NATL ABL AUDIT SPECIALIST
This position is responsible for conducting collateral examinations on new, potential loan customers and highly complex and/or troubles borrowers. The primary purpose of this position is to evaluate collateral related to the existence and valuation of accounts receivable and/or inventory balances to be relied upon in the extension of credit to borrowers: 1) new, 2) poor performing and/or 3)select specialized industries.
Position Responsibilities:
- Conduct Collateral Exams; Performance of due diligence (over $5MM or considered higher risk), collateral exams ensuring productive performance, responsiveness to internal customer needs, and adherence to CEG prescribed controls, policies, and procedures; Performance of the most complex field exams, including those requiring travel across regions and for companies within targeted specialized industries; As appropriate, schedule post exam meetings with business unit and credit managers to discuss collateral issues/areas of concern noted during examination; Provide recommendations for improvement for lender communication with borrowers. Assist CEG Market Manager in monitoring the effectiveness of current market/industry policies and procedures and recommend enhancements to ensure maximum protection of the Bank's assets; Timely communication and escalation of critical exam findings, concerns, or suspicion of fraud between CEG and the lending, credit, and fraud areas; Knowledge of all key aspects of CEG market activity, including outstanding critical findings, for daily interaction with CEG, Lending, and Credit management.
- Perform comprehensive reviews of field exams as assigned by CEG Market Manager to ensure accuracy and proper identification of issues while proactively identifying/addressing potential risks in the ABL field exam process. Maintain a high standard for the accuracy and quality of field exam reports and workpapers. Perform inventory evaluations, as necessary. Stay fully informed about field exams by reading and reviewing daily updates. Address any concerns immediately to minimize impact. Communicate/elevate issues to CEG Market Manager as applicable.
- Staff Development in conjunction with CEG Market Manager and National CEG leader, assist in the developing ways to share subject matter expertise with CEG colleagues, particularly those whose do not work on the most complex exams.
Position Qualifications:
- Bachelor's Degree from an accredited university in Accounting; Banking; Finance; General Business preferred
- 6 years of experience in Collateral Field Examination
For candidates hired in the state of California, Colorado, Washington, New York, Illinois, Maryland, New Jersey, or Massachusetts the expected salary/On-Target Earnings (OTE) range for the role is currently:
- California - $81,600 - $152,500 Annually
Salary Range(s) is subject to change. Comerica Bank takes several factors into account when determining individual starting pay. These include but are not limited to position, grade level, location/metropolitan area, skillset, and peer compensation. Comerica Bank considers the employer's work location to determine the pay range. About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
$5MM or considered higher risk), collateral exams ensuring productive performance, responsiveness to internal customer needs, and adherence to CEG prescribed controls, policies, and procedures; Performance of the most complex field exams, including those
life insurance, parental leave, paid time off, sick time, 401(k)
Apr 11, 2025