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Field Auditor

Oklahoma City, OK, US

Req ID: 50190 

Areas of Interest: Credit Administration 

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.

Upon application to this position, you will be taken directly to an assessment. This assessment measures the job-related qualities that make a person productive by evaluating thinking and reasoning style, behavioral traits, and occupational interests. Please be sure you have 30-45 minutes to complete this. You will not be able to stop and return once you begin. It is recommended that you complete the assessment in a quiet setting without distractions.

Open to Position Placement in Oklahoma City, Denver, or Tulsa

 

The Field Auditor is primarily responsible for conducting field audits/inspections and reporting on the borrowing base assets of borrower or prospective borrower; conducts on site audits, reviewing and analyzing support information such as financial statements, procedures and policies, performs a physical inspection of the inventory, verifying randomly selected receivable and payable invoices, verifying internal financial controls, management awareness and controls; prepares reports on individual credits and proposed credit arrangements, citing exceptions and/or irregularities; makes recommendations based on information obtained from the customer, loan officer and the audit; makes specific recommendations to correct areas determined to be substandard or non compliant with policy; assists customer with borrowing base issues and loan structure; reports out of compliance issues and documents exceptions.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

  1. Schedules and conducts field audits, floor plan inspections, and other necessary inspections as directed. Works with account officer and borrower or prospective borrower to schedule review/audit, performs on site audit involving physical inspection of various inventory and commodity items that may be held as collateral, reviews borrowers financial information including Balance Sheet and Income Statement, Accounts receivable/ payable aging, invoices and supporting financial information.
  2. Analyzes audit information and prepares report of audit findings. The report encompasses customer operations, receivables, payables, inventories, procedures and accounting practices; compares to GAAP (Generally Accepted Accounting Practices); identifies anomalies and irregularities. Presents irregularities, exceptions and recommendations to ALC Manager, CCO and Lending Officer.
  3. Coordinates the customer’s reporting requirements to the bank through the ALC analyst. Works with the customers and ALC analyst to train and ensure that they understand all of the necessary reporting requirements and borrowing base guidelines; ideally prior to the first advance on the loan or when modifications are deemed necessary by the Account Manager or management.
  4. Analyzes the customers borrowing needs to customize the borrowing base parameters to fit within lending guidelines; utilizes financial information provided by the customer (analysis, audits, etc. to identify problems/trends;) advises Account Mgrs and Bank management as risks change.
  5. Coordinates with and assists with Credit Administration functions such as Loan Review and Credit Analysis; reviews collateral documentation reports, Loan Agreements and other supporting documentation. Compares Loan Agreement to Commitment Report and reports any discrepancies to Management.

 


KNOWLEDGE, SKILLS and ABILITIES:

 

  • Thorough knowledge of accounting, credit and collateral documentation
  • Working knowledge and understanding of commercial lending policy and procedures
  • Good analytical and research skills needed to read and interpret financial data obtained from customers and through field audits
  • Working knowledge of business operational procedures, i.e., accounts receivable, payable, and inventory control
  • Good knowledge and understanding of commercial lending policy and procedures
  • Excellent oral and written communications skills
  • Excellent PC and spreadsheet software skills

This level of knowledge is normally acquired through completion of a Bachelors Degree in Finance or Accounting and 1-2 years of asset lending control experience OR equivalent work experience of 7-8 years in closely related field.

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!
 
Apply today and take the first step towards your next career opportunity!

Upon application to this position, you will be taken directly to an assessment. This assessment measures the job-related qualities that make a person productive by evaluating thinking and reasoning style, behavioral traits, and occupational interests. Please be sure you have 30-45 minutes to complete this. You will not be able to stop and return once you begin. It is recommended that you complete the assessment in a quiet setting without distractions.
 
BOK Financial is an equal opportunity employer.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Attention All Third Party Agencies, Headhunters, and Recruiters
BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.


TOP 3 REASONS TO APPLY


Investing in our talent and building a great workplace is a top priority at BOK Financial.


  • Empowered employees
  • Award-winning culture
  • Community commitment



ABOUT BOK FINANCIAL


BOK Financial is a regional banking powerhouse and one of the top 25 banks in the U.S. We are based in Tulsa, Oklahoma, and diversified in a variety of industries, businesses, and geographies throughout the U.S.

FACTS:

  • 4,900 employees
  • 27 Years of financial profitability
  • $30+ billion in assets
  • $5.2 million in charitable contributions in 2017



Nearest Major Market: Oklahoma City
Nearest Secondary Market: Oklahoma

Job Segment: Accounts Payable, Audit, Bank, Banking, Accounting, Finance

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