Commercial Credit Analyst Jobs

The Account Executive monitors the financial health and performance of the client and the client’s collateral for an assigned portfolio of clients by tracking changes and trends in the financial and collateral reports provided by the clients. It is expected that the account executive will maintain the integrity of our client's collateral while maintaining a positive and professional working relationship with the client. The Account Executive is the primary contact with the client’s executive management team. The Account Executive enforces the financial and collateral reporting requirements needed to safely finance the client and determines that the collateral is adequate and performing as required to mitigate risk.

Responsibilities include, but are not limited to, the following:

• Reviewing all disbursement requests including net proceeds from collections, advance requests, and cas reserve withdrawal requests, and reporting to the CEO, any that may be inappropriate or would dilute client cash reserves needed for Tax Liens, OOP Expenses or other loan obligations owed to our client.
• Preparing Credit Approval Memos or Credit Approval Forms as needed to gain approval and document changes to client credit facilities.
• Maintaining frequent contact with clients to obtain financial reports, AR, AP agings, tax payment information and other relevant financial information as required and to keep abreast of client needs and business issues.
• Reviewing client daily funding packages for completeness and accuracy.
• Reviewing the sufficiency and validity of all collateral, assignment, and confirming backup documents presented to our client by the client.
• Explain the rationale for client requirements.
• Reviewing and monitoring the process, delivery, receipt, handling, data entry and production of documents related to the funding of client accounts receivable purchased by or assigned to our client.
• Interfacing with team members and the client concerning a) the collection of accounts receivable, b) the status and necessary steps to obtaining outstanding (i) Assignment of Claims, (ii) Notices of Assignment, and (iii) mods to contracts, and c) the creation and proper notification of commercial account debtors pursuant to UCC 9-406.
• Reviewing the reconciliation of daily cash receipts as indicated on daily ACH, Lockbox and check lists vis-à-vis data entry of payments and settlements, and initiating changes as necessary.
• Anticipate client needs and make recommendations to help the relationship run smoothly and perhaps enhance the client’s operation.
• Periodically reviewing and updating the Account Service Guides to assure that they are current and accurately outline the client relationship.
• Ascertaining, prior to approving new purchases or advances, that contracts or contract mods haven’t expired and that funding for contracts has been approved.
• Attending and actively participating in Post-Closing Review meetings for new clients and in monthly Portfolio Review Meetings to analyze client performance and risk parameter As the primary contact with the client it is paramount that the AE develop a positive working relationship with clients.
• Documenting meetings and important developments by preparing Credit Memos for the file describing the purpose, result, conclusions, recommendations or follow-up items resulting from the meeting or development.
• Performing analysis of client AR, AP and financial performance to ascertain trends that might impact overall client performance and create greater risk for our client.
• Reviewing new contracts, amendments, mods, and new task and delivery orders for both commercial and federal government contracts and determining the necessary steps to assure the proper and effective assignment of accounts to our client.
• Monitoring the status of client tax payments, including payroll and sales taxes, tax liens, judgment filings, UCC’s, etc. on an ongoing basis to safeguard our client's priority status on its collateral.
• Reviewing and identifying and correctly filing all documents in accordance with the approved file structure and periodically reviewing file contents to make sure they are maintained in proper order and are up to date.
• Attending collection meetings to assure that timely calls are being made on invoices exceeding 45 days outstanding and follow up on any issues raised.
• Reviewing D&B reports for new account debtors/obligors prior to purchasing invoices from clients and recommending appropriate credit limits to the CEO. Reviewing and analyzing accounts receivable outstanding reports on a weekly or more frequent basis, but particularly when new requests for funding are submitted to our client.
• Identifying, from the Outstanding's Report, invoices which require collection follow up.
• Reviewing the application of cash receipts including funds to cash reserve to ensure they are properly applied.
• Reconciling client provided AR and AP agings and other collateral reports to BBC’s and client's collateral records and client provided financial statements at least monthly.
• Periodically reviewing and recommending changes to client risk ratings to assure their accuracy.