Field Examiner II

Asset-Based Lending Field Examiner II

This position serves Republic Business Credit which is a subsidiary of Renasant Bank. The Asset-Based Lending (ABL) Field Examiner II role is responsible for conducting on-site evaluations of current and potential borrower financial records and operations. This role is crucial for verifying the existence, eligibility, and accurate valuation of collateral (primarily accounts receivable and inventory), identifying potential risks, and ensuring compliance within RBC's lending agreements and credit policies. The Field Examiner II is expected to own examinations end-to-end, from scoping and fieldwork planning through execution and delivery of the final report, with minimal supervision, exercising sound professional judgment throughout. The Field Examiner II is assigned to the Company's more complex engagements, including new business surveys (initial examinations), inventory-intensive borrowers, larger commitments, and watchlist or problem credits. The Field Examiner II will independently prepare comprehensive reports with key findings and recommendations, directly contributing to sound lending decisions and effective risk mitigation for our financial institution. The individual in this position will also serve as a professional ambassador for Republic Business Credit while in the field.

Location listed is preferred office location but other locations within the Republic Business Credit footprint may be considered based upon convenience and business necessity.

REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS

Responsibilities

Travel Requirements

• Examinations may take place fully onsite at Borrower locations or in a hybrid on-site/remote environment. This position requires a valid driver's license and the ability to travel between 30% to 50% of the time, reflecting the need for on-site examinations and interactions with clients. Overnight travel is required on a regular basis.

Core Examination & Analysis

• Conduct On-Site and Remote Field Examinations: Independently plan, scope, and execute in-depth evaluations of a borrower's financial records, collateral (primarily accounts receivable and inventory), and operational practices, serving as the examiner of record from kickoff through final report issuance without day-to-day supervision, with a focus on complex engagements such as new business surveys (initial exams), inventory-intensive collateral, larger commitments, and problem credits.
• Collateral Verification: Physically inspect and verify the existence, location, and condition of pledged collateral (e.g., inventory counts, review of shipping documents for receivables).
• Accounts Receivable Analysis: Review accounts receivable aging reports to assess collectability, identify concentrations, and determine eligible collateral. Analyze sales, cash receipts, credit memos, and returns to calculate dilution and evaluate trends. Confirm the validity and existence of receivables through customer confirmations or other verification methods.
• Inventory Analysis: Assess the quality, obsolescence, and marketability of inventory. Perform test counts and reconcile physical inventory to book records. Evaluate inventory valuation methodologies (e.g., FIFO, LIFO, average cost). Review inventory turnover and identify slow-moving or obsolete items. Verify inventory locations and ensure proper insurance coverage.
• Financial Statement Analysis: Conduct in-depth analysis of financial statements (balance sheets, income statements, cash flow statements) to identify credit risks, trends, and deteriorating financial situations.
• Borrowing Base Certificate (BBC) Validation: Reconcile and validate the accuracy of the borrower's submitted borrowing base certificate against their books and records and the loan agreement's eligibility criteria.
• Internal Control Assessment: Evaluate the borrower's internal accounting systems, procedures, and financial reporting processes to assess their reliability, accuracy, and adherence to sound business practices.
• Identify Risks and Red Flags: Proactively identify potential risks such as fraud indicators, operational inefficiencies, accounting irregularities, unrecorded liabilities (e.g., tax liens, payroll taxes), and compliance breaches.
• Review of Other Assets/Liabilities: Review fixed assets, accounts payable, taxes (sales, payroll), and other liabilities that could impact the collateral or the borrower's financial health.
• Loan Agreement Compliance: Ensure the borrower's operations and reporting are in compliance with the terms and covenants of the loan agreement.

Reporting & Communication

• Prepare Comprehensive Reports: Create detailed, clear, and concise written reports summarizing examination findings, highlighting key issues, risks, and recommendations.
• Develop Executive Summaries: Craft executive summaries that provide a high-level overview of the examination results for senior management and credit teams.
• Propose Recommendations: Suggest appropriate formula advance rates, reserves, and ongoing monitoring strategies based on examination findings.
• Communicate Findings: Effectively communicate significant exam findings, concerns, and recommendations to lenders, credit personnel, and management both verbally and in writing.
• Client Interaction: Professionally interact with borrower management and staff to gather information, clarify discrepancies, and discuss findings. This role represents the Company in the field and always requires professional behavior.

Operational & Professional Development

• Maintain Professionalism: Represent the lending institution with the highest level of professionalism, integrity, and ethical conduct during all client interactions.
• Utilize Technology: Proficiently use data analysis tools, Microsoft Excel, Word, PowerPoint, Outlook, and potentially specialized audit or data mining software.
• Problem Solving: Demonstrate strong analytical and problem-solving skills to identify, investigate, and resolve complex financial and operational issues.
• Continuous Learning: Stay informed about industry trends, accounting standards (GAAP), and ABL best practices.
• Mentoring/Training: Actively train and mentor Field Examiner I staff, including reviewing their workpapers and providing on-the-job guidance during joint examinations; may lead complex examinations and participate in strategic planning.
• Perform other related duties as needed to support the business as required.
• Work in the office as scheduled or otherwise required by their direct manager, which is expected to be a minimum of three days a week, Tuesday through Thursday, and as business needs arise.

Qualifications

• Bachelor's degree or equivalent work experience
• 3+ years of ABL experience, commercial lending, audit, or accounting experience
• Advanced communication skills
• Advanced organizational skills
• Advanced understanding of accounting
• CFE, CPA, or progress toward either designation is preferred
• Advanced Microsoft Excel skills
• Excellent verbal and written communication skills
• Excellent attention to detail
• Ability to manage complex examinations independently from planning through final report, exercising sound judgment with minimal supervision, while also collaborating effectively in a team environment
• Ability to handle clients in a robust but professional manner
• Ability to meet deadlines, manage expectations, and handle multiple priorities simultaneously
• Ability to work with a computer and browser-based platforms as well as various software including but not limited to Word, Excel, Google Sheets, Adobe, Zoom, and Teams
• Advanced Problem-solving and analytical skills and with the ability to recommend appropriate solutions
• Ability and willingness to travel by various means as required to fulfill the duties of the role

Physical Demands

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment

The Bank's professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word "May".

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and