BB Monitoring & Reporting (New York)

Location: New York, NY
Date Posted: 04-04-2018
BB (Borrowing Base) Monitoring & Reporting CONTRACTOR-
Services to be provided and tasks to be completed: 
  1. Quarterly/Annual OFAC check for all BB clients in TCF portfolio (Due Jun and Sep)
  2. Monthly BB pre-approved receivables/storage reconciliation for all BB reports received (Due monthly - approximately 60 reports to be received monthly)
  3. Insurance policy monitoring set up in Covtrack (Due Apr)
  4. BB / Pre closing minutes – meeting minutes to be drafted and reviewed by analyst (Due monthly, within D+5 every month, and subject to GPS control).
Description of the skills/knowledge/expertise required : 
  1. Details oriented
  2. Good administrative skills
  3. Good MS excel, MS word skills
Environment History of Project: 
Part of BB monitoring enhancement
Project Objectives / Estimated costs & benefits/return on investment (qualitative/quantitative):
1) Financial crime risk control related to OFAC in Borrowing Base Report reported by clients,
2) Pre-approved receivables/storage check, ensure collateral are eligible reported by clients as per credit agreement,
3) Insurance policy monitoring set up – data quality control, ensure SG is a loss payee and policy provided by client are up to date.
4) BB / Pre closing minutes – meeting minutes to be drafted (following BB/ Pre-closing minutes’ SOP) and reviewed by analyst.
Job Function: Regulatory
Organization: OPER/FIN
Thank you,
Doreen Daly
Sr. Recruiter
Frontier Systems Consulting, Inc.
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