What are the responsibilities and job description for the Commercial Auditor position at First Business Bank?
Join us today as an Commercial Auditor!
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At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority — they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other’s differences, and a focus on improving our communities, we are confident you’ll find the experience is your advantage. We’re delighted you’re considering joining us!
Work Model: To be based out of our Brookfield or Madison, WI office with flexibility to come into the office once per week.OVERVIEW: Occasional travel to start after 9 months of employment not to exceed 25% of the role. Typical clients are out of state and require one overnight trip. At least two weeks of notice will be given on travel schedule.
The Commercial Auditor will conduct audits ranging from being onsite to virtual. Auditing of both prospective and existing client businesses which includes completing a variety of testing and sampling procedures on client or prospect financial/accounting records with a focus on accounts receivable, inventory, accounts payable, and cash accounts.
Essential responsibilities of the Commercial Auditor:
- Perform client audits, evaluating collateral through inspection, testing, ratio analysis, and inquiries of customer personnel.
- Assess whether or not financial records (collateral and financial statements) are reliable by analyzing client records, procedures, and controls.
- Determine quality of working capital collateral to determine collectability of accounts receivable and recovery value of inventory in a liquidation scenario.
- Recommend plans of action to minimize areas of potential exposure to the Bank’s collateral position.
- Submit well-written, clear, and concise reports, highlighting major issues regarding collateral risk, exposure, and any other significant findings found while in the field.
Position Requirements:
- Bachelor’s degree –preferably in a Business degree
- Desire to travel; overnight and out-of-state travel is required, up to 25% of the time.
- Demonstrated understanding of accounting and financial principles
- Demonstrated success with written communication, and ability to assess and analyze information, formulate conclusions and recommendations, and prepare well-written reports that will be reviewed and presented
- Strong desire to be curious and inquisitive, and self-confidence to ask questions