variances found, conclusions reached, and related
recommendations for improvement if necessary. Such reports are
utilized by Portfolio Management and/or Credit Approval Committee
to verify and/or determine the credit worthiness of collateral
securing the existing and/or prospective loans and to make informed
- Communicates and escalates significant exam findings, concerns,
delays, or borrower limitations to lending and credit personnel.
Identifies and reports matters related to collateral risk. Makes
recommendations as it relates to the collateral supporting the loan
and/or issues and concerns that are raised during the Field Exam
due diligence process. Participates in meetings with the
Relationship Manager, deal team (Field Examiners, Appraisers,
Underwriters, Business Development Officers, and Credit Policy
Manager) and/or existing or prospective Borrowers representatives
(typically the CFO, CEO and/or Controller of the company) to
discuss any collateral issues/areas of concern.
- Confirms proper reporting of collateral on the Borrowing Base
Certificates. Ensures that the Borrowing Base is in compliance and
being managed per the terms and conditions stipulated in the Loan
Approval. Establishes the initial Borrowing Base Certificate (gross
collateral, ineligibles, reserves, etc.), which determines the
Eligible Revolver Availability on the day of funding, in addition
to on-going collateral reporting requirement for the new
account/borrower. Establishes initial reporting methods and
procedures for the submission of supporting collateral
documentation for new clients.
- Manages the due diligence process and directs the daily
progress of field work performed by the other Field Examiners
assigned to the Examination including both internal employees
and/or outsource Field Examiner vendors, while on-site at the
Borrowers premises, to ensure all assignments and duties are
completed in an accurate and timely manner. Trains junior and new
Field Examiners. Evaluates junior / new field examiners progress
and reports such to the Recurring Business Regional Field
Examination Manager. When necessary, reviews Field Examination
reports and workpapers performed / completed by less experienced
Field Examiners. Assists the Recurring Business Regional Field
Examination Manager on Special Projects as assigned.
PNC Employees take pride in our reputation and to continue building
upon that we expect our employees to be:
- Customer Focused - Knowledgeable of the values and practices
that align customer needs and satisfaction as primary
considerations in all business decisions and able to leverage that
information in creating customized customer solutions.
- Managing Risk - Assessing and effectively managing all of the
risks associated with their business objectives and activities to
ensure they adhere to and support PNC's Enterprise Risk Management
CompetenciesAccuracy and Attention to Detail Understanding of the
necessity and value of accuracy and attention to detail; ability to
process information with high levels of accuracy.
Collateral Management Knowledge of the concepts, objectives, tools
and methods used in collateral management; ability to implement and
develop collateral strategies for risk control and profit
Conflict Management Understanding of how to anticipate, recognize,
and deal effectively with existing or potential conflicts at the
individual, group, or situation level; ability to apply this
understanding appropriately to diverse situations.
Data Gathering and Reporting Knowledge of and ability to utilize
tools, techniques and processes for gathering and reporting data in
a particular department or division of a company.
Effective Communications Understanding of effective communication
concepts, tools and techniques; ability to effectively transmit,
receive, and accurately interpret ideas, information, and needs
through the application of appropriate communication behaviors.
Financial Statement Analysis Knowledge of tools, techniques, and
practices, and ability to analyze and determine the
credit-worthiness of a business enterprise through its financial
Flexibility and Adaptability Knowledge of successful approaches,
tools, and techniques for dealing with changes and adapting to a
changing environment; ability to adapt as needed.
Generally Accepted Accounting Principles (GAAP) Knowledge of the
generally accepted accounting principles and the ability to apply
them appropriately within the organization.
Managing Multiple Priorities Ability to manage multiple concurrent
objectives, projects, groups, or activities, making effective
judgments as to prioritizing and time allocation.
Problem Solving Knowledge of approaches, tools, techniques for
recognizing, anticipating, and resolving organizational,
operational or process problems; ability to apply this knowledge
appropriately to diverse situations.
Disability Accommodations Statement
The PNC workplace is inclusive and supportive of individual needs.
If you have a physical or other impairment that might require an
accommodation, including technical assistance with the PNC Careers
website or submission process, please call 877-968-7762 and select
Option 4: Recruiting or contact us via email at
The Human Resources Service Center hours of operation are Monday -
Friday 9:00 AM to 5:00 PM ET.
Equal Employment Opportunity (EEO)
PNC provides equal employment opportunity to qualified persons
regardless of race, color, sex, religion, national origin, age,
sexual orientation, gender identity, disability, veteran status, or
other categories protected by law.
Keywords: PNC Financial Services Group, East Brunswick , Field Examiner Sr, Other , East Brunswick, New Jersey
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