Associate Job at B. Riley Financial
B. Riley Advisory Services - Field Examination Group, a subsidiary of B. Riley Financial (NASDAQ: RILY), is one of the nation's leading appraisal, valuation and advisory firms. Our field exam work is a key piece of diligence helping financial institutions prepare asset-based loans for a variety of companies within a broad range of industries including Retail and Consumer Products, Metals, Energy, Building Products, Automotive, among others.
B. Riley Advisory Services Field Examination Group is seeking a full-time Associate to work Remotely or in one of our Hybrid offices in Needham, MA, Chicago, IL or Westlake Village, CA.
This position assists in the analysis of existing and prospective borrower's collateral records and financial reports in order to determine / assess collateral values that support asset-based loans. The Associate frequently communicates complex information and interacts with borrower management. Provides excellent customer service to clients and internal team members. Regularly exercises discretion and independent judgment in management of projects. Duties have a significant financial impact of potentially hundreds of millions of dollars on client companies and lending institutions, as well materially impact the profitability of the field exam group.
Duties of this position include, but are not limited to the following:
- Performs in-depth testing and analysis of collateral (generally Accounts Receivable and Inventory) securing loans to potential/existing borrowers in order to verify existence, and to identify and highlight areas of collateral weakness or deterioration.
- Assists in the preparation of field examination reports and supporting workpapers that communicate in writing findings and material variances found, conclusions reached, and recommendations on potential mitigants.
- Participate in management interviews at the subject companies, gaining insight into their financial, collateral, and operational management.
- Effectively sets priorities and works in an organized manner while managing multiple moving deadlines
- Builds, maintains, and manages effective relationships and communication with subject companies throughout the field exam process
- Ensures internal communication and coordination within the exam team is effective and consistent throughout the process, keeping all members up to date
- Performs site visits as needed; travel could represent up to 35% per month
- Participate in client meetings/report deliveries as needed.
Education, Experience, and Skills:
- Bachelor’s Degree in Accounting, Finance or Economics
- A minimum of three years’ experience in financial services, transaction advisory services, auditing or consulting or demonstrated ability to produce high quality financial analysis and perform deal management duties. Experience in Financial Collateral Examination is a plus.
- Advanced knowledge of Income Statements, Balance Sheets and relevant accounting concepts
- Detail-oriented, able to effectively manage time, strong planning skills, and excellent analytical skills
- Excellent written and verbal English communication skills
- Excellent knowledge of MS Excel operations
- Valid driver’s license
- Demonstrated strong computer skills to include, Microsoft Office applications, as well as other office software products in a Windows environment
Why B. Riley Advisory Services?
- Growth opportunities and flexibility for high performers
- A relaxed hybrid office environment with a fun and hard-working team.
- Encouragement to contribute your valuable ideas to improve our company, products, and services
We are a subsidiary of B. Riley Financial, who through its subsidiaries, provides collaborative financial services and solutions tailored to fit the capital raising and financial advisory needs of public and private companies and high net worth individuals.
B. Riley Advisory Services works with lenders, law firms, private equity sponsors and companies of all types. Our Advisory Services are a unique mix of Valuation and Appraisal Services including asset-based lending (ABL) Valuations, Field Examination, Restructuring and Turnaround Management, Forensic Accounting and Litigation Support and Transaction Support Services including Due Diligence and Quality of Earnings Reviews.
B. Riley Financial provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction and liquidation services. B. Riley is headquartered in Los Angeles with offices across the U.S. as well as an international presence. B. Riley Financial was recently ranked #2 on Fortune 100 Fastest Growing Companies in 2021.
B. Riley Financial, Inc. employees enjoy competitive salaries, access to our 401(k) profit sharing retirement plan and our other benefits including paid holidays, vacation, and sick leave, voluntary group medical, dental, and vision insurance, and company paid life and disability coverage.
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