Field Examiner II

Overview

Employer:
Republic Business Credit, a subsidiary of Renasant Bank

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

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…