Join us today as an Commercial Auditor!
First Business Bank is a Top Workplaces USA company, learn moreย here. ย ย
At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority โ 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 otherโs differences, and a focus on improving our communities, we are confident youโll find the experience is your advantage. Weโre delighted youโre 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.ย
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. ย ย ย ย
The Commercial Auditor will conduct audits ranging from being onsite to virtual.ย 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.ย ย ย ย
Essential responsibilities of the Commercial Auditor:ย ย ย
- 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 Bankโs 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:ย ย ย
- Bachelorโs degree โpreferably in a Business degree
- Desire to travel; overnight and out-of-state travel is required, up to 25% of the time.ย
- 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