J2848 - Auditor, Block Discounting - UK, Flexible Location - Asset Finance

Job title: J2848 - Auditor, Block Discounting - UK, Flexible Location - Asset Finance
Contract type: Permanent
Location: United Kingdom
Function: Audit
Salary: Excellent salary, bonus and benefits
Reference: J2848 - 2
Contact email: careers@newleafsearch.com
Contact phone: +442037407222
Job Published: November 23, 2021
Remote WorkingYes

Job description

​​J2848 - Our client is seeking an Auditor, Block Discounting to manage the auditing function of Block Discounting customers by physical visits and remotely via electronic means, ensuring balances on purchased agreements are sufficient to maintain security cover to an agreed level and to monitor the provision of additional agreements where shortfalls occur.

Salary: Excellent salary, bonus and benefits. Location: UK, Flexible Location.

KEY RESPONSIBILITIES:

  • Ensure that the security position is maintained, evaluate the performance of the underlying portfolio, and provide commentary on the level of adequacy of client systems, operations and controls that establish the veracity of documentation supporting the provision of Block Discount finance.

  • Conduct reviews by visits, or electronically, at an agreed frequency relevant to the client.

  • Report immediately any significant change in position of the company regarding arrears trends or security cover.

  • Interrogate client systems and records to ensure agreements sold to the company are live and good, in order to calculate whether the cover ratio is within the set parameters.

  • Assess and quantify shortfalls in security cover

  • Instruct the client promptly of any requirement for replacement cover

  • Implement anti money laundering and KYC procedures laid down by the company

  • Maintain reporting on reviews in accordance with agreed frequency

  • Report generally on individual clients when necessary, from information gathered during customer visits or other contact

  • Communicate and escalate potential issues/risks in a prompt and effective manner.

PERSON SPECIFICATION:

  • Extensive prior experience of a Block Audit role essential.

  • Wide ranging knowledge of the asset leasing market.

  • Extensive experience of asset finance in a wide range of market areas.

  • Extensive experience and knowledge of auditing practices.

  • Experience of underwriting and general credit policies.

  • Knowledge and understanding of current Consumer Credit Act legislation, Data Protection laws, Anti Money Laundering and KYC.

  • Block Discounting lender auditing experience essential.

We strongly favour applicants with proven, relevant experience in Financial Services; particularly in Asset Finance and Leasing.

Applicants will only be considered with relevant in-country experience.

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Consultant

Katherine Amin

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